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Japan's largest-scale offshore wind farmbegins commercial operation With the aim of "ALL JAPAN" to achieve 60% local procurement by 2040
Jan. 02 2024
Japan's largest-scale offshore wind farmbegins commercial operation With the aim of "ALL JAPAN" to achieve 60% local procurement by 2040
One of Japan's largest offshore wind farms has started commercial operation in the prefecture of Hokkaido. Tokyo-based renewable energy company Green Power Investment built the facility in Ishikari Bay, off the coast of western Hokkaido. It has 14 turbines, each of which is 196 meters tall. The wind farm started commercial operation at the start of the year. The facility is estimated to be able to provide electricity for up to 83,000 households. The power will be sold to a local utility company. There are also plans to use the electricity to produce hydrogen, a next-generation power source.
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OMNI Features|Agreement Between the Dutch Government and Air Liquide on Carbon Dioxide Reduction / MOEA Accelerates Standards for Wind & Solar Energy Storage
Dec. 30 2023
OMNI Features|Agreement Between the Dutch Government and Air Liquide on Carbon Dioxide Reduction / MOEA Accelerates Standards for Wind & Solar Energy Storage
The Dutch government announced on the 21st that a binding agreement was signed between France's Air Liquide and the Ministry of Economic Affairs and Climate (EZK). The agreement aims to significantly reduce carbon emissions in the Netherlands through tailored methods in the coming years.
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OMNI Features|Climate Change Linked to GHG Migration Below Permafrost / Strict Thresholds for Energy-Heavy Industries in 2024 / CHT Aims to Implement 100% Net Zero Procurement by 2027
Dec. 29 2023
OMNI Features|Climate Change Linked to GHG Migration Below Permafrost / Strict Thresholds for Energy-Heavy Industries in 2024 / CHT Aims to Implement 100% Net Zero Procurement by 2027
A study in Norway's Svalbard archipelago indicates methane migrating below the permafrost. While lowland areas with ice-rich permafrost effectively seal gases, highland regions with less ice appear more permeable. Excessive permafrost melting could lead to the escape of greenhouse gas emissions, further exacerbating rising temperatures.
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OMNI Features|Credit Agricole S.A. Discontinuation of Funding for Fossil Fuel Extraction/ U.K. and A.U. Sign MoU to Promote Energy Transition / Tree Planting Initiative in Jiading Wetland, Kaohsiung City
Dec. 27 2023
OMNI Features|Credit Agricole S.A. Discontinuation of Funding for Fossil Fuel Extraction/ U.K. and A.U. Sign MoU to Promote Energy Transition / Tree Planting Initiative in Jiading Wetland, Kaohsiung City
Credit Agricole S.A., one of France's largest banks, has declared it will no longer provide loans to any new fossil fuel extraction projects and will selectively support businesses responding to calls for energy transition.
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TPP Dedicates Green Energy and remains Low Carbon Consumption for 2023, Despite Reaching its Air Pollution Peak in 2014
Dec. 26 2023
TPP Dedicates Green Energy and remains Low Carbon Consumption for 2023, Despite Reaching its Air Pollution Peak in 2014
Taipower Company explains that in 2014, Taichung Power Plant (TPP) reached the highest levels of air pollution, coal consumption, and carbon emissions in its history. In recent years, Taipower has been actively addressing these issues through energy transformation, increasing gas and green energy use, and improving air pollution control equipment. The results include a 6 million-ton reduction in coal usage, a more than 60% decrease in air pollution, and a 30% reduction in carbon emissions.
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OMNI Features|Japan and Saudi Arabia Sign MoU to Ensure Supply of Critical Minerals/ SRF Power Plant Faces Local Oversight / Canada Announces 2035 Regulations for Full Electrification of Light-duty Vehicles
Dec. 26 2023
OMNI Features|Japan and Saudi Arabia Sign MoU to Ensure Supply of Critical Minerals/ SRF Power Plant Faces Local Oversight / Canada Announces 2035 Regulations for Full Electrification of Light-duty Vehicles
On the 24th, Japan's Minister of Economy, Trade, and Industry, Ken Saito, signed a Memorandum of Understanding (MoU) with Saudi Arabian authorities to assess joint investments in resource-rich countries like Africa. This aims to ensure a stable supply of essential minerals for automotive batteries.
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OMNI Features|Carbon Credit Trading Platform was Officially Onboard on the 22nd / Japan's Energy Inflation Slows Down During November / U.S. Government Considering Raising Tariffs on Chinese EVs
Dec. 23 2023
OMNI Features|Carbon Credit Trading Platform was Officially Onboard on the 22nd / Japan's Energy Inflation Slows Down During November / U.S. Government Considering Raising Tariffs on Chinese EVs
Taiwan Carbon Solution Exchange (TCX), the international carbon credit trading platform, was officially onboard on the 22nd, with the business community eagerly embracing the arrival of carbon trading. Ming-Hsin Kung, Head of the National Development Council, stated that the first transaction in carbon trading might involve foreign carbon credit transactions. The initial stage online doesn't currently offset carbon fees, and specific reductions are still unclear as related regulations are expected to be formulated next year.
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OMNI Features|EU Reaches Budget Reform Agreement / Canadian Growth Fund Invests in Carbon Contracts for Difference / Mayor of Kaohsiung Shares COP28 Experience
Dec. 22 2023
OMNI Features|EU Reaches Budget Reform Agreement / Canadian Growth Fund Invests in Carbon Contracts for Difference / Mayor of Kaohsiung Shares COP28 Experience
Finance ministers from the 27 EU countries, after reaching a compromise in France and Germany, have agreed to loosen budget regulations to stimulate investment while maintaining control over debt and spending. The agreement relaxes fiscal constraints imposed on EU member states during COVID-19, including debt not exceeding 60% of GDP and public deficits not surpassing 3%, among others. While reaffirming the 3% deficit target, it eases the requirements for expenditure cuts, reflecting the post-pandemic reality.