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Asia Pacific
February 25, 2022
Tencent pledges carbon neutrality across operations and supply chain by 2030
Chinese tech giant Tencent announced on Thursday that it plans to achieve carbon neutrality in its operations and supply chain by the end of the decade.
February 24, 2022India proposes amendments to renewable energy certificates mechanism
India’s Central Electricity Regulatory Commission (CERC) has recently published a draft regulation for renewable energy certificates, in which the commission proposes that renewable generators, captive power projects, distribution companies (DISCOMs), and
February 21, 2022T-RECs issuance crossed 1 million milestone with 99% taken by TSMC
As environmental consciousness grows, demand for renewable energy saw a rapid surge. Taiwan’s Bureau of Standard, Metrology, and Inspection (BSMI) announced on Friday that, over the past six years, it has issued a total of 1.06 million renewable energy ce
February 18, 2022Australian carbon price drops as investors liquidating credits
After more than six months of rapid increase, the price of Australian Carbon Credit Units (ACCUs) has decreased in the last two weeks. ACCUs were trading at around AU$51/tonne of carbon dioxide equivalent this week, down from over AU$57/tonne at the start
February 14, 2022Old carbon credits preferred by companies threaten climate pledges, experts warn
According to a new analysis published by Nikkei, one of the world’s largest financial newspaper, nearly 40% of carbon credits acquired by firms are more than five years old, which might threaten progress on reducing greenhouse gas emissions.
February 10, 2022Corporate clean energy purchases hit record in 2021, says BNEF
According to Bloomberg New Energy Finance, global corporations purchased 31.1 GW of clean energy through power purchase agreements in 2021, reaching new record high. Purchases are up roughly 24% from the previous record year of 25.1 GW in 2020.
January 25, 2022China’s carbon price may surge to 65 yuan per ton if government tighten benchmarks
The Chinese government is reportedly to consider a steeper cut in carbon quotas, which would result in a higher cost for small and inefficient coal power plants.
January 24, 2022Australia’s carbon credits price soar 20% as business bets on Labor
As Australia’s federal election approaches, companies are locking in supply of offset agreements several years in advance to prepare for the possibility of a Labor government requiring emission reductions, pushing the forward price of carbon credits to a
January 20, 2022India approves 200 million infusions in IREDA to boost renewable energy financing
On January 19, India’s Cabinet Committee on Economic Affairs (CCEA) and the Union Cabinet decided in a meeting to approve a Rs 1,500 crore equity infusion in the Indian Renewable Energy Development Agency (IREDA) Limited.
January 20, 2022New CO2 conversion technology offers new route for carbon storage
As climate crisis worsens, reducing carbon dioxide emissions becomes the world’s primary task. Researchers at Royal Melbourne Institute of Technology, Australia, have developed a new method to instantly convert carbon dioxide into solid carbon that can be