News
Global
May 19, 2022
US clean energy reach 200 MW milestone but sees barriers ahead
Wind, utility solar, and battery storage power capacity in the United Stated surpassed 200 GW in 2021, following the commissioning of 28.5 GW of clean energy projects, according to the Clean Power Annual Market Report 2021 released by American Clean Power
May 19, 2022
Japan to pilot first carbon trading market in September
Japan Exchange Group (JPX) is collaborating with Japan’s Ministry of Economy, Trade, and Industry (METI) to set up the country’s first exchange for carbon trading. The scheme is expected to start operating as a technical demonstration project in this Sept
May 18, 2022
Steel industry emissions to fall 30% by 2050: Woodmac
As more mills switch to less-polluting electric arc furnaces (EAF), carbon dioxide emissions from the world’s steel sector are expected to drop 30% by 2050 compared to last year, according to a study released on Tuesday by consultancy Wood Mackenzie.
May 17, 2022
Australia’s hydrogen Guarantee of Origin Scheme enters trial phase
Australia’s Department of Industry, Science, Energy and Resources has developed the Guarantee of Origin (GO) scheme to verify hydrogen production emissions. The scheme has entered into its first trial phase, with 19 trial participants having signed up to
May 16, 2022
BMW’s new Hungarian plant to be world’s first fossil-free car factory
German carmaker BMW plans to run its new factory in Debrecen, Hungary, fully on renewable electricity, completely dispensing with fossil fuel, the company’ chief executive Oliver Zipse said on the Annual General Meeting on Wednesday.
May 16, 2022
US lawmakers mull import fee for carbon-intensive products
The two parties of the US Congress are currently discussing a potential bipartisan energy and climate bill, including the possibility of imposing a levy on carbon-intensive products entering the country, according to local media.
May 16, 2022
Companies committed to SBTi targets represent $38 trillion economy
A record number of firms are committing to and adopting science-based climate targets, according to a recent report released by the Science-Based Objectives Initiative (SBTi), the global organization that encourages firms to set science-based emissions re
May 13, 2022
India rolls out renewable energy certificate multiplier to boost new technologies
India’s Central Electricity Regulatory Commission (CERC) released on Monday a new notification, introducing the idea of multiplier for renewable energy certificates (RECs) for new projects depending on the tariff range of various renewable technologies, w
May 11, 2022
Karnataka proposes solar RPO target of 11.5% for DISCOMS
The Karnataka Electricity Regulatory Commission (KERC) issued amendment to Karnataka Electricity Regulatory Commission (Procurement of Energy from Renewable Sources) Regulations, 2022, establishing the Renewable Purchase Obligation (RPO) target for fiscal
May 11, 2022
Atmospheric carbon levels hit all-time high in human history
Levels of carbon dioxide in the atmosphere reach the highest on record for any calendar month during April, according to the Scripps Institution of Oceanography’s data.