News
Energy, Transport & Building
July 01, 2022
Mexico’s appetite for I-RECs grows rapidly amid policy uncertainty
International renewable energy certificates (I-RECs) issued in Mexico have seen a significant increase in demand this year, as foreign corporations attempt to decrease their carbon footprints and policy uncertainty drives generators to seek additional rev
July 01, 2022Gabon to issue world’s largest volume of carbon credits
Gabon, a country located on the west coast of Africa, is planning the world’s biggest carbon credits issuance ever, involving 187 million carbon credits with almost half of them to be sold on the offsets market.
June 30, 2022Meridian Group buys RECs for its entire DC portfolio
US real estate management company Meridian Group announced this week that it has entered into a contract with energy company Constellation to purchase renewable energy certificates (RECs) for nearly its entire portfolio in the Washington, D.C., area.
June 29, 2022NATO pledges to cut emissions by 45% by 2030, be carbon neutral by 2050
North Atlantic Treaty Organization (NATO) unveiled on Tuesday its first emissions targets, aiming to reduce civilian and military greenhouse gas emissions by at least 45% by 2030 and become carbon neutral by 2050.
June 29, 2022India lacks penalty enforcement to stimulate voluntary REC purchases
Despite a major legislative push for renewable energy, voluntary purchasers of renewable energy certificates (REC) are still insignificant in India, consulting firm Intellecap said in its report.
June 28, 2022UK government handed airlines with 4.4 million free carbon allowances
In 2021, the UK Government provided airlines with free carbon permits worth of roughly 242 million pounds (US$297 million), enough for the entire industry to avoid a carbon emission cap and trade regime, according to research released by Transport & Envir
June 28, 2022EU states agree on higher targets and faster permitting for renewables
The EU Energy Ministers have reached an agreement on Monday on revisions to the Renewable Energy Directive (RED) and the Energy Efficiency Directive (EED), aiming to accelerate renewable energy deployment and facilitate permission process for renewable pl
June 27, 2022Singapore receives its first renewable energy import from Laos
Singapore has started importing renewable energy from Laos via Thailand and Malaysia under the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP), marking the first multilateral cross-border electricity trading involving four ASEAN n
June 27, 2022Indonesia to defer carbon tax implementation amid global economic uncertainty
Indonesia’s carbon tax scheme, which was set to go into force in July, could be postponed due to global economic volatility and to give authorities time to prepare, according to a government official.
June 27, 2022Denmark to cut electricity tax to ease energy burdens
In an attempt to compensate citizens for growing energy prices, Denmark will temporarily lower electricity taxes in the fourth quarter of this year, according to a cross-party agreement posted on the Ministry of Finance’s website.