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July 19, 2022
China’s carbon market trading hits 194m tonnes in one year, becoming world’s largest
The trading volume of China’s national carbon market hit 194 million tonnes, with a cumulative turnover of 8.49 billion yuan (US$1.26 billion), since its launch on July 16, 2021, the data released by Shanghai Environmental and Energy Exchange showed.
July 18, 2022Microsoft, Climeworks sign 10-year carbon removal deal
Microsoft has signed a 10-year carbon removal deal with Swiss direct air-capture company Climeworks to remove 10,000 tonnes of carbon emissions from air.
July 15, 2022Greece to issue 1 GW joint renewable power tender for solar, wind
The Regulatory Authority for Energy (RAE) of Greece is about to launch a new 1 GW joint renewables tender for PV and wind power on Sept. 5 with a target of securing 1 GW of solar capacity.
July 15, 2022Indonesia’s carbon credit export potential hits Rp2.6 trillion
Indonesia’s carbon credit export potential in the forestry sector has reached Rp2.6 trillion (US$172.6 million) per year, said Finance Minister Sri Mulyani Indrawati at the Sustainable Finance for Climate Transition Roundtable, a G20 side event held on Ju
July 15, 2022Hanwha Solutions partners with German firm to develop 500 MW solar power project
Hanwha Solutions, a chemical and energy unit of South Korean conglomerate Hanwha Group, announced on July 12 that its German subsidiary, Q Energy, will team up with a German renewable energy development company, Enviria Energy, to develop a 500-MW solar p
July 15, 2022European PPA prices up 47% amid inflation storm, energy crisis
Wind and solar power purchase agreement (PPA) prices in Europe have seen a 47% year-over-year increase due to the energy crisis and inflation in the region, according to a new report released by LevelTen Energy.
July 14, 2022Temasek raises internal carbon price to US$50, aiming US$100 by 2030
In the hopes of cutting the net carbon emissions of its portfolio, Temasek, Singapore’s state investment company, will lift its internal carbon price from US$42 to US$50 per tonne of carbon dioxide this year, with plans to further raise it to US$100 by th
July 14, 2022UK government invests £54M in carbon removal tech projects
The UK government has invested over 54 million pounds ($65 million) in 15 projects that develop carbon emissions removal technology.
July 14, 2022MEPs backs tougher renewables targets
Members of the European Parliament voted on July 13 to increase the share of renewable energy in the EU's total energy mix from 40% to 45% by 2030, under the revision of the Renewable Energy Directive (RED) that is also supported by the European Commissio
July 13, 2022Japan to aid India’s clean energy transition
Japan plans to support India in accelerating the switch to clean energy, expanding a program it started last year for Southeast Asian countries, said Economy, Trade and Industry Minister Koichi Hagiuda on July 13.