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Apple supply chain doubled clean energy use in 2021
News

Apple supply chain doubled clean energy use in 2021

Apple suppliers have more than doubled their clean energy use over the past year, the tech giant said on Thursday. The increase in renewable energy helped avoid 13.9 million metric tonnes of carbon dioxide pollutions from the atmosphere, equivalent to rem
April 15, 2022
Renewable energy prices skyrocket 10% in first quarter amid market volatility
News

Renewable energy prices skyrocket 10% in first quarter amid market volatility

The Russian invasion of Ukraine has worsened global energy market volatility, compounding to the supply-chain shortage issues that have already resulted in price rises for renewable power purchase agreements (PPAs).
April 14, 2022
ACCUs contract volume plummets despite highest ever offered price
News

ACCUs contract volume plummets despite highest ever offered price

Australia’s Clean Energy Regulator announced on Tuesday that a total of 7.6 million tonnes of Australian Carbon Credit Units (ACCUs) has been traded through contracts in the auction held in April, with a potential value of 131 million Australian dollars (
April 14, 2022
Gujarat keeps RPO targets at 17% amid land and cost challenges
News

Gujarat keeps RPO targets at 17% amid land and cost challenges

The Gujarat Electricity Regulatory Commission published last week the Procurement of Energy from Renewable Sources Regulations, 2022, Third Amendment, which establishes renewable purchase obligation (RPO) targets from the fiscal years 2022-23 to 2024-25.
April 14, 2022
EV credits scheme launched in Singapore to support sustainable transition
News

EV credits scheme launched in Singapore to support sustainable transition

Singaporean carbon trading company CRX CarbonBank launched on Tuesday the Electric Vehicle Accelerator initiative, a scheme that generates caron credits based on greenhouse gas emissions avoided by electric vehicle charging points, allowing charging stati
April 13, 2022
Science Based Targets initiative develops net-zero standard for financial institutions
News

Science Based Targets initiative develops net-zero standard for financial institutions

The Science Based Targets initiative (SBTi), a global organization that helps businesses set emissions reduction goals based on climate science, is developing a standard for financial institutions to set net-zero goals.
April 13, 2022
Clean energy investment soared 50% as governments ramp up economic recovery
News

Clean energy investment soared 50% as governments ramp up economic recovery

Clean energy investment in recovery plans for the Covid-19 crisis has increased by 50% in last five months and currently surpasses US$710 billion globally, according to International Energy Agency’s evaluation report released on Tuesday.
April 13, 2022
Sweden set to be first country to account for consumption-based emissions
News

Sweden set to be first country to account for consumption-based emissions

To ramp up its effort to combat climate crisis, Sweden has announced its intention to include consumption-based emissions in its reduction target, which means that carbon emissions from products manufactured outside of Sweden and imported into the country
April 12, 2022
Coro Energy enters 25-year solar power purchase agreement in Vietnam
News

Coro Energy enters 25-year solar power purchase agreement in Vietnam

Coro Energy, an UK-based and Southeast Asia-focused energy company, announced on Monday that it has inked a 25-year power purchase agreement (PPA) with Phong Phu, a Vietnamese textiles producer.
April 12, 2022
Global renewable energy capacity surges 9% with Asia leading the way
News

Global renewable energy capacity surges 9% with Asia leading the way

According to a report released on Monday by the International Renewable Energy Agency (IRENA), global renewable power capacity increased by 9.1% to 3,064 GW in 2021, as governments focus on reducing emissions to mitigate global warming.
April 12, 2022
Atmospheric methane saw record surge in 2021, US NOAA says
News

Atmospheric methane saw record surge in 2021, US NOAA says

The National Oceanic and Atmospheric Administration (NOAA) said on Thursday that atmospheric methane continued rising in 2021, setting another new record for the second year in a row.
April 11, 2022
IPCC cites cryptocurrency as factor of ‘future climate risks’
News

IPCC cites cryptocurrency as factor of ‘future climate risks’

The Intergovernmental Panel on Climate Change (IPCC), a United Nations entity tasked with analyzing climate change science, has published a new report last week in which it cited cryptocurrency as one of the technologies that might require more energy and
April 11, 2022
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