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Global
June 14, 2022
Better 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 09, 2022Finland sets world’s most ambitious climate pledge in law
Finland’s parliament last week passed a new Climate Change Act, promising to reach net-zero emissions by 2035 and negative emissions by 2040. The timeline is much ahead than other countries, and the law makes Finland the world’s first country to create a
June 08, 2022Austria mulls deferring carbon tax as inflation concerns grip market
Due to rising energy prices and public criticism, the Austrian government is considering delaying the implementation of carbon tax until October, reported Euractiv.
June 06, 2022Atmospheric carbon levels peak at level not seen for 4 million years
Carbon dioxide in the atmosphere peaked more than 50% higher than pre-industrial levels in May, comparable to levels observed around 4 million years ago, according to the National Oceanic and Atmospheric Administration (NOAA).
June 06, 2022UK, Denmark on track to meet climate pledge while Southeast Asia lags
Denmark and the United Kingdom are among “a handful of countries” on track to achieve net-zero emissions by 2050, while South Asian and Southeast Asian countries like Bangladesh, Vietnam, Myanmar, and India lag, according to the Environmental Performance
June 02, 2022US Navy aims for 100% carbon-free energy by 2030
The United States Navy plans to get 100% of its electrical power needs from carbon-free sources by 2030, with at least 50% coming from local power generation and on-base generation.