The United Arab Emirates (UAE) is seeking partnerships with India to expand its renewable energy sector, according to the UAE's Minister of Industry and Advanced Technology. The two countries are working towards a joint venture to build a solar-powered hydrogen plant in Abu Dhabi, and are exploring collaborations in the fields of energy storage and green hydrogen production.
German Economy Minister, Robert Habeck, has announced plans to speed up power market reforms in Germany in 2023. The move aims to incentivize companies to invest in renewable energy and phase out fossil fuels. The government hopes the reforms will help Germany achieve its goal of reducing greenhouse gas emissions by 65% by 2030.
Indonesia has launched a carbon trading mechanism for coal power plants, aiming to reduce greenhouse gas emissions. The program will begin with three power plants and expand to include more. The trading system will allow companies to buy and sell carbon credits - encouraging them to reduce emissions and shift to renewable energy sources.