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Turkeys Daily Power Consumption Up 0.81% on Nov. 11

Turkey's Daily Power Consumption Up 0.81% on Nov. 11

Turkey's daily electricity consumption increased by 0.81% on Thursday compared to the previous day, totaling 909,733 megawatt-hours, according to official figures of Turkish Electricity Transmission Corporation (TEIAS) on Friday

North Macedonia Declares State of Electricity Crisis

North Macedonia Declares State of Electricity Crisis

North Macedonia's government declared a 30-day state of crisis due to difficulties in power supply caused by production outages and lack of additional sources for electricity generation, it said

Countries, Cities, Carmakers Commit to End Fossil-Fuel Vehicles By 2040

Countries, Cities, Carmakers Commit to End Fossil-Fuel Vehicles By 2040

A group of countries, companies and cities committed on Wednesday to phasing out fossil-fuel vehicles by 2040, as part of efforts to cut carbon emissions and curb global warming. But the world's top two carmakers, Toyota Motor Corp (7203.T) and Volkswagen AG (VOWG_p.DE), as well as major car markets China, the United States and Germany, did not sign up, highlighting the challenges in shifting to zero emissions

Share of CO2 Auctions Revenue for Greece’s Renewables Special Account Reduced to 30%

Share of CO2 Auctions Revenue for Greece’s Renewables Special Account Reduced to 30%

A new decree reduces the share of proceeds from CO2 emission auctions directed to the special renewables accounts remunerating producers to 30% from 60%. The Greek environment and energy ministry’s decision has caused reactions in the renewables market since it lowers the account’s inflows by EUR 75 million to cover the rising energy cost for consumers

Over 100 Countries Commit to Cut Methane Emissions By 30% By 2030

Over 100 Countries Commit to Cut Methane Emissions By 30% By 2030

The number of countries committing to a US and EU-led initiative, the Global Methane Pledge, to cut methane emissions by 30% by 2030 reached over 100 on the second day of the official opening of the leaders' summit of the 26th session of the Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change

1,485 Institutions Globally Divest from $39.2 Trillion Worth of Fossil Fuels

1,485 Institutions Globally Divest from $39.2 Trillion Worth of Fossil Fuels

Globally 1,485 institutions from 71 countries have committed to fossil fuel divestment, representing an unprecedented total of $39.2 trillion worth of assets, a figure that is higher than the annual GDP of the US and China combined, a new report from Divest/Invest Forum revealed Tuesday

Turkey Has Rapidly Become Leading Wind Market: Vestas

Turkey Has Rapidly Become Leading Wind Market: Vestas

Turkey has rapidly developed into a leading global wind market since Vestas installed its first wind turbine back in 1984, according to Olcayto Yigit, head of Vestas Turkey. Vestas has delivered 2 gigawatts (GW) of installed wind capacity in Turkey since then