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July 04, 2022

Dubai to source 14% of energy from renewables by end of year

Dubai, economic and financial hub of the United Arab Emirates, plans to increase the share of renewables in its energy mix to 14% by the end of 2022 as part of the country’s attempts to meet its environmental targets.
July 04, 2022

Australia to review carbon credit scheme after ‘fraud’ allegations

Australia’s new Labor government has appointed a climate scientist to conduct a six-month review of the country’s carbon credit scheme, following concerns that certain projects receiving credits are not actually reducing carbon emissions.
July 04, 2022

Only 35% of shipping companies committed to climate target by 2050, study says

According to a new study, only 33 major shipping firms have a publicly stated goal of achieving net zero by 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to 2008, which accounts for 35% of the world’s 94 largest shipping
July 01, 2022

Mexico’s appetite for I-RECs grows rapidly amid policy uncertainty

International renewable energy certificates (I-RECs) issued in Mexico have seen a significant increase in demand this year, as foreign corporations attempt to decrease their carbon footprints and policy uncertainty drives generators to seek additional rev
July 01, 2022

LyondellBasell ramp up renewables with two power deals in US

LyondellBasell, a Houston-based plastics, chemicals and refining company, announced this week the signing of its first two power purchase agreements (PPAs) in the United States, with the goal of procuring at least 50% of its electricity from renewable sou
July 01, 2022

Gabon to issue world’s largest volume of carbon credits

Gabon, a country located on the west coast of Africa, is planning the world’s biggest carbon credits issuance ever, involving 187 million carbon credits with almost half of them to be sold on the offsets market.
June 30, 2022

Meridian Group buys RECs for its entire DC portfolio

US real estate management company Meridian Group announced this week that it has entered into a contract with energy company Constellation to purchase renewable energy certificates (RECs) for nearly its entire portfolio in the Washington, D.C., area.
June 30, 2022

Korea saw 3.5% increase in GHG emissions as economy rebound in 2021

Korea’s total greenhouse gas (GHG) emissions climbed 3.5% year on year in 2021 to 679.6 million tonnes, the country’s Ministry of Environment said on Tuesday.
June 30, 2022

Google Cloud to show users their carbon footprint in Gmail, Docs

Google Cloud has expanded its suite of tools to reveal the carbon footprint for its Workspace apps, which include Gmail and Docs, aiming to help its customers assess their environmental impact.
June 29, 2022

NATO pledges to cut emissions by 45% by 2030, be carbon neutral by 2050

North Atlantic Treaty Organization (NATO) unveiled on Tuesday its first emissions targets, aiming to reduce civilian and military greenhouse gas emissions by at least 45% by 2030 and become carbon neutral by 2050.
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