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February 15, 2022

Spain calls on EU to provide financial guarantees for long-term PPA

According to eldiario.es, a Spanish online newspaper, the Spanish government has asked the European Investment Bank (EIB) to give financial guarantees for long-term fixed-price renewable energy supply contracts, known as Power Purchase Agreements (PPAs).
February 15, 2022

World Shipping Council outlines six zero-carbon shipping pathways

The World Shipping Council (WSC), a Washington, D.C.-based trade group that represents international liner shipping, is releasing for the first time concrete regulatory and economic pathways that it believes the UN International Maritime Organization (IMO
February 09, 2022

The 10% wealthiest population is key to reach net zero, expert suggests

To mitigate the climate crisis, limit carbon footprint has become a primary mission for the globe. According to a study, wealthy people’s carbon footprints is gradually increasing, accounted for a larger proportion of global emissions.
February 09, 2022

World’s largest companies fall far short of net-zero, climate group says

According to a study conducted by NewClimate Institute, some of the world's largest corporations are failing to live up to claims that they will achieve net-zero emissions targets, reducing carbon emissions by only 40% rather than the projected 100%. Amaz
January 28, 2022

Seven Eastern Europe countries to adopt EU Guarantees of Origin

On January 26, the Energy Community revealed its plan to create an electronic system for Guarantees of Origin (GOs) in Albania, Bosnia and Herzegovina, Georgia, Kosovo, Moldova, Montenegro, and Ukraine.
January 27, 2022

Latin America sees surging demand for I-RECs amid renewables expansion

In Latin America, high levels of renewable energy have raised demand for International Renewable Certificates (I-RECs), particularly in countries with substantial hydroelectric resources. These certificates are still in early stage in the area. However, t
January 27, 2022

Climate commitments at risk as global oil prices soar

British financial think tank Carbon Tracker released its new report on Thursday, writhing that, with global oil prices rising to US$90 per barrel, investors may be lured into long-term fossil fuel projects, destroying the world's hopes to limit carbon emi
January 26, 2022

Munich on track to decarbonize and achieve 100% renewables by 2025

Munich, Germany’s third largest city, is making significant progress in decarbonizing its power, with renewables expected to provide for 90% of the city's energy by 2022. The city estimates it is on track to meet its target of meeting all its energy deman
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 20, 2022

India 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.

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