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January 24, 2022
Australia’s carbon credits price soar 20% as business bets on Labor
As Australia’s federal election approaches, companies are locking in supply of offset agreements several years in advance to prepare for the possibility of a Labor government requiring emission reductions, pushing the forward price of carbon credits to a
January 21, 2022Verizon signs seven virtual PPA for 910 MW of new renewables
On January 20, US telecom provider Verizon announced seven new renewable energy purchase agreements for an aggregate of approximately 910 MW of renewable energy capacity. The deals are expected to finance the powering of seven solar and wind facilities un
January 21, 2022ADGM becomes world’s first ‘carbon neutral’ international financial center
The Abu Dhabi Global Market (ADGM) announced on Wednesday that it had achieved carbon-neutrality status by offsetting its 2021 carbon emissions. It is reportedly the world's first carbon-neutral international financial center.
January 21, 2022Singapore plans to increase carbon tax in 2022 budget
Singapore's Finance Minister Lawrence Wong has said in parliamentary interpellation that the government plans to raise the carbon tax in its 2022 Budget.
January 20, 2022India approves 200 million infusions in IREDA to boost renewable energy financing
On January 19, India’s Cabinet Committee on Economic Affairs (CCEA) and the Union Cabinet decided in a meeting to approve a Rs 1,500 crore equity infusion in the Indian Renewable Energy Development Agency (IREDA) Limited.
January 20, 2022Axpo signs 300MWp solar power supply contract with R.power Group
Axpo, Switzerland's largest producer of renewable energy, has inked a Power Purchase Agreement (PPA) with Polish solar developer R.Power Group for the distribution of electricity produced by a 300 MWp array of solar power plants in Poland.
January 20, 2022New CO2 conversion technology offers new route for carbon storage
As climate crisis worsens, reducing carbon dioxide emissions becomes the world’s primary task. Researchers at Royal Melbourne Institute of Technology, Australia, have developed a new method to instantly convert carbon dioxide into solid carbon that can be
January 19, 2022EU to adopt new calculating rules for renewable cooling
Last December, the European Commission (EC) released new criteria for calculating the amount of renewable cooling and district cooling that can be used to meet the EU's renewable energy targets.
January 19, 2022Exxon aims for net-zero emission by 2050 amid industry’s race to carbon reduction
Exxon Mobil Corp, the American oil and gas giant, announced on Tuesday its ambition to reach net-zero emission from its global operations by 2050, catching up with competitors that are reducing their carbon footprints.
January 19, 2022Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,