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Global
February 19, 2024
Oxford 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.
February 05, 2024Sustainable fuel supply shortage poses a challenge to the aviation industry's net-zero ambitions
Decarbonization is considered the biggest challenge to the sustainable development of the aviation industry. Unexpectedly, the supply of Sustainable Aviation Fuel (SAF) is below expectations, causing anxiety among airline executives.
February 02, 2024MIT team proposes new method for carbon capture from oceans
Massachusetts Institute of Technology (MIT) research team has presented a new carbon capture solution focusing on removing carbon dioxide (CO2) from the oceans worldwide.
January 31, 2024Electricity demand from data centers, AI seen doubling by 2026
According to the latest report from IEA, global electricity demand from data centers, cryptocurrencies and artificial intelligence could more than double over the next three years, equivalent to Germany’s entire power needs.
January 25, 2024Analysts lowered EU carbon price forecasts due to weak power sector demand
Analysts have cut price forecasts for European Union carbon permits for 2024 to 2026, predicting that weak demand from power plants and sluggish industrial demand will impact the market.
January 25, 2024SolarEdge slashes 900 jobs amid plunging demand
Israeli solar inverter manufacturer SolarEdge Technologies announced a strategic organizational adjustment aimed at reducing their operational costs. The company plans to implement global workforce reduction of 900 employees, equivalent to 16% of its tota
January 24, 2024Offshore wind to power Google’s latest $1 billion data center
Google has started building a $1 billion data center in north of London that will be powered by Scottish offshore wind. The data center will be located on a 33-acre site that the global tech giant purchased in the town of Waltham Cross in Hertfordshire.