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January 03, 2023
Brussels plans energy market reform to curb renewables cost
Brussels plans to overhaul the bloc’s electricity market to prioritise cheaper renewable energy, European Union’s energy commissioner Kadri Simson has said, despite industry warnings that the reforms could smother investment in wind and solar projects.
December 12, 2022Bursa Malaysia launches first Shariah-compliant carbon trading platform
Bursa Malaysia launched the country’s first voluntary carbon market (VCM) on December 9, with the first carbon credit auction to take place next March.
December 08, 2022Carbon footprints of Bitcoin mining surge 126-fold in five years
Emissions from mining cryptocurrencies have skyrocketed, researchers reported in Scientific Reports. The carbon footprint of mining one Bitcoin multiplied 126 times from 2016 to 2021. In that window, Bitcoin mining caused an estimated $12 billion in globa
November 28, 2022Hong Kong’s new carbon marketplace completes 40 trades
The Hong Kong stock exchange has carried out the first batch of carbon credit trades on its new voluntary carbon market in the first four weeks since launch, joining a handful of Asian exchanges in tapping opportunities resulting from governments’ push to
November 08, 2022Analysts slash EU carbon price forecasts on weak economies, increased supply
Analysts have cut their average price forecasts for EU carbon permits for the next two years in the sign that weak economies will hit Europe and lead to lower industrial output, while the European Commission readies an increase in permit supply.
November 07, 2022Indonesia Stock Exchange signs MoU with green fintech to establish carbon trading platform
The Indonesia Stock Exchange (IDX) is set to work with MetaVerse Green Exchange (MVGX), a Singapore-based digital green exchange, to develop its first carbon credit trading platform in a bid to incentivize domestic high-emitting industries to reduce their
November 02, 2022Nearly all companies committed to net zero will fail goals without doubling pace of carbon reductions by 2030: Accenture
While more than 34% of the world’s largest companies are now committed to net zero goals, 93% will fail to meet their targets, if they don’t at least double the rate of emissions reduction by 2030, according to a new report from Accenture.
November 01, 2022Vietnam set to run PPA pilot scheme for renewable energy
Vietnam’s Ministry of Industry and Trade (MIOT) is planning a pilot scheme to open up Vietnam’s electricity market to bilateral power purchase agreements (PPAs), which would enable renewable energy generators to directly sell electricity to private off-ta
October 31, 2022Japan should raise minimum carbon price to $30/tonCO2 to accelerate renewables deployment
According to a new report from Carbon Tracker, ‘Put a Price on It,’ Japan must replace the current carbon price of $2.6/tonCO2 with a minimum price of at least $30/tonCO2 to prevent gas to coal switching and accelerate energy transition.
October 28, 2022Walmart suppliers team up to purchase renewable energy
Five Walmart suppliers joined forces to buy renewable energy from a Kansas wind farm, as part of the retailer’s plan to reduce 1 billion metric tons worth of emissions across its supply chain by 2030.