Energy


Australia to build its first dual hydrogen-gas power plant

Australia to build its first dual hydrogen-gas power plant

(ATF) The Australian state of New South Wales is set to be the site of the country’s first dual hydrogen-gas power plant, as the country’s most populous state intensifies its switch to renewable energy.Deputy Premier John Barilaro said this week the A$83-million project on the edge of Lake Illawarra south …

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Regional lender comes under fire over fossil-fuel loans

Regional lender comes under fire over fossil-fuel loans

(ATF) The Asian Development Bank, the region's biggest multilateral lender, has come under fire over its loans to the fossil fuel sector, with activists saying the bank doesn't do enough to promote climate change mitigation. A group of non-governmental organisations called on ADB on Monday to swiftly end loans to …

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Covid lockdowns in India and Japan slow LNG momentum

Covid lockdowns in India and Japan slow LNG momentum

(ATF) Just as liquefied natural gas (LNG) spot markets in the Asia Pacific were gaining momentum, headwinds from the Covid-19 pandemic are again causing problems for suppliers of the super-cooled fuel.The trouble for markets comes with the dramatic coronavirus surge in India. It has a knock-on effect of curbing power …

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Chinese drivers boost global petroleum outlook

Chinese drivers boost global petroleum outlook

(ATF) Chinese drivers have helped turn the global oil outlook positive, as the country is first to recover from the coronavirus pandemic, according to new data.The resumption of driving - a crucial factor in the petroleum market's recovery - has seen rising fuel use in China, the United States and …

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Samsung subsidiary plans huge Texas solar power plant

Samsung subsidiary plans huge Texas solar power plant

(ATF) A Samsung unit plans to build solar power plants worth $673 million in the US state of Texas, aiming to sell the electricity it generates starting in 2023, according to reports.The South Korean company, part of Samsung C&T, would locate the plants near Austin, where Samsung Electronics has a …

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India ramps up wind power build-out but net zero remains elusive 

India ramps up wind power build-out but net zero remains elusive

India continues to build out its renewables sector amid questions over its continued coal reliance, in addition to ramped-up pressure from western countries to reduce its greenhouse gas (GHG) emissions – the world’s third largest after China and the US. That pressure took on new impetus this week as US …

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Japan sets itself tougher targets on emissions reduction

Japan sets itself tougher targets on emissions reduction

(ATF) Japan aims to cut its greenhouse gas (GHG) emissions by 46% by 2030, significantly more than previously pledged, ahead of a key US-hosted climate summit.The new target revises a previous goal of cutting emissions 26% from 2013 levels by 2030.Japan is still heavily reliant on fossil fuels, in part …

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Australia commits to green energy, dumps Chinese coal mine and BRI

Australia commits to green energy, dumps Chinese coal mine, BRI

(ATF) Australia will spend more than US$400 million to co-fund research and pilot projects in green technologies. The announcement, to coincide with the Biden Climate Summit, came a day after the country's most populous state cancelled a Chinese coal mine project.Prime Minister Scott Morrison – who has resisted global calls …

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Chevron and Toyota ink deal to build up hydrogen economy

Chevron and Toyota ink deal to build up hydrogen economy

(ATF) US oil major Chevron and Japanese carmaker Toyota have announced an agreement to jointly develop hydrogen, a major step by two corporate giants to transform fuel for transport.The alliance is expected to focus on promoting hydrogen infrastructure, assessing the market for fuel-cell electric vehicles and the hydrogen supply that …

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China kicks up renewables push days ahead of global climate summit

China kicks up renewables push days ahead of global climate summit

(ATF) Just days before US President Joe Biden’s global climate summit gets underway, China is pressing forward with plans to help the country reach its carbon emissions goals. On Monday, the country’s powerful National Energy Administration (NEA) said it was raising solar and wind power generation in its energy mix …

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