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UN inks largest P-REC agreement to light up displaced persons’ camp
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UN inks largest P-REC agreement to light up displaced persons’ camp

With support from Energy Peace Partners (EPP), 3Degrees, a renewable energy consulting firm, and the International Organization for Migration (IOM), have inked the largest Peace Renewable Energy Credit (P-REC) agreement to date, which is also the first-ev
March 15, 2022
Mumbai becomes first South Asian city to set net-zero roadmap
News

Mumbai becomes first South Asian city to set net-zero roadmap

Mumbai, India's financial hub, has unveiled its first ever Climate Action Plan as part of India’s pledge to achieve carbon neutrality by 2070. Under the plan, the city aims to reach net zero carbon emissions by 2050, becoming the first Southeast Asian cit
March 14, 2022
Green hydrogen market needs standardized certification scheme: Irena
News

Green hydrogen market needs standardized certification scheme: Irena

The global green hydrogen market will require a trustworthy and transparent certification mechanism to incentivize companies to commit to using green hydrogen and create social interest, stated the International Renewable Energy Agency in its 'Green hydro
March 14, 2022
Australian carbon prices plummeted after regulator’s surprise intervention
News

Australian carbon prices plummeted after regulator’s surprise intervention

Last Friday, Australia's Clean Energy Regulator announced new changes to the Emissions Reduction Fund, as well as a decision to share with carbon farmers and landholders the windfall profits generated from the change.
March 11, 2022
German government agrees to abolish renewables levy as energy prices skyrocket
News

German government agrees to abolish renewables levy as energy prices skyrocket

The German government approved a draft law on Wednesday, planning to abolish the Renewable Energy Source Act (EEG) levy that consumers pay with their electricity bills from July 1 this year.
March 11, 2022
Global carbon emissions rebounded to record high in 2021 amid economic recovery
News

Global carbon emissions rebounded to record high in 2021 amid economic recovery

After the world recovered from the Covid-19 pandemic with significant reliance on fossil fuels, carbon emissions surged to their greatest levels in history in 2021, with energy related emissions increasing 6% to 36.3 gigatonnes, according to a new report
March 10, 2022
Turkey mulls legislation to promote use of renewable energy
News

Turkey mulls legislation to promote use of renewable energy

The Turkish government is stepping up efforts to increase the usage of green energy and is planning new legal requirements to help consumers transition to renewable energy sources.
March 10, 2022
Poor grid infrastructure may impede Southeast Asia’s renewable push
News

Poor grid infrastructure may impede Southeast Asia’s renewable push

According to a new report by Black & Veatch, flexible transmission infrastructure is a critical enabler for solar and wind power to function, and Southeast Asia needs to start preparing for stronger networks to support its renewable ambition.
March 10, 2022
Carbon credits market to worth trillions within two decades
News

Carbon credits market to worth trillions within two decades

As governments set up environment pledges, most enterprises around the world are required to attain net zero emissions by 2050. The carbon credit market thus has the potential to explode. The total amount of carbon credits traded last year was over US$1 b
March 09, 2022
SBTi shuts door on carbon target validation for fossil fuel firms and suppliers
News

SBTi shuts door on carbon target validation for fossil fuel firms and suppliers

The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action, has made change to its criteria and will no longer accept pledges or validate targets from fossil fuel companies.
March 09, 2022
JSW Energy signs PPA with Haryana for 240 MW hydro power
News

JSW Energy signs PPA with Haryana for 240 MW hydro power

JSW Energy announced on Monday that JSW Energy Kutehr Ltd., its wholly-owned step-down subsidiary, has signed a power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for the supply of 240 MW hydro power.
March 09, 2022
Saudi Arabia awards two renewable projects, a step closer to Saudi Vision 2030
News

Saudi Arabia awards two renewable projects, a step closer to Saudi Vision 2030

Saudi Arabia’s energy ministry announced on Monday that the government had awarded Ar Rass and Saad renewable energy projects with a total capacity of 1,000 megawatts.
March 08, 2022
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