News
February 02, 2023
Taiwan passes climate law amendments to achieve net zero by 2025
Taiwan's legislature passed the "Climate Change Response Act" on Jan. 10, establishing a carbon fee system for large emitters and setting a goal of reaching net-zero emissions by 2050.
February 02, 2023Tesla’s revenue from carbon credit sales hit record $1.78 Billion in 2022
Tesla’s carbon credit sales reached a new high in 2022, increasing 47% year over year in the fourth quarter, the company reported.
February 01, 2023US, Europe experience slowed solar PPA price increases, despite mixed forecast
The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022, up by 4% and 3%, respectively.
January 30, 2023Analyst predicts EU carbon price to edge higher but risks remain
Analysts have revised up their average price forecasts for EU carbon permits for the next three years in anticipation of improving economies in Europe as energy prices fall from record highs.
January 19, 2023China building world’s biggest offshore wind farm as renewable energy growth gains momentum
China is building the world’s largest commercial floating offshore wind farm off the coast of Hainan, showing sign of growing momentum of renewable energy.
January 18, 2023US fell behind climate goals as greenhouse gas emissions grew in 2022
U.S. greenhouse gas emissions rose in 2022, by 1.3% compared to the previous year according to preliminary estimates by environmental consultancy Rhodium Group.
January 17, 2023Verizon inks PPA for 410 MW of renewable energy
US telecom giant Verizon has signed four new power purchase agreements (PPAs) to procure renewable energy.
January 16, 2023MEPs to vote on key EU ETS reforms in February
The European Parliament’s environment committee may vote on key reforms of the EU ETS in February, with a parliamentary vote due in March, MEP Pieter Liese said on Thursday.
January 13, 2023Greenfact projects GO prices to trade for EUR 6-8/MWh in 2023
The trading prices for European guarantee of origin (GO) prices would likely to range from EUR 6/MWh to EUR 8/MWh this year, Norwegian market intelligence firm Greenfact said in a report on Thursday.
January 12, 2023Carbon pricing could raise $7-B revenues in the Philippines: IMF
The introduction of carbon pricing in the Philippines could raise around $7 billion in revenues by 2030, according to a report released by the International Monetary Fund (IMF).