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June 16, 2022
NZ carbon prices rise on strong demand at auction
The New Zealand Government held on Wednesday its second carbon allowance auction for the year, auctioning 4.825 million tonnes of carbon credits on the NZX-EEX platform. Due to the strong demand, the prices went up to 76 New Zealand dollars per tonne, up
June 15, 2022Microsoft inks 100 MW solar power deal in India
Microsoft, the world’s largest technology company, has inked a long-term power purchase agreement (PPA) with Amplus Solar, a subsidiary of Malaysian oil and gas corporation Petronas.
June 15, 2022France urges EU to strengthen means against carbon price volatility
After the European Parliament voted down the key parts of carbon market reform, France, the holder of the EU rotating presidency, plans to ask the bloc to enhance a mechanism to prevent excessive carbon price spikes as part of the most comprehensive refor
June 15, 2022UN campaign ‘Race to Zero’ toughens up membership criteria
United Nations-backed campaign ‘Race to Zero’ on Wednesday unveiled a tighter set of baseline criteria for the growing number of firms pledging to reducing greenhouse gas emissions.
June 14, 2022Better Energy pens 10-year solar PPA with Telenor, Telia
Better Energy, a Danish renewable energy developer, has signed a ten-year power purchase agreement (PPA) with Telenor and Telia in Denmark. Under the deal, Better Energy will oversee the construction of a solar park, which is scheduled to be completed and
June 14, 2022Delayed hydrogen development may impede net zero goals: DNV
Green hydrogen, generated by renewable energy or from low-carbon power, is critical for reducing emissions, but it will only account for 5% of the global final energy mix by 2050, falling short of what is required to reach climate targets, global energy c
June 13, 2022Walmart invests in renewable energy to decarbonize its fleet
US retail giant Walmart announced last week that it is testing three types of renewable energy to power its fleet, aiming to save energy and lower emissions.
June 13, 2022European lawmakers reject EU ETS reform but vote to ban diesel cars
Members of the European Parliament (EP) last week rejected proposals to include marine and road transport in the EU Emissions Trading Scheme (ETS). On the other hand, a proposal to expand its carbon market to all departing flights was approved.
June 13, 2022Net zero pledges gain momentum globally but credibility remains in doubt
More than a third of the world’s largest publicly traded corporations have set net zero goals, up from one-fifth in December 2020, according to Net Zero Tracker effort, a global research consortium.
June 10, 2022India eases open access rules in a bid to promote clean energy
To promote renewable generation, purchase and consumption, India’s federal government this week notified the Green Open Access Rules for further easing the access rules for green energy.