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Global
March 10, 2022
Global carbon emissions rebounded to record high in 2021 amid economic recovery
After the world recovered from the Covid-19 pandemic with significant reliance on fossil fuels, carbon emissions surged to their greatest levels in history in 2021, with energy related emissions increasing 6% to 36.3 gigatonnes, according to a new report
March 09, 2022SBTi shuts door on carbon target validation for fossil fuel firms and suppliers
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action, has made change to its criteria and will no longer accept pledges or validate targets from fossil fuel companies.
March 09, 2022Carbon credits market to worth trillions within two decades
As governments set up environment pledges, most enterprises around the world are required to attain net zero emissions by 2050. The carbon credit market thus has the potential to explode. The total amount of carbon credits traded last year was over US$1 b
March 04, 2022AWS launches carbon footprint tool as Big Techs race to green cloud computing
Amazon Web Service (AWS), a cloud computing platform provided by e-commerce giant Amazon, has launched a free tool for customers to track their cloud consumption’s carbon footprint and to compare it to the estimated footprint of an on-premise data center.
March 03, 2022Brazilian steelmaker Usiminas signs solar PPA with Canadian Solar
Brazil’s largest steelmaker Usinas Siderurgicas de Minas Gerais (Usiminas) has signed a power purchase agreement (PPA) with Canadian Solar for 50% of 381 MW Morada do Sol solar farm’s total energy production.
March 03, 2022Cambridge researchers develop energy-efficient way to convert CO2 into clean fuel
Researchers from the University of Cambridge have developed a method for converting carbon dioxide into clean, sustainable fuels without producing any undesired by-products or waste.
March 02, 2022European carbon permits suffer biggest one-day fall amid Russia-Ukraine conflicts
The benchmark European carbon price plummeted 16.25% on Tuesday, closing at 68.85 euros. The price is now down more than 28% since Russia's invasion of Ukraine, with the price decoupling from the energy markets it normally monitors due to profit-taking an
February 25, 2022Carbon Trust rolls out new net zero certification scheme for businesses
UK-based organization Carbon Trust launched on Tuesday a new certification scheme designed to certify businesses' net zero goals and strategies.
February 24, 2022Sify inks 231 MW solar and wind PPA to power hyper-scale data centers
Sify Technologies, a Chennai-based internet service provider (ISP), has signed a power purchase agreement (PPA) with Vibrant Energy Holdings, a majority-owned subsidiary of Blue Leaf Energy Asia Pte Ltd, for 231 MW of solar and wind energy to power Sify's
February 24, 2022Global energy sector emits 70% more methane than they report: IEA
The International Energy Agency (IEA) published on Wednesday its 2022 Global Methane Tracker report, indicating that methane emissions from the global energy sector are 70% higher than official figures, with the coal sector identified as the largest singl