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Energy, Transport & Building

January 27, 2022

Latin America sees surging demand for I-RECs amid renewables expansion

In Latin America, high levels of renewable energy have raised demand for International Renewable Certificates (I-RECs), particularly in countries with substantial hydroelectric resources. These certificates are still in early stage in the area. However, t
January 27, 2022

Climate commitments at risk as global oil prices soar

British financial think tank Carbon Tracker released its new report on Thursday, writhing that, with global oil prices rising to US$90 per barrel, investors may be lured into long-term fossil fuel projects, destroying the world's hopes to limit carbon emi
January 26, 2022

Munich on track to decarbonize and achieve 100% renewables by 2025

Munich, Germany’s third largest city, is making significant progress in decarbonizing its power, with renewables expected to provide for 90% of the city's energy by 2022. The city estimates it is on track to meet its target of meeting all its energy deman
January 26, 2022

Offshore wind turbines could help realize carbon capture dreams

To mitigate climate change, research teams and tech start-ups are developing direct air capture devices, which can collect carbon dioxide from the atmosphere directly. Although the technology works, the early projects have been costly and energy consuming
January 25, 2022

Indonesia state utility steps up supply of renewable energy certificates

PT Perusahaan Listrik Negara (PT PLN), Indonesia’s state-owned electricity company, and PT MAS Sumbiri, a multinational firm engaged in the production of clothes, have signed a contract for the purchase of Renewable Energy Certificates (REC), demonstratin
January 25, 2022

China’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, 2022

Better Energy inks solar PPA with 12 firms in Denmark

Better Energy, a Danish developer, has signed a power purchase agreement with a group of 12 companies who have formed a partnership with Energi Danmark. The deal will allow Better Energy to build a solar park in Denmark.
January 24, 2022

Australia’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, 2022

India 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, 2022

Axpo signs 300MWp solar power supply contract with R.power Group

Axpo, Switzerland's largest producer of renewable energy, has inked a Power Purchase Agreement (PPA) with Polish solar developer R.Power Group for the distribution of electricity produced by a 300 MWp array of solar power plants in Poland.
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