News
Energy, Transport & Building
April 19, 2023
Finnish startup turns CO2 into carbon-negative concrete blocks that can trap emissions
Carbonaide, a spin-out from VTT Technical Research Centre of Finland, has come up with a solution to reduce carbon footprint by transforming CO2 into carbon-negative concrete blocks that eventually become a carbon sink, or an object that is able to absorb
April 18, 2023European wind PPA prices rise 35% over last six months while solar prices drop
European wind prices have continued to rise by 35% over the last six months, as project developers face permitting barriers and rising costs that have pushed up prices, according to LevelTen Energy's Q1 PPA Price Index.
April 13, 2023European aviation warns of €800bn bill to reach net zero
The European aviation industry faces more than 800 billion euros in extra costs to reach net zero emissions by 2050 to limit climate change, according to an industry-commissioned report that highlights the challenge facing the sector as it decarbonises.
April 12, 2023‘Entering the clean power era’: Global wind, solar reached record levels in 2022
Wind and solar reached a record 12% of global electricity generation in 2022, up from 10% in 2021, according to the latest Global Electricity Review released Wednesday by energy think tank Ember.
April 07, 2023Large corporations fund their own carbon credit projects
A number of big companies decided to create in-house carbon credits despite criticisms against offsets.
March 30, 2023Iberdrola, Amazon to co-develop large-scale wind, solar power
Spanish utility Iberdrola and Amazon have signed a PPA to develop large-scale renewable projects in collaboration.
March 28, 2023China to launch rural pilot scheme for renewables
China is moving forward with plans to accelerate the already rapid deployment of renewable energy by developing clean energy in rural areas under a new action plan unveiled by authorities on March 23.
March 27, 2023New Zealand's carbon allowance unit prices plunge to 18-month low
Prices of New Zealand Units, or NZUs, the country's emission trading carbon allowance unit, dropped to 18-month lows March 24 after a short-lived jump from a failed auction on March 15.
March 23, 2023Global renewables capacity additions increased by 10% last year: IRENA
The International Renewable Energy Agency (IRENA) reported on Tuesday that renewable energy capacity worldwide grew by 9.6% last year. Despite this impressive growth, IRENA warned that the rate of expansion must triple to limit global warming.
March 22, 2023South Korea lowers 2030 industrial emissions reduction targets
South Korea on Tuesday revised down its 2030 greenhouse gas emissions reduction targets for the industrial sector, but kept its commitment to reducing carbon emissions by 40% of 2018 levels in what it called a reasonable adjustment.