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July 16, 2024
Carbon capture startup raises $37 million to turn CO2 into rock
Carbon capture technology is advancing rapidly and continues to attract significant investment from venture capital firms. Oman-based startup 44.01, which is developing a method to inject carbon dioxide into rocks, announced on the 15th that it has comple
July 16, 2024Thailand to open DPPA to attract data center investment
To attract foreign investment, particularly from data centers, the Thai government intends to open up Direct Power Purchase Agreements (DPPA), allowing businesses to directly purchase green electricity from power generators.
July 16, 2024Shipping industry struggles with decarbonization amid green fuel supply, policy challenges
The shipping industry is facing immense pressure to reduce emissions due to underdeveloped decarbonization technologies and tightening carbon tax policies. Major players like Maersk and Taiwan’s top shipping companies—Evergreen, Wan Hai, and Yang Ming—are
July 10, 2024Google bets on carbon removal amid AI-driven emission surge
Google's previously acclaimed operational carbon neutrality was disrupted last year. Instead of relying on carbon offset, Google is now focusing on developing carbon removal technologies to compensate for the remaining emissions they can't reduce.
July 09, 2024Johor Plantation Group to raise $156 million in IPO to fund green initiatives
Johor Plantation Group (JPG), a Malaysian palm oil manufacturer, officially listed on Bursa Malaysia on July 9. The IPO is expected to raise MYR 735 million (about USD 156 million), which will be used for green production and reforestation.
June 28, 2024Jurisdictional REDD+: A new frontier in carbon credit market
The acquisition methods for carbon credits are complex and varied. Now, a newer category, "Jurisdictional REDD+" (JREDD+), has emerged, potentially increasing market demand by six times and prices by up to fourfold compared to traditional REDD+.
June 26, 2024Philippines overtakes Vietnam, Indonesia in renewable energy investments: Progress at a glance
The Philippines government has clear policies for attracting investment in renewable energy, with a current prospective utility scale of 99 GW in wind and solar projects. However, the Philippines will need to overcome a series of challenges in its future
June 25, 2024Singtel expands internal carbon pricing policy to drive down emissions
Singapore's Singtel has announced the expansion of its internal carbon pricing policy. Going forward, any project with total carbon emissions exceeding 100 tons will be subject to a carbon price of SGD 50 per ton (about USD 37).
June 20, 2024Johor requires green energy for data centers to tackle power and water challenges
To meet the demands of cloud computing and artificial intelligence (AI), investments in data centers in Malaysia have surged. However, this has raised concerns about the shortage of power and water in Selangor, Johor.
June 19, 2024Over 800 coal plants in emerging markets can transition to renewables profitably, IEEFA finds
The U.S. think tank IEEFA's new report indicates that more than 800 coal-fired power plants in emerging markets could transition to renewable energy profitably, creating more investment opportunities for the decarbonization of the energy industry.