APAC

IEEFA argues the economic case for CCS in fossil-fired power plants is weak. 

The projects will be in APAC, Europe, and the US.

China's aggressive hydropower development is driven by its carbon peaking target by 2030.

Power grids are projected to be the top consumers of copper amongst energy transition technologies. 

Policy changes are needed to prevent supply bottlenecks by 2026.

This is in line pursuit of net zero targets across the globe. 

China led the growth with the addition of 141GW during the period.

Current renewable capacity stood at 3,372GW.

National governments will need to address more than just competitive costs and innovations. 

SMRs can be a viable competitor with renewable energy, Wood Mackenzie noted. 

This comes as markets look for a more low-carbon energy supply, Wood Mackenzie reported. 

Fitch Solutions expects markets to strengthen reshoring efforts. 

One crucial step to achieving the global climate goal is to increase clean energy at least four-fold, IEA said during the event.

The project is a collaboration of the ADB, and the governments of Tonga and Australia.

Energy transition technologies investments also reached a record $1.3t.

The platform consists of a unique smart multi-fluid microgrid combining numerous green technologies to produce and store electricity and hydrogen.