bp delivers carbon-neutral LNG cargo to Taiwan’s CPC

It is the energy giant’s first delivery of its kind in the Asia-Pacific region

Mitsubishi snaps up 20% stake in OVO Energy

The supplier will use part of the investment to accelerate the development of its intelligent energy technologies unit

New centre to scale up climate finance in the Asia-Pacific

It will be located in Shanghai Lujiazui Financial City, which will work with other cities in the region to promote the development of sustainable and green finance

Governments commit to ‘clean and green’ Asia-Pacific

Environment ministers and high-level officials from more than 30 countries in Asia-Pacific have committed to move towards a resource efficient and pollution free region. They made the pledge at the first Asia-Pacific Ministerial Summit on the Environment in Bangkok last week. They highlighted the urgency of addressing environmental health risks associated with pollution and promoting […]

Global gas turbine market forecast to fall

The global gas turbine market is forecast to fall by 2021. That would be from $8.49 billion (£6.6bn) in 2016 to around $7.73 billion (£6bn) in the next four years, according to research and consulting firm GlobalData. It states global economic recession and the decrease in the price of gas turbines have “heavily impacted” market […]

Solar street lighting market ‘to reach $17.8bn by 2024’

The solar street lighting market is forecast to grow to $17.78 billion (£12bn) by 2024. That’s an increase from $2.72 billion (£1.8bn) last year, a new report suggests. It claims Asia Pacific was the largest market for solar street lighting globally, accounting for a 44% share in 2015. India was the leader “in terms of […]

Asia-Pacific’s smart grid market ‘to earn $13bn’

Asia-Pacific’s smart grid market could see revenues of $13.9 billion (£9.1bn) by 2019. That’s because countries are seeking new ways to meet electricity demand, stated a new report from Frost & Sullivan. It added the market earned $7.6 billion (£5.01bn) in 2014 and will keep growing. South Korea and Japan will remain the hotspots for smart grid investments. Japan’s […]

Waste to energy market to rise at 8.1% per year

The global waste to energy market could increase at 8.1% per year until 2019. That’s according to a report by US consultancy Transparency Market Research, which believes the market is expected to be worth more than $31.8bn (£20.35bn). The increase is driven by the rising concern towards energy security and growing regulatory support and funding, […]

Asia-Pacific to receive $6bn climate fund by 2020

The annual climate financing to the Asia-Pacific region will be doubled to $6 (£3,9bn) billion by 2020. According to the Asian Development Bank (ADB), which will provide the funding, $4 billion (£2.6bn) will be used to support renewables, energy efficiency, sustainable transport and to build smart cities. The construction of more resilient infrastructures, climate-smart agriculture […]

Asia-Pacific set to overtake Europe in solar

The Asia-Pacific region will install 345.33GW of solar capacity by 2025. That’s the finding of a report by GlobalData which stated the region will overtake Europe to become the largest contributor of solar. The increase will take place at an annual rate of 16.7%. South Korea is the major centre for development of solar technology, according […]