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Global
May 16, 2022
BMW’s new Hungarian plant to be world’s first fossil-free car factory
German carmaker BMW plans to run its new factory in Debrecen, Hungary, fully on renewable electricity, completely dispensing with fossil fuel, the company’ chief executive Oliver Zipse said on the Annual General Meeting on Wednesday.
May 16, 2022US lawmakers mull import fee for carbon-intensive products
The two parties of the US Congress are currently discussing a potential bipartisan energy and climate bill, including the possibility of imposing a levy on carbon-intensive products entering the country, according to local media.
May 16, 2022Companies committed to SBTi targets represent $38 trillion economy
A record number of firms are committing to and adopting science-based climate targets, according to a recent report released by the Science-Based Objectives Initiative (SBTi), the global organization that encourages firms to set science-based emissions re
May 13, 2022EU lawmakers back market restrictions to curb speculation
Senior members of the European Parliament’s environment committee have reached initial agreement on a plan to restrict market speculators’ access to the European carbon market, as well as to tighten the carbon market by pushing for a 67% cut in emissions
May 12, 2022The world saw 295 GW of renewable capacity addition in 2021
Despite several headwinds for the renewable energy market caused by the pandemic, such as supply chain bottlenecks, material price hikes, and construction delays, the world added a record amount of new solar, wind, and other renewable capacity last year,
May 12, 2022Meta secures 112 MW US wind PPA with Liberty
Liberty announced on Wednesday a new power purchase agreement (PPA) signed with Meta, formerly known as Facebook. The energy company will provide Meta with wind energy generated from the new 112-MW Deerfield II wind project in the Great Lakes State.
May 11, 2022Visa teams up with banks to facilitate carbon credit transaction
The global payments technology company Visa, together with Carbonplace, a carbon credit settlement platform, has developed a carbon credit system and has conducted a successful pilot transfer.
May 11, 2022Atmospheric carbon levels hit all-time high in human history
Levels of carbon dioxide in the atmosphere reach the highest on record for any calendar month during April, according to the Scripps Institution of Oceanography’s data.
May 10, 2022EU seeks one-year limit for renewable energy permission process
The European Commission aims to accelerate the bloc’s green transition and to wean itself off Russian resources by allowing some renewable energy projects to acquire permits within a year, Reuters reported on Monday, quoting a draft document.
May 10, 2022European carbon prices plummet 5% after challenging recent high
The global recession fears have spread to the European carbon market and led to a 5% decline in prices although there are no new dangers of an escalation in the Ukraine war or the impasse between the European Union and Russia over its fossil fuels.