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January 21, 2022
ADGM becomes world’s first ‘carbon neutral’ international financial center
The Abu Dhabi Global Market (ADGM) announced on Wednesday that it had achieved carbon-neutrality status by offsetting its 2021 carbon emissions. It is reportedly the world's first carbon-neutral international financial center.
January 21, 2022Singapore plans to increase carbon tax in 2022 budget
Singapore's Finance Minister Lawrence Wong has said in parliamentary interpellation that the government plans to raise the carbon tax in its 2022 Budget.
January 20, 2022India approves 200 million infusions in IREDA to boost renewable energy financing
On January 19, India’s Cabinet Committee on Economic Affairs (CCEA) and the Union Cabinet decided in a meeting to approve a Rs 1,500 crore equity infusion in the Indian Renewable Energy Development Agency (IREDA) Limited.
January 20, 2022Axpo signs 300MWp solar power supply contract with R.power Group
Axpo, Switzerland's largest producer of renewable energy, has inked a Power Purchase Agreement (PPA) with Polish solar developer R.Power Group for the distribution of electricity produced by a 300 MWp array of solar power plants in Poland.
January 20, 2022New CO2 conversion technology offers new route for carbon storage
As climate crisis worsens, reducing carbon dioxide emissions becomes the world’s primary task. Researchers at Royal Melbourne Institute of Technology, Australia, have developed a new method to instantly convert carbon dioxide into solid carbon that can be
January 19, 2022EU to adopt new calculating rules for renewable cooling
Last December, the European Commission (EC) released new criteria for calculating the amount of renewable cooling and district cooling that can be used to meet the EU's renewable energy targets.
January 19, 2022Exxon aims for net-zero emission by 2050 amid industry’s race to carbon reduction
Exxon Mobil Corp, the American oil and gas giant, announced on Tuesday its ambition to reach net-zero emission from its global operations by 2050, catching up with competitors that are reducing their carbon footprints.
January 19, 2022Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,
January 18, 2022Philippines publishes list of renewables projects eligible for renewable portfolio standards
The Philippine Department of Energy (DoE) has unveiled the list of operational renewable energy projects that are eligible for the country’s renewable portfolio standards (RPS), which require electricity providers to source a certain percentage of their e
January 18, 2022BNEF report finds carbon offset prices could climb 50-fold by 2050
BloombergNEF, a strategic research provider, released its inaugural Long-Term Carbon Offset Outlook 2022, an annual analysis that will update the global carbon offsetting market trends and forecasts.