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Regulation
April 12, 2022
Sweden set to be first country to account for consumption-based emissions
To ramp up its effort to combat climate crisis, Sweden has announced its intention to include consumption-based emissions in its reduction target, which means that carbon emissions from products manufactured outside of Sweden and imported into the country
April 08, 2022
Canada proposes tax credit to encourage carbon capture investment
Canadian Prime Minister Justin Trudeau announced on Thursday the introduction of one of the country’s largest single industrial tax incentives to fund carbon capture projects, as part of his government’s effort to meet the climate objectives by offsetting
March 31, 2022
US proposes first carbon standard for concrete to cut building sector emissions
The United States General Services Administration (GSA) proposed new limits on high-carbon-emitting building materials for all of its major projects. The decision is expected to have a significant impact on billions of dollars in federal infrastructure in
March 30, 2022
Abu Dhabi to launch world's first regulated carbon trading exchange
Abu Dhabi Global Market announced on Tuesday the partnership with AirCarbon Exchange (ACX), a Singapore-based commodities exchange, which will allow ADGM to establish in Abu Dhabi the world’s first fully regulated carbon trading exchange and carbon cleari
March 25, 2022
Andrah proposes new RPO targets to ramp up renewable push
Andhra Pradesh Electricity Regulatory Commission (APERC) has recently drafted APERC Renewable Power Purchase Obligation Regulations, 2022, which details the obligation to purchase renewable energy and the compliance by purchasing renewable power or renewa
March 22, 2022
Sydney to green its ports with renewable shore power plan
The Port Authority of New South Wales, Sydney, has revealed a plan to build the world’s first 100% renewable energy shore-powered shipping precinct.
March 18, 2022
Kingspan introduces first internal carbon fee towards net zero manufacturing goal
Kingspan, an Ireland-based building materials company, recently published its annual sustainability report, according to which the company will implement its first internal carbon fee next year, at a price of 70 euros per tonne of carbon dioxide equivalen
March 15, 2022
Microsoft’s internal carbon fee to raise 567% as Scope 3 emissions jump in 2021
Microsoft released on Thursday the update of its sustainability commitment, pledging to become carbon negative, zero waste, water positive by 2030. It also raised inter-company penalties for business travel by 567%.
March 14, 2022
Mumbai becomes first South Asian city to set net-zero roadmap
Mumbai, India's financial hub, has unveiled its first ever Climate Action Plan as part of India’s pledge to achieve carbon neutrality by 2070. Under the plan, the city aims to reach net zero carbon emissions by 2050, becoming the first Southeast Asian cit
March 11, 2022
German government agrees to abolish renewables levy as energy prices skyrocket
The German government approved a draft law on Wednesday, planning to abolish the Renewable Energy Source Act (EEG) levy that consumers pay with their electricity bills from July 1 this year.