Emissions from China's power sector are set to hit new highs over the coming summer as rising temperatures spur increased air conditioner use just as factories and heavy industry continue to expand output from last year's pandemic-hit levels.
An upbeat report this week by think tank Ember revealed that a record 12% of global electricity was generated by renewable sources in 2022, and declared that fossil fuel emissions may soon steadily decline as more renewable supply capacity emerges.
The average costs to produce onshore wind and solar power in the United States have increased for the first time since 2009 as steel and silicon became more expensive and supply chains were disrupted, research from investment bank Lazard showed on Wednesday.
Morocco's state-owned phosphates and fertiliser producer OCP said on Wednesday it signed an agreement with the International Finance Corporation (IFC), the World Bank's investment arm, on a 100 million-euro ($110 million) loan to build four solar plants to power its industrial operations.
India's power generation grew at the fastest pace in over three decades in the just-ended fiscal year, a Reuters analysis of government data showed, fuelling a sharp surge in emissions as output from both coal-fired and renewable plants hit records.