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December 19, 2022
EU November PPA signings top the year, monthly prices up 7.4%
Pexapark, a Swiss renewable energy investment and consulting firm, said in a recent report on European PPAs that renewables “are the absolute winners of 2022 and the years to come in an environment of crisis and difficulties.”
December 16, 2022New Zealand’s new carbon price settings lag behind climate body recommendations
The New Zealand government raised the country's 2023 Emissions Trading Scheme (ETS) carbon allowance price and volume settings on December 15 to levels significantly below those advised by its national climate body.
December 15, 2022Procurement difficulties may delay Taiwan's 2025 renewable energy goals
Taiwanese companies are struggling to source renewable energy domestically due to shortfalls in supply and access to the grid, which may hinder its efforts to achieve its 2025 renewable energy goals, the global initiative RE100 said in a report.
December 14, 2022EU strikes deal to tax carbon on imports
The European Union took a step forward to imposing a carbon tax on imports of energy-intensive goods such as steel and cement after striking a deal with EU members on Tuesday.
December 13, 2022Stellantis inks second largest corporate PPA ever for 400 MW of solar
Automaker Stellantis signed the second largest corporate power purchase agreement on record today to procure 400 MW of new solar development in Michigan under DTE Energy’s MIGreenPower program.
December 12, 2022Bursa Malaysia launches first Shariah-compliant carbon trading platform
Bursa Malaysia launched the country’s first voluntary carbon market (VCM) on December 9, with the first carbon credit auction to take place next March.
December 09, 2022Philippines greenlights foreign investors full ownership of renewables
The Philippines now allows for 100% foreign ownership of renewable energy projects for the first time following its signing of a circular amending the implementing rules and regulations (IRR) of the Renewable Energy Act of 2008.
December 08, 2022Carbon footprints of Bitcoin mining surge 126-fold in five years
Emissions from mining cryptocurrencies have skyrocketed, researchers reported in Scientific Reports. The carbon footprint of mining one Bitcoin multiplied 126 times from 2016 to 2021. In that window, Bitcoin mining caused an estimated $12 billion in globa
December 07, 2022IEA predicts renewables to dominate electricity generation by 2025
Global renewable energy capacity will soar by around 75% in the next five years, according to the International Energy Agency (IEA) on Tuesday, citing energy security concerns as a key reason.
December 06, 2022Qatar World Cup criticized for its gigantic carbon footprint
The FIFA 2022 World Cup is currently underway in Qatar, a small desert nation with the highest carbon emissions per capita in the world and generates most of its revenue from the extraction and sale of oil.