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September 18, 2024
Singapore companies face 'minimal impact' from carbon tax hike: Survey
Starting this year, Singapore has increased its carbon tax to SGD 25 per ton (about 19 USD) and announced plans for further increases, aiming to encourage companies to accelerate their carbon reduction efforts.
September 18, 2024Air taxis have high costs and emissions, not useful for energy transition – researchers
Air taxis and other electric vertical take-off and landing vehicles (eVTOLs) are not useful mass transport technologies for the energy transition, according to a report by the Leibniz Centre for European Economic Research (ZEW).
September 16, 2024Subic Freeport aims to achieve carbon neutrality with new green initiatives
The Philippines' Subic Bay Freeport Zone has vowed to become the first carbon-neutral economic zone, launching a series of net-zero initiatives. These plans include creating a net-zero roadmap for buildings, applying carbon capture technology, and more.
September 16, 2024Indonesia’s new government targets $65 bln green fund through carbon credit revenues
Indonesia's new government intends to establish a green fund, raising capital through the production and sale of nature-based carbon removal credits to invest in more green projects and achieve a net-zero goal by 2060.
September 16, 2024China’s carbon market is moving from burden to boon
China’s mandatory national carbon market launched in 2021. So far, only companies with large coal-fired power generation have needed to comply. But other sectors, such as steelmaking, are set to join soon.
September 13, 2024Singapore to mandate 10% energy cut for large buildings starting 2025
To reduce the carbon emissions of buildings, the Singapore government has implemented mandatory measures. Starting from the third quarter of next year, high-energy-consuming large buildings in Singapore must adopt energy-saving measures.
September 12, 2024Google invests $10 mln in Holocene to tackle carbon capture’s cost ‘holy grail’
American tech giant Google has announced a partnership with carbon capture startup Holocene, signing a contract worth up to $10 million. Starting in 2030, Google plans to purchase carbon credits at a very low price of $100 per ton.
September 12, 2024CS Wind to build world’s largest wind power factory in Vietnam
South Korean wind power equipment giant CS Wind is expanding its investment in Vietnam, capitalizing on the geographic advantages of Long An Province in the Mekong Delta.
September 12, 2024Just 15 countries account for 98% of new coal-power development, GEM finds
Nearly all of the coal-power capacity under development (98%) is now concentrated in just 15 countries, with China and India alone accounting for 86%, according to Global Energy Monitor's latest Global Coal Plant Tracker (GCPT) results.
September 11, 2024Climate talk falls short in Trump-Harris debate
During the first presidential debate of the 2024 U.S. election, Republican candidate and former President Donald Trump faced off against Democratic candidate and current Vice President Kamala Harris.