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February 07, 2024
Climate experts raise $12 million for the world’s first carbon credit insurance company
CarbonPool is set to be the first insurance company in the world with a carbon credit balance sheet. The firm announced the closure of a $12 million funding round on Jan. 29.
February 06, 2024Amazon joins Google in procuring offshore wind energy in Scotland
U.S. tech giant Amazon confirm PPA with ENGIE, procuring over half of the power available from Scotland’s Moray West offshore wind farm, securing its title as the world’s largest green energy buyer for the fourth consecutive year as of Jan. 30, 2024.
February 06, 2024Thai electric truck registrations surge tenfold in anticipation of EU carbon tariffs
In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.
February 06, 2024World’s largest solar power plant in Philippines expected to finish by 2026
The announcement of the constructing of what will be “the largest solar project in the world” has now come from the Philippine Islands. The solar park, called Terra Solar, will have 3,400 to 3,500 MW of solar panels and 4,000 MWh of battery storage.
February 06, 2024Microsoft buys soil carbon storage credits from nature-based startup
Microsoft signed another carbon removal agreement to help accelerate its climate goals. The tech giant made a deal with Grassroots Carbon, a startup offering nature-based soil carbon storage solutions, for soil carbon removal drawdown credits.
February 05, 2024PLN Indonesia plans to build at least 5 solar power stations this year
Indonesian state electricity company, Perusahaan Listrik Negara (PLN), announced on Tuesday (Jan. 30) through its subsidiary responsible for power generation, Indonesia Power (IP), that it plans to add 1.06 GW of clean energy this year.
February 05, 2024Sustainable fuel supply shortage poses a challenge to the aviation industry's net-zero ambitions
Decarbonization is considered the biggest challenge to the sustainable development of the aviation industry. Unexpectedly, the supply of Sustainable Aviation Fuel (SAF) is below expectations, causing anxiety among airline executives.
February 05, 2024Philippines’ Upgrade Energy eyes 700 MW solar development by 2028
Filipino company Upgrade Energy Philippines (UGEP) is setting an ambitious goal of 700 MW for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is planning to accomplish by 2028.
February 05, 2024Singapore’s venue operators go green amid growing consciousness
Event organizers and venue operators in Singapore are undergoing a green transition to attract participants with stronger environmental awareness. Coldplay's Music Of The Spheres World Tour is a notable example of this movement.
February 02, 2024Korean company keeps investing Vietnam including green product
Hyosung Group continues to expand its investments in Vietnam, recently venturing into low-carbon green products in Ba Ria-Vung Tau. The company is preparing to develop biodegradable fibers and Hydrotreated Vegetable Oils (HVO).