News
Asia Pacific
May 23, 2022
Woolworths inks PPA to reach 100% renewable in South Australia
Woolworths, an Australian chain of supermarkets, last week announced a renewable energy cooperation with Spanish energy company Iberdrola to power its sites in South Australia.
May 20, 2022Sony pushes net zero target ahead by 10 years
Sony announced on Wednesday that it decided to bring forward its deadline for reaching carbon neutrality by a decade, saying it now plans to achieve net-zero emissions across its whole business by 2040.
May 19, 2022Japan to pilot first carbon trading market in September
Japan Exchange Group (JPX) is collaborating with Japan’s Ministry of Economy, Trade, and Industry (METI) to set up the country’s first exchange for carbon trading. The scheme is expected to start operating as a technical demonstration project in this Sept
May 18, 2022Steel industry emissions to fall 30% by 2050: Woodmac
As more mills switch to less-polluting electric arc furnaces (EAF), carbon dioxide emissions from the world’s steel sector are expected to drop 30% by 2050 compared to last year, according to a study released on Tuesday by consultancy Wood Mackenzie.
May 17, 2022Australia’s hydrogen Guarantee of Origin Scheme enters trial phase
Australia’s Department of Industry, Science, Energy and Resources has developed the Guarantee of Origin (GO) scheme to verify hydrogen production emissions. The scheme has entered into its first trial phase, with 19 trial participants having signed up to
May 13, 2022India rolls out renewable energy certificate multiplier to boost new technologies
India’s Central Electricity Regulatory Commission (CERC) released on Monday a new notification, introducing the idea of multiplier for renewable energy certificates (RECs) for new projects depending on the tariff range of various renewable technologies, w
May 11, 2022Karnataka proposes solar RPO target of 11.5% for DISCOMS
The Karnataka Electricity Regulatory Commission (KERC) issued amendment to Karnataka Electricity Regulatory Commission (Procurement of Energy from Renewable Sources) Regulations, 2022, establishing the Renewable Purchase Obligation (RPO) target for fiscal
May 10, 2022Renewable energy certificate market to reach $103 billion by 2030
The global renewable energy certificate market generated US$9.3 billion in 2020 and is predicted to reach US$103.2 billion by 2030, with a compound annual growth rate of 27.2% from 2021 to 2030, according to a recent report published by Allied Market Rese
May 09, 2022China’s farmers can now earn money with ‘carbon tickets’
China launched the country’s first carbon emission trading platform for agriculture sector on May 5 as part of the government’s efforts to hit carbon emission peak before 2030 and achieve carbon neutrality by 2060.
May 05, 2022Japan submits to IMO ‘most ambitious’ carbon tax plan
The Japanese government has submitted a proposal to the International Maritime Organization (IMO) to impose a hefty carbon tax, adding to a growing list of possibilities for the regulator’s Marine Environment Protection Committee (MEPC) to consider at its