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The world saw 295 GW of renewable capacity addition in 2021
News

The world saw 295 GW of renewable capacity addition in 2021

Despite several headwinds for the renewable energy market caused by the pandemic, such as supply chain bottlenecks, material price hikes, and construction delays, the world added a record amount of new solar, wind, and other renewable capacity last year,
May 12, 2022
Karnataka proposes solar RPO target of 11.5% for DISCOMS
News

Karnataka proposes solar RPO target of 11.5% for DISCOMS

The Karnataka Electricity Regulatory Commission (KERC) issued amendment to Karnataka Electricity Regulatory Commission (Procurement of Energy from Renewable Sources) Regulations, 2022, establishing the Renewable Purchase Obligation (RPO) target for fiscal
May 11, 2022
Atmospheric carbon levels hit all-time high in human history
News

Atmospheric carbon levels hit all-time high in human history

Levels of carbon dioxide in the atmosphere reach the highest on record for any calendar month during April, according to the Scripps Institution of Oceanography’s data.
May 11, 2022
Visa teams up with banks to facilitate carbon credit transaction
News

Visa teams up with banks to facilitate carbon credit transaction

The global payments technology company Visa, together with Carbonplace, a carbon credit settlement platform, has developed a carbon credit system and has conducted a successful pilot transfer.
May 11, 2022
European carbon prices plummet 5% after challenging recent high
News

European carbon prices plummet 5% after challenging recent high

The global recession fears have spread to the European carbon market and led to a 5% decline in prices although there are no new dangers of an escalation in the Ukraine war or the impasse between the European Union and Russia over its fossil fuels.
May 10, 2022
EU seeks one-year limit for renewable energy permission process
News

EU seeks one-year limit for renewable energy permission process

The European Commission aims to accelerate the bloc’s green transition and to wean itself off Russian resources by allowing some renewable energy projects to acquire permits within a year, Reuters reported on Monday, quoting a draft document.
May 10, 2022
Renewable energy certificate market to reach $103 billion by 2030
News

Renewable energy certificate market to reach $103 billion by 2030

The global renewable energy certificate market generated US$9.3 billion in 2020 and is predicted to reach US$103.2 billion by 2030, with a compound annual growth rate of 27.2% from 2021 to 2030, according to a recent report published by Allied Market Rese
May 10, 2022
Singapore carbon exchange to launch carbon offset futures trading
News

Singapore carbon exchange to launch carbon offset futures trading

To meet the growing demand from businesses to hedge their risks from greenhouse gas emissions, AirCarbon, a Singaporean carbon exchange, is collaborating with Germany’s main bourse, Deutsche Boerse AG, to create futures trading for carbon offsets as early
May 09, 2022
China’s farmers can now earn money with ‘carbon tickets’
News

China’s farmers can now earn money with ‘carbon tickets’

China launched the country’s first carbon emission trading platform for agriculture sector on May 5 as part of the government’s efforts to hit carbon emission peak before 2030 and achieve carbon neutrality by 2060.
May 09, 2022
AES, Amazon ink PPAs for 450 MW solar, 225 MW energy storage
News

AES, Amazon ink PPAs for 450 MW solar, 225 MW energy storage

American energy developer AES Corporation announced last week that it has signed two power purchase agreements (PPAs) with Amazon to deliver 450 MW of clean energy to power its data center operations in California.
May 09, 2022
EU drafts sustainability disclosure standards for businesses
News

EU drafts sustainability disclosure standards for businesses

Under the new European Union reporting standards, companies would be required to set a significantly broader range of sustainability targets, Carbon Disclosure Project, a non-profit environmental organization, said on Tuesday.
May 06, 2022
AES to supply Microsoft 110 MW solar for its California data centers
News

AES to supply Microsoft 110 MW solar for its California data centers

American energy company AES Corporation announced this week that it has entered into a 20-year power purchase agreement with Microsoft to deliver renewable energy to its California data centers.
May 06, 2022
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