News
Global
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.
January 20, 2022
New CO2 conversion technology offers new route for carbon storage
As climate crisis worsens, reducing carbon dioxide emissions becomes the world’s primary task. Researchers at Royal Melbourne Institute of Technology, Australia, have developed a new method to instantly convert carbon dioxide into solid carbon that can be
January 17, 2022
Uruguay launches blockchain-powered REC platform
A renewable energy certification scheme has been established by Uruguay's grid operator UTE and the Ministry of Industry, Energy, and Mining. The application, which is based on Energy Web's decentralized operating system, is designed to allow businesses t
January 17, 2022
Carbon capture tax credit ready to go in Canada
Canada is set to introduce a tax credit for carbon capture investments, a critical step to cut greenhouse-gas emissions from the oil sands and will shortly lay out its 2030 pollution reduction goals.
January 14, 2022
European PPA prices surge 8% amid deepening energy crisis
According to new analysis from LevelTen Energy, a provider of renewable transaction infrastructure, Europe’s ongoing energy crisis has led to increases in renewable power purchase agreement (PPA) prices, which climb 7.8% quarter over quarter.
January 14, 2022
Built of hemp, France’s Pierre Chevet sports hall may become a carbon sink
Located in Croissy-Beaubourg, France, the Pierre Chevet sports hall is made from hempcrete (a mix of hemp, lime, and water) blocks and has become the world’s very first carbon-negative public building.