News
Global
March 20, 2024
CCS market size projected to grow by 104.5 million tons by 2027
Carbon Capture and Storage market is forecasted to increase by 104.5 million tons from 2023 to 2027. Additionally, the market is expected to grow at a CAGR of 22.91% during the forecast period.
March 14, 2024EU parliament backs tighter rules to tackle greenwashing
The European Parliament passed several green bills during the meeting on Mar. 12, including imposing severe penalties to company for greenwashing behavior and requiring member states to promote building renovations to improve energy efficiency.
March 13, 2024Court rules Danish Crown’s “climate-controlled pork” misleading consumers
Denmark’s high court has ruled that Danish Crown, Europe’s largest pork producer, deceived customers through its “climate-controlled pork” campaign, marks the first climate lawsuit in the country.
March 05, 2024BMW, MG adverts banned over greenwashing concerns
Corporations developing sustainable carbon reduction products also need to avoid getting caught up in greenwashing controversies. German car manufacturer BMW and the UK-based MG Motor (Morris Garages) were called out by UK regulatory authorities for alleg
March 04, 2024MWC: mobile network operators' carbon emissions down 6% with europe leads the reductions
Reducing carbon emissions is a challenge faced by every industry worldwide, including the mobile communications sector. The Global System for Mobile Communications Association (GSMA), organizer of the Mobile World Congress (MWC) in Barcelona, stated that
February 22, 2024Tesla achieves record breaking sales of $1.79 billion from carbon credits
Tesla earned $1.79 billion from carbon credit sales last year, as disclosed in its Q4 2023 and annual financial report, bringing its total earnings from such credits since 2009 to nearly $9 billion.
February 19, 2024Oxford study develop roadmap for advancing plastic circular economy
Researchers from the Oxford Martin Program on the Future of Plastics, University of Oxford, have introduced a blueprint to drive a plastic circular economy.
February 07, 2024Climate experts raise $12 million for the world’s first carbon credit insurance company
CarbonPool is set to be the first insurance company in the world with a carbon credit balance sheet. The firm announced the closure of a $12 million funding round on Jan. 29.
February 06, 2024Amazon joins Google in procuring offshore wind energy in Scotland
U.S. tech giant Amazon confirm PPA with ENGIE, procuring over half of the power available from Scotland’s Moray West offshore wind farm, securing its title as the world’s largest green energy buyer for the fourth consecutive year as of Jan. 30, 2024.
February 06, 2024Microsoft buys soil carbon storage credits from nature-based startup
Microsoft signed another carbon removal agreement to help accelerate its climate goals. The tech giant made a deal with Grassroots Carbon, a startup offering nature-based soil carbon storage solutions, for soil carbon removal drawdown credits.