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Basic Materials
March 18, 2022
Kingspan introduces first internal carbon fee towards net zero manufacturing goal
Kingspan, an Ireland-based building materials company, recently published its annual sustainability report, according to which the company will implement its first internal carbon fee next year, at a price of 70 euros per tonne of carbon dioxide equivalen
March 16, 2022EGA teams up with three partners to decarbonize aluminum production
Emirates Global Aluminium (EGA) is partnering with the Abu Dhabi National Energy Company (Taqa), the Emirates Water and Electricity Company (Ewec), and Dubal Holding to expand solar generation capacity in the UAE and decarbonize aluminum production.
March 07, 2022UK’s new low carbon cements can cut carbon emissions by 4m tonnes per year
New low-carbon cements with up to 60% lower embodied CO2 emissions than Portland cement, the current market leader in the UK, have been created and tested thanks to Industrial Energy Efficiency Accelerator, a UK government-backed research program.
March 03, 2022Brazilian steelmaker Usiminas signs solar PPA with Canadian Solar
Brazil’s largest steelmaker Usinas Siderurgicas de Minas Gerais (Usiminas) has signed a power purchase agreement (PPA) with Canadian Solar for 50% of 381 MW Morada do Sol solar farm’s total energy production.
February 21, 2022Singapore announces 500% rise in carbon tax from 2024
Singapore will raise its carbon tax by 500% to SG$25 per tonne in 2024, said Lawrence Wong, the city-state’s finance minister, as the government strives to achieve its net zero goal by 2050.
February 08, 2022EU carbon price hits record high, nearing 100 euros per tonne
On Friday, European Union's carbon permit price hit a new high, closing at above 96 euros, with analysts predicting that the landmark 100-euro mark will be reached soon.
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
January 19, 2022Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,
January 10, 2022UK firms facing 10% higher carbon price than EU rivals post Brexit
Since the UK government has refused a link between the UK Emissions Trading System (UK ETS) and the EU Emissions Trading System (EU ETS) after Brexit, British businesses are paying far more for their carbon dioxide production than their EU counterparts.