SEOUL, Aug. 26 (Korea Bizwire) — Ministerial-level officials from over 40 countries worldwide have gathered in South Korea this week for a series of meetings for discussions on ways to expand and promote the use of eco-friendly energy sources, Seoul’s industry ministry said Tuesday. The 16th Clean Energy Ministerial (CEM) meeting kicked off Monday in [...]
BUSAN, April 29 (Korea Bizwire) — John Kerry, former U.S. secretary of state and special climate envoy, said Tuesday the global transition to clean energy is “unstoppable” despite uncertainties in the U.S. administration’s climate policies. “The world marketplace has made its decision. It is transitioning (to clean energy),” Kerry said. “The only challenge for all [...]
Sustainability Economics, an international entity providing end-to-end net-zero solutions for high emitting sectors, brings in first-of-its-kind CLEM (Clean Energy Mechanism), an end-to-end solution for CFPP transitions with a vision of making transition profitable, has announced to partner with PT SUCOFINDO, a state-owned company supporting government policies and capacity building to accelerate CFPPs transitions across Indonesia. [...]
SEOUL, March 7 (Korea Bizwire) — SK Inc. Materials Co., an advanced materials unit under South Korea’s SK Group, said Tuesday it is acquiring a U.S. company specializing in carbon capture, utilization and storage (CCUS), as it bolsters investment in clean energy. The board of SK Inc. approved the plan Monday to invest an additional [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s push for clean energy, notably hydrogen, offers opportunities for companies like FuelCell Energy Inc. (FCE) to deliver its technologies “well-suited” to help the country achieve its carbon emissions goals, its CEO has said. Jason Few, president and CEO of the U.S. fuel cell platform manufacturer, said the [...]
SEOUL, June 14 (Korea Bizwire) — South Korean battery maker SK Innovation Co. said Tuesday it will invest US$30 million in Amogy Inc., a U.S. developer of ammonia-based, emission-free power solutions, and cooperate in the development of related technologies. To that end, both companies signed a deal on strategic investment and a memorandum of understanding [...]
VIENNA, Austria, Oct. 14 (Korea Bizwire) — This year’s Energizing Finance research series – developed by Sustainable Energy for All (SEforALL) in partnership with Climate Policy Initiative (CPI) and Dalberg Advisors – shows the world is falling perilously short of the investment required to achieve energy access for all by 2030 for the seventh consecutive year. In [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean companies are accelerating their shift toward renewable energy to meet tighter emission goals and get ahead in the clean technology development. Major companies have committed to use 100 percent renewable energy by 2050 to join the global clean energy RE 100 initiative led by the international nonprofit [...]
LONDON and SAN FRANCISCO, Oct. 27 (Korea Bizwire) — By 2030 electricity systems comprised entirely of solar, wind and batteries (SWB) can provide both the cheapest power available and two to three times more total energy than the existing grid in the continental United States, and most populated regions globally, bankrupting coal, gas and nuclear [...]
DANGJIN, July 24 (Korea Bizwire) – South Korea’s move to switch to clean energy is being put into practice. The Dangjin-Eco Solar Power Plant, which was originally conceived as a coal-fired power plant before being changed to a renewable energy facility, largely in line with the Moon administration’s ambitious green energy-oriented policies, was officially completed [...]