News
February 16, 2024
Vietnam plants over 700 million trees in last three years
Afforestation is one of the most direct ways to increase carbon sink. Vietnam planted nearly 770 million trees in 2021-2023, achieving 77% of its goal to plant one billion trees in the 2021-2025 period.
February 07, 2024India’s Adani Group plans to collaborate with EVN to expand energy business
Adani Group continues to deepen its collaboration with Vietnam's power generator. Sudipta Bhattacharya, Chief Technology Officer and CEO of Adani Group, visited EVN on Jan. 31, to discuss enhancing cooperation opportunities in energy sector.
February 07, 2024CATL to build offshore wind farm and set up carbon asset subsidiary
CATL has received approval to construct its first offshore wind farm. Additionally, it has been discovered that the company has also established a carbon asset management company, signaling its commitment to a significant development in CCU technology.
February 07, 2024UMC Metals, New Energy Capital inked solar PPA to advance sustainability in Thailand
Thailand’s UMC Metals and Singapore-based New Energy Capital Asia have signed a power purchase agreement (PPA) for a 1.6 MWp solar project in Thailand featuring floating and ground-mounted solar installations.
February 07, 2024Climate experts raise $12 million for the world’s first carbon credit insurance company
CarbonPool is set to be the first insurance company in the world with a carbon credit balance sheet. The firm announced the closure of a $12 million funding round on Jan. 29.
February 06, 2024Amazon joins Google in procuring offshore wind energy in Scotland
U.S. tech giant Amazon confirm PPA with ENGIE, procuring over half of the power available from Scotland’s Moray West offshore wind farm, securing its title as the world’s largest green energy buyer for the fourth consecutive year as of Jan. 30, 2024.
February 06, 2024Thai electric truck registrations surge tenfold in anticipation of EU carbon tariffs
In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.
February 06, 2024World’s largest solar power plant in Philippines expected to finish by 2026
The announcement of the constructing of what will be “the largest solar project in the world” has now come from the Philippine Islands. The solar park, called Terra Solar, will have 3,400 to 3,500 MW of solar panels and 4,000 MWh of battery storage.
February 06, 2024Microsoft buys soil carbon storage credits from nature-based startup
Microsoft signed another carbon removal agreement to help accelerate its climate goals. The tech giant made a deal with Grassroots Carbon, a startup offering nature-based soil carbon storage solutions, for soil carbon removal drawdown credits.
February 05, 2024PLN Indonesia plans to build at least 5 solar power stations this year
Indonesian state electricity company, Perusahaan Listrik Negara (PLN), announced on Tuesday (Jan. 30) through its subsidiary responsible for power generation, Indonesia Power (IP), that it plans to add 1.06 GW of clean energy this year.