News
News / Region
Region
May 19, 2022
Japan to pilot first carbon trading market in September
Japan Exchange Group (JPX) is collaborating with Japan’s Ministry of Economy, Trade, and Industry (METI) to set up the country’s first exchange for carbon trading. The scheme is expected to start operating as a technical demonstration project in this Sept
May 18, 2022Microsoft pens largest-ever P-REC deal to fund solar project in DR Congo
After Microsoft’s inaugural purchase of Peace Renewable Energy Credits (P-RECs) in 2020, the tech giant signed another deal to acquire credits from solar facilities in Goma, Democratic Republic of the Congo (DRC).
May 18, 2022Indonesia, PNG restrictions may stifle carbon credit market
With two major carbon credit exporters in the Asia-Pacific—Indonesia and Papua New Guinea—declaring to cut back on generation, the fast-growing market is now facing challenges.
May 18, 2022Steel industry emissions to fall 30% by 2050: Woodmac
As more mills switch to less-polluting electric arc furnaces (EAF), carbon dioxide emissions from the world’s steel sector are expected to drop 30% by 2050 compared to last year, according to a study released on Tuesday by consultancy Wood Mackenzie.
May 17, 2022Australia’s hydrogen Guarantee of Origin Scheme enters trial phase
Australia’s Department of Industry, Science, Energy and Resources has developed the Guarantee of Origin (GO) scheme to verify hydrogen production emissions. The scheme has entered into its first trial phase, with 19 trial participants having signed up to
May 17, 2022Digital Realty contracts for 158 MW solar energy in California, Georgia
Data center operator Digital Realty announced last week that it has entered into two renewable power purchase agreements (PPAs) in California and Georgia for 158 MW of solar energy.
May 17, 2022Germany calls for a 60-euro minimum carbon price in Europe
As Brussels continues talks on an amendment to the EU’s Emission Trading Scheme (ETS) directive, Germany is pushing for a minimum price of 60 euros per tonne of carbon dioxide, claiming that if the EU does not act, it will do so through national measures,
May 16, 2022BMW’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