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May 03, 2022
European PPA prices surge 10% in first quarter as cost pressures build
According to the recent data from climate tech platform Zeigo, offer price in Europe’s power purchase agreement (PPA) markets grew by 10% to 15% depending on project location in the first quarter of 2022 as a result of growing commodity and raw material c
May 03, 20221.2 billion carbon credits surplus might flood market
A total surplus of 1.2 billion metric tons of carbon credits might flood the carbon market at short notice, according to an analyst from London-based Trove Research.
May 03, 2022EU emission allowances forecast to climb but uncertainty remains amid war
As high gas prices push electricity generators to use more coal-fired power, analysts have upped their European carbon market average price forecasts for 2024, but have cautioned that the Russia-Ukraine conflict might stifle industrial activity and decrea
April 27, 2022LG Chem signs Korea’s first long-term contract for renewable energy certificate
LG Chem announced on Sunday that it had signed a 20-year long-term purchase contract for renewable energy certificates (REC) at Samcheonpo Thermal Power Plant with Korea South-East Power to ensure a stable supply of renewable energy.
April 27, 2022Renewables to double by 2050, oil demand to peak before 2030, projects McKinsey
The energy transition is continuing, with renewable energy’s share of global power output predicted to double in the next 15 years, while total fossil fuel demand is expected to peak before 2030, according to McKinsey’s annual report.
April 27, 2022India plans to launch its own carbon trading market to finance energy transition
India, one of the world’s largest exporters of carbon credits, plans to launch its own uniform carbon market in a year as a major source of funding for energy transition and emission reduction projects.
April 26, 2022Europe’s renewable contract volume declines sharply in March
Pexapark, a Zurich-based renewable energy consultancy, has published its latest report, pointing out a significant drop in European PPA activity in March.
April 26, 2022OCBC to launch tokenized carbon credits for hard-to-abate sectors
The Oversea-Chinese Banking (OCBC) and the Metaverse Green Exchange (MVGX), a Singapore-based green digital asset marketplace, announced on Monday that they are joining forces to take climate action.
April 26, 2022UK carbon market covered 107 million tonnes of carbon dioxide in 2021
Carbon dioxide emissions covered by the UK’s emissions trading scheme (ETS) in the first year of operation in 2021 were 107.8 million tonnes, according to the UK ETS Authority.
April 25, 2022EDP Renewables inks 60-MW solar PPA with US pharma company
EDP Renewables, through its subsidiary EDP Renewables North America, has signed a 15-year power purchase agreement (PPA) with American pharmaceutical company Bristol Myers Squibb for 60 MW renewable energy from the 240-MW Cattlemen Solar Park in Milam Cou