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AsiaElec covers utility-scale power developments and policy across all main industry sectors, including coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the closely interlinked coal-mining sector.
AsiaElec reports on project investment and approval, providing news and intelligence on key developments. This is ideal, not only for investors, developers and competitors, but for service, infrastructure and construction companies, who benefit from knowing where best to make their next key move in a rapidly developing market.
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South Korea to end coal power by 2050
South Korea aims to end coal-fired power generation by 2050, South Korean President Moon Jae-in said at the G20 meeting on October 31.
IEA aims to forge stronger global regulation of energy transition
The International Energy Agency launched at COP26 a new Regulatory Energy Transition Accelerator, which aims to improve the regulatory capacity needed to decarbonise energy systems and meet the 1.5°C targets.
AsiaElec: UK provides $150mn to support Green Finance in Asia
The Association of South East Asian Nations (ASEAN) unveiled at COP26 its Catalytic Green Finance Facility, which aims to increase access to finance for renewable energy, clean transportation and urban infrastructure projects in the region.
Climate Investment Funds issues new generation of green bonds worth $500mn
The World Bank has backed the issue of $500mn of green bonds ever year for 10 years in a bid to raise private capital to scale up clean energy and sustainable infrastructure in emerging economies.
World finally commits to $100bn of climate finance for global south
UK Chancellor Rishi Sunak said at COP26 that the world’s rich nations would make good on their promise of $100bn per year of climate financing for poor countries by 2023.
UK, India launch Green Grids Initiative at COP26
COP26 finds renewed commitment to 1.5°C
The US has joined the High Ambition Coalition and has signed up to the goal of limiting global warming to 1.5°C by 2100, halving global emissions by 2030 and making good on the promise of $100bn per year of climate finance for poor nations.
India sets 2070 target for net zero
India's Prime Narendra Modi has told COP26 in Glasgow that India aims to reach net zero by 2070, by far the latest date yet set by any country.
Mixed outlook for COP26 as leaders embark on search for agreement
COP26 is trying to put flesh on the bones of the targets and promises made at the 2015 Paris meeting.
China looks to cut fossil fuel output by 2060
China firms ups plans to reach peak emissions by 2030
China has outlined details of its plans to bring carbon emissions to a peak before 2030 as part of its wider strategy of reaching net zero by 2060, Reuters reported.
Alliance of CEOs urge governments to meet 1bn tonne reduction target by 2030
A list of 91 corporate CEOs have signed an open letter to world leaders committing themselves to meeting the Paris Agreement’s climate change targets and to reduce emissions by more than 1bn tonnes per year by 2030.
$1 trillion solar investment target set as costs fall
The International Solar Alliance (ISA) and Bloomberg Philanthropies are to lead efforts to mobilise $1 trillion in global investment for scaling up solar energy across ISA member countries.
China maintains 2060 date for carbon neutrality
China aims to reach peak emissions before 2030 and to achieve carbon neutrality before 2060, although it has refused to commit to any earlier dates.
China adds 25.56 GW of new solar capacity so far in 2021
China installed 25.56 GW of new solar capacity in the first nine months of 2021, according to official figures released by the National Energy Administration (NEA).
Comet Ridge makes headway at Queensland CBM project
Australian junior Comet Ridge has begun drilling a dual lateral well at its Mahalo North coal-bed methane (CBM) development in Queensland.
AsiaElec: Beijing liberalises renewables tariffs
China has liberalised its solar tariff rules in a bid to boost investment in renewables in order to meet rising demand for power in the coming winter.
UN warns that net-zero pledges are insufficient and not urgent enough
A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.
ADNOC signs clean energy supply deal with EWEC
AsianOil: Australia unveils net zero roadmap, remains committed to coal, gas
The Australian government has not only laid out its plan to achieve carbon neutrality by 2050 but has also thrown its support behind the country’s coal and natural gas producers and exporters.
Inner Mongolia virus cases hit land ports but coal exports from Mongolia to China still set to jump
Vestas to consolidate in offshore wind power in Asia
Danish turbine manufacturer Vestas has revealed that its plans will consolidate its China (CHI) and Asia Pacific (ASP) regions into one, strong business region covering the Greater Asia region to be known as Asia Pacific (APAC).
Governments’ fossil fuel production plans dangerously out of sync with Paris limits
Governments around the world still plan to produce more than double the amount of fossil fuels in 2030 than what would be consistent with limiting global warming to 1.5°C, despite increased climate ambitions and net-zero commitments.
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