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UK set to impose revenue cap on renewable energy generators
News

UK set to impose revenue cap on renewable energy generators

The UK government has announced to introduce the ‘Cost-Plus Revenue Limit,’ a temporary cap on renewable energy companies’ revenue, to curb the impact of soaring wholesale power prices.
October 12, 2022
BNEF: Renewables investment must quadruple by 2030
News

BNEF: Renewables investment must quadruple by 2030

To reach net-zero emissions by 2050 and limit global warming to 1.5C temperature, investment in renewable energy sources needs to exceed finance flows to fossil fuels by a factor of four over the next decade, according to a report published by BloombergNE
October 07, 2022
Germany added 803 MW of solar, wind in August
News

Germany added 803 MW of solar, wind in August

Germany commissioned 561.35 MW of solar power plants and a 152.11 MW of onshore wind farms in August, according to the latest figures from the Federal Network Agency.
October 05, 2022
Wood Mackenzie: Decarbonizing iron and steel industry requires $1.4 trillion investment
News

Wood Mackenzie: Decarbonizing iron and steel industry requires $1.4 trillion investment

Decarbonizing the iron and steel industry requires $1.4 trillion of investment, of which $250 billion is for carbon credits, according to Wood Mackenzie’s latest report, Pedal to the Metal: Iron and steel’s $1.4 trillion shot at decarbonization.
October 05, 2022
Queensland’s Kaban wind farm connects to SuperGrid
News

Queensland’s Kaban wind farm connects to SuperGrid

The 157-MW Kaban wind farm in Queensland’s Far North region has officially connected to the state’s new SuperGrid.
October 04, 2022
Malaysia to become major carbon market in Asia: McKinsey
News

Malaysia to become major carbon market in Asia: McKinsey

Malaysia is poised to become one of Asia's leading carbon markets, according to global consulting giant McKinsey & Co.
October 03, 2022
Lifecycle emissions from cars nearly carbon-heavy per euro as oil firms
News

Lifecycle emissions from cars nearly carbon-heavy per euro as oil firms

A study by environmental NGO Transport & Environment shows that lifetime carbon emissions of a car are so high that investing in carmakers funds almost as much as carbon dioxide per euro as investing in an oil company.
September 30, 2022
Queensland to shut coal plants by 2035
News

Queensland to shut coal plants by 2035

Queensland, one of Australia's biggest coal-producing states, announced on Sep. 28 an A$ 62 billion ($40 billion) clean energy plan to end its reliance on fossil fuels and convert its coal-fired power stations to renewable hubs by 2035.
September 29, 2022
ESG investors consider measuring Scope 4 emissions
News

ESG investors consider measuring Scope 4 emissions

Amid global race to net-zero emissions, Environmental, Social, and Governmental (ESG) investors are now considering how Scope 4 emissions can be integrated into their portfolio analysis.
September 28, 2022
Low-carbon rice production could help Vietnam meet 2030 emission target
News

Low-carbon rice production could help Vietnam meet 2030 emission target

According to a new World Bank report, low-carbon rice production offers great potential for Vietnam to achieve its target of reducing methane emissions by 30% by 2030 while improving the competitiveness of a strategic export product.
September 26, 2022
Iron ore giant Fortescue pledges to go green by 2030
News

Iron ore giant Fortescue pledges to go green by 2030

Australian resource giant Fortescue Metals Group, one of the world’s biggest iron ore producers, has unveiled a $6.2 billion plan to transition to renewable energy by 2030. Its billionaire owner Andrew Forrest has urged other heavy industries to follow su
September 23, 2022
New KARB ETF opens door to global compliance carbon markets
News

New KARB ETF opens door to global compliance carbon markets

Carbon Fund Advisors Inc has launched the Carbon Strategy ETF (KARB) on the NYSE to provide investors with exposure to carbon markets.
September 22, 2022
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