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March 09, 2022
SBTi 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 08, 2022Saudi Arabia awards two renewable projects, a step closer to Saudi Vision 2030
Saudi Arabia’s energy ministry announced on Monday that the government had awarded Ar Rass and Saad renewable energy projects with a total capacity of 1,000 megawatts.
March 07, 2022IFM, QIC strike PPA with Origin Energy to green Autralia’s critical infrastructure
IFM Investors and Queensland Investment Corporation (QIC), two of Australia's largest infrastructure fund managers, have collaborated on a new renewable energy program to help reduce electricity costs and greenhouse gas emissions at key Australian airport
March 07, 2022UK’s new low carbon cements can cut carbon emissions by 4m tonnes per year
New low-carbon cements with up to 60% lower embodied CO2 emissions than Portland cement, the current market leader in the UK, have been created and tested thanks to Industrial Energy Efficiency Accelerator, a UK government-backed research program.
March 04, 2022Tunisia teams up with 3 foreign firms for 500 MW clean electricity project
Three international businesses have been granted licenses to produce 500 MW of renewable energy in Tunisia, a government official said on Wednesday.
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 04, 2022Australian carbon prices crash below AU$50 amid global market uncertainty
As uncertainty grips global energy markets, Australian Carbon Credit Units have seen their first continuous drop in value in over a year, with the price ending on Thursday at AU$46.75 per tonne, down nearly 20% from the all-time highs achieved in January.
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, 2022Sanza Energy launches Spain’s first online platform for commercializing PPAs
Sanza Energy, Spain’s first digital platform for commercializing power purchase agreement (PPA), has come into operation in February. The platform is designed to simplify the process of acquiring and selling energy while stimulate the development of new r