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April 26, 2022
UK carbon market covered 107 million tonnes of carbon dioxide in 2021
Carbon dioxide emissions covered by the UK’s emissions trading scheme (ETS) in the first year of operation in 2021 were 107.8 million tonnes, according to the UK ETS Authority.
April 25, 2022EDP Renewables inks 60-MW solar PPA with US pharma company
EDP Renewables, through its subsidiary EDP Renewables North America, has signed a 15-year power purchase agreement (PPA) with American pharmaceutical company Bristol Myers Squibb for 60 MW renewable energy from the 240-MW Cattlemen Solar Park in Milam Cou
April 25, 2022US government eyes 29 GW renewable energy expansion on public lands by 2025
The US Bureau of Land Management (BLM) has announced that it aims to approve the construction of 39 utility-scale solar projects totaling more than 29 GW of plant capacity on federal public lands in six western states through third quarter of 2025.
April 25, 2022Shell plans to retire 120 million tonnes of carbon credits by 2030
Shell aims to retire 120 million tonnes carbon dioxide equivalent of carbon credits in 2030, roughly 20 times the amount it did in the coronavirus pandemic-affected year of 2021.
April 22, 2022Portugal simplifies permission process for renewable energy projects
The Portuguese government has promulgated a new decree on Monday, adopting exceptional measures to simplify permission procedure for renewable energy projects. The new rules are immediately effective for a period of two years.
April 22, 2022Denmark proposes standard carbon tax for businesses
The government of Denmark unveiled on Wednesday a standard carbon tax for businesses as a method to meet the country’s climate goal.
April 22, 2022Tesla earns US$679 million from sales of carbon credits in first quarter
Tesla reported on Wednesday its first-quarter earnings, beating analysts’ expectations by selling more than twice as many carbon credits as in preceding quarters. Throughout the years, Tesla's revenues have been fueled by credit sales.
April 21, 2022Renewable market size to hit $1,998.03 billion by 2030 with Asia Pacific leading the way
As worries about climate change and pollution levels continue to grow, the worldwide renewable energy market size is expected to value around US$1.9 trillion by 2030, with a compound annual growth rate of 8.6% from 2022 to 2030, according to Precedence Re
April 21, 2022ExxonMobil projects carbon capture market to be worth $4 trillion by 2050
Exxon Mobil predicts that by 2050, the market for carbon capture and sequestration will be worth US$4 trillion, according to a presentation given on Tuesday.
April 21, 2022EU carbon prices jumps 9% as the bloc moves closer to market reform
The benchmark European carbon contract soared to nearly an eight-week high following news of potential European Union market reform, and technical purchasing drove the contract through resistance levels of the past few weeks.