APAC
Over 80% of new renewables in 2023 cheaper than fossil fuel alternatives
Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.
Over 80% of new renewables in 2023 cheaper than fossil fuel alternatives
Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.
Global power sector needs $115t to achieve 2050 net zero goal
However, some consumers, including Singaporeans, do not want to spend more on electricity.
What is slowing down energy transition in the oil and gas industry?
The shift is seen to progress at a slower pace.
GWEC appoints new deputy CEO
A new chief industry officer was also named.
Over 500 GW of solar power to be installed in 2024
China continues to lead the pack.
What are the main risks of solar PV panel installation?
Fire was cited as a key concern.
Global energy transition faces growing challenges: McKinsey
A significant gap exists between climate ambitions and reality.
Clean hydrogen investments reach $75b in 2024
However, the industry is facing delays, putting climate targets at stake.
Global wind turbine orders up 23% in H1
Demand was driven by China.
Offshore wind faces growing O&M challenges
Large turbines offer potential benefits but also significant challenges according to the report.
Contractor errors and defects fuel offshore wind project losses
This accounted for over 60% of insurance claims in 2022.
Integrate climate change into company’s long-term strategy to align with SDGs - EY’s Judy Li
Effective waste recycling and resource utilisation boost company sustainability and offer new approaches to global waste management.
KPMG’s Sharad Somani stresses sustainability goals require a multi-faceted approach
He emphasised the importance of tailored solutions, technological integration, and sustainability in addressing waste management challenges and opportunities in Asia.
Renewables to stabilise APAC thermal gencos’ earnings
Thanks to the insulation of clean energy from fuel costs.
Asia-Pacific may miss RE targets
Countries must attract investments to advance their clean energy goals.
APAC power utilities at risk due to climate transition: Fitch
Energy transition efforts must be enhanced.
Fossil fuels to supply over 75% of global energy by 2030
This reliance will drive emissions higher, primarily from hydrocarbon extraction and gas flaring.
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