News

Australia is gearing up to import greenhouse gases from some of Asia’s biggest emitters as the government introduces new laws that will allow international pollutions to be buried in carbon capture and storage projects in local waters for the first time.

Norwegian renewable energy company Statkraft has signed a 10-year power purchase agreement (PPA) with Telenor, agreed to provide clean energy to the telco’s Finnish subsidiary DNA .

It is now impossible to ask China to set the same carbon price as the EU, as the two sides' carbon prices were set under different development conditions and emission goals, said a Chinese climate official, who also criticized EU's new carbon tariff as "u

China is on track to double its wind and solar power capacity and reach its 2030 clean energy targets five years early, a new report has found.

Spanish solar energy company Solarpack on June 29 said that it has closed a 10-year power purchase agreement (PPA) with energy giant Shell.

A standard to assess cooperate’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on June 28 by VCMI aiming to bring transparency and confidence to an unregulated market.

Britain’s biggest drugmaker AstraZeneca announced on June 28 that it would invest $400 million to plant over 200 million trees by 2030 as part of its strategy for reducing carbon emissions in accordance with the Paris Agreement.

The first phase of the world’s largest hydro-solar power station at the highest altitude, the Kela PV power plant, has been put into operation in China on June 25.

Navigator Holdings Ltd. and Bumi Armada Berhad have signed a deal to form a 50-50 joint venture－Bluestreak CO2 Joint Venture－to provide transport services for carbon emissions capture and storage in the United Kingdom.

Swedish solar developer Alight and food retailer Axfood have inked a power purchase agreement (PPA) to build Sweden's largest solar park, the companies said on June 21.