News
Asia Pacific
March 02, 2022
Bitcoin mining’s carbon emission jumped 17% after moving out of China
Bitcoin mining’s carbon emissions have increased after moving from China to the United States and other countries, according to a team of academics from the Netherlands, Switzerland, and Germany.
March 01, 2022I-RECs demand surges amid tightening of carbon credit rules
The I-REC Standard, according to S&P Global Platts, is fast spreading over the world, with a presence in more than 30 countries, indicating increased demand for sustainable products in emerging markets.
February 25, 2022Asia sees a threefold surge in renewable energy transaction
In 2021, transaction value for renewable energy assets in Asia increased more than threefold to US$13.6 billion, with transaction volume surging to 75, up 53% year over year, according to Enerdatics, a Bangalore-based research company. Large business merg
February 25, 2022Tencent 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.