Nov 18, 2024
European Oil Giants Reassess Renewable Energy Commitments
Major European oil companies, including BP, Shell, and Equinor, are reevaluating their renewable energy strategies, shifting focus back to oil and gas amid rising costs and profitability concerns in green projects.
In response to the energy crisis following geopolitical tensions and the declining profitability of renewable projects due to escalating costs and supply chain issues, European oil majors are scaling back investments in low-carbon initiatives such as hydrogen and offshore wind. This strategic pivot raises questions about the long-term sustainability of their energy transition plans, especially with the anticipated peak in global oil demand by the decade’s end. Read more.
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Jul 14, 2025
India Achieves 50% Non‑Fossil Power Capacity Five Years Ahead of Target
India has reached 50% of its installed electricity capacity from non-fossil sources—solar, wind, hydro, and nuclear—marking a major milestone well ahead of its 2030 clean energy goal.
Jul 11, 2025
China Introduces First Renewable-Energy Targets for Steel, Cement, Polysilicon & Data Centres
China’s National Development and Reform Commission rolled out its first Renewable Portfolio Standards (RPS) for heavy industry—steel, cement, polysilicon—and new data centers, mandating significant renewable power use by province.