GE has announced that it intends to exit the new build coal power market, subject to applicable consultation requirements.
The South African cabinet has approved a goal to reduce greenhouse gas emissions to net zero by 2050, while still planning to build 1000 MW of new coal-fired capacity by 2030.
The Australian Government has announced its support for a new gas-fired power plant in Hunter Valley, New South Wales, to replace the ageing Liddell coal-fired power station.
The Greek Government has announced plans to invest €5 billion in phasing out coal-fired power generation by 2028.
Power sector emissions in Germany reached their highest level last month since before the onset of Covid-19, as lower renewable output and increased cooling demand from a heatwave boosted output from thermal power plants.
According to results from Global Energy Monitor (GEM), the world’s fleet of coal-fired power stations has got smaller for the first time on record, with more capacity retired in the first 6 months of 2020 than the amount opened.
The Competition Commission of India (CCI) has given approval to Adani Power’s proposed purchase of a 49 per cent stake in Odisha Power Generation Corporation (OPGC) for $135 million.
Renewable sources have overtaken coal, oil, and gas in EU electricity generation, according to analysis from Ember, a climate think-tank.
Japan has said that it will tighten its rules on investment in foreign coal-fired power stations on environmental grounds, but it stopped short of completely ending government funding for such projects.
CDC Group, the UK’s development finance institution, has unveiled a plan to achieve net zero emissions across its portfolio by 2050 in support of the Paris Agreement on climate change.