News
Global
November 29, 2023
Virgin Atlantic’s first 100% SAF flight showcase the potential of low carbon options
A Virgin Atlantic passenger jet powered by 100% sustainable aviation fuel (SAF) successfully completed a London-to-New York jaunt on November 28 to showcase the potential of low-carbon options that make up a tiny fraction of the industry's fuel mix.
November 17, 2023EU to auction 244 million carbon permits from Jan-Aug 2024
European governments will auction 244 million EU carbon permits from January to August next year under the bloc's ETS, the European Commission announced on November 16.
November 17, 2023UK plans to introduce carbon border tax in 2026 following EU’s CBAM
In line with measures announced by the EU, the UK also plans to implement a carbon border tax starting from 2026.
November 10, 2023Apple says it does not pass on costs of carbon reduction to consumers
Apple does not charge more to account for its carbon reduction efforts in its consumer technology products, said Lisa Jackson, the vice president of Environment, Policy and Social Initiative.
November 03, 2023Barclays rebuilds carbon trading desk amid global net-zero push
Retreated from carbon trading for over a decade, Barclays Plc is trying to come back to market and appointed a veteran of Shell Plc, Oliver Morning, to run the operations, according to Bloomberg report.
November 03, 2023Orsted ditches US projects, casts shadow over industry outlook
Amid high interest rates, inflation and supply-chain woes, U.S. wind-energy sector facing a wave of impairments and forcing developer to cancel projects and casting doubts over the industry’s outlook.
October 31, 2023S&P says CCUS not making sufficient progress to achieve 2050 climate goals
According to an outlook report by S&P Global Commodity Insights, that the world is not making enough progress to achieve the necessary CO2 reductions by 2050 in the carbon capture, utilization, and storage (CCUS) market.
October 02, 2023EU launches transitional phase of CBAM, world's first carbon tariff
EU launched the first phase of the world's first system to impose CO2 emissions tariffs on imported steel, cement, and other goods as it tries to stop more polluting foreign products from impeding its green transition.
September 19, 2023Amazon makes first investment in DAC technology
Amazon announced that it will help fund the direct air capture technology by purchasing 250,000 tons of carbon removal over the next decade.
August 24, 2023U.S proposes tariffs on solar panels from Southeast Asia to punish China’s trade violations
Starting June 2024, the U.S. will impose a 254% tax on Chinese solar panel manufacturers in Southeast Asia, unless they can prove key components are not from China.