News

Demand for Brazilian international renewable energy certificates (I-RECs) rose to 13.96 TWh in the first quarter from 8.5 TWh a year earlier, making Brazil the largest global market.

The European Parliament approved on April 18 as many as three pieces of legislation from its landmark Fit for 55 package, which aims to reduce greenhouse gas emissions by 55% by 2030.

The UK government is seeking views on a major reform to the flagship renewables contracts for difference (CfD) scheme that could help drive further investment in renewable energy deployment and improve energy security.

Carbonaide, a spin-out from VTT Technical Research Centre of Finland, has come up with a solution to reduce carbon footprint by transforming CO2 into carbon-negative concrete blocks that eventually become a carbon sink, or an object that is able to absorb

The European aviation industry faces more than ‎800 billion euros in extra costs to reach net zero emissions by 2050 to limit climate change, according to an industry-commissioned report that highlights the challenge facing the sector as it decarbonises.

India plans to achieve 500 GW of installed renewable capacity by 2030 by adding 250 GW of renewable energy capacity in the next five years, the Ministry of New and Renewable Energy (MNRE) said on April 5.

China is moving forward with plans to accelerate the already rapid deployment of renewable energy by developing clean energy in rural areas under a new action plan unveiled by authorities on March 23.

Prices of New Zealand Units, or NZUs, the country's emission trading carbon allowance unit, dropped to 18-month lows March 24 after a short-lived jump from a failed auction on March 15.

The International Renewable Energy Agency (IRENA) reported on Tuesday that renewable energy capacity worldwide grew by 9.6% last year. Despite this impressive growth, IRENA warned that the rate of expansion must triple to limit global warming.

South Korea on Tuesday revised down its 2030 greenhouse gas emissions reduction targets for the industrial sector, but kept its commitment to reducing carbon emissions by 40% of 2018 levels in what it called a reasonable adjustment.