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Hong Kong exchange to set up international carbon market with HSBC, Tencent
News

Hong Kong exchange to set up international carbon market with HSBC, Tencent

The Hong Kong Exchanges and Clearing Ltd (HKEX) announced on Monday that it has teamed up with major corporations and financial institutions such as HSBC and Tencent to create an international carbon market.
July 06, 2022
Australian direct air carbon capture tech company secures US$700,000 deal
News

Australian direct air carbon capture tech company secures US$700,000 deal

An Australian prototype carbon capture and storage machine has secured a US$700,000 contract and this deal is thought to be the first time an Australian company has obtained a deal to remove CO2 using direct air capture (DAC) technology.
July 05, 2022
Foxconn pushes supply chain to switch to 100% renewables
News

Foxconn pushes supply chain to switch to 100% renewables

Foxconn has pledged to reach net zero carbon emissions for its operations in Taiwan by 2030, and to support more than 100 major suppliers in switching to 100% renewable energy by 2050, according to the electronics giant’s 2021 CSR report.
July 05, 2022
Australia to review carbon credit scheme after ‘fraud’ allegations
News

Australia to review carbon credit scheme after ‘fraud’ allegations

Australia’s new Labor government has appointed a climate scientist to conduct a six-month review of the country’s carbon credit scheme, following concerns that certain projects receiving credits are not actually reducing carbon emissions.
July 04, 2022
Gabon to issue world’s largest volume of carbon credits
News

Gabon to issue world’s largest volume of carbon credits

Gabon, a country located on the west coast of Africa, is planning the world’s biggest carbon credits issuance ever, involving 187 million carbon credits with almost half of them to be sold on the offsets market.
July 01, 2022
Mexico’s appetite for I-RECs grows rapidly amid policy uncertainty
News

Mexico’s appetite for I-RECs grows rapidly amid policy uncertainty

International renewable energy certificates (I-RECs) issued in Mexico have seen a significant increase in demand this year, as foreign corporations attempt to decrease their carbon footprints and policy uncertainty drives generators to seek additional rev
July 01, 2022
Google Cloud to show users their carbon footprint in Gmail, Docs
News

Google Cloud to show users their carbon footprint in Gmail, Docs

Google Cloud has expanded its suite of tools to reveal the carbon footprint for its Workspace apps, which include Gmail and Docs, aiming to help its customers assess their environmental impact.
June 30, 2022
NATO pledges to cut emissions by 45% by 2030, be carbon neutral by 2050
News

NATO pledges to cut emissions by 45% by 2030, be carbon neutral by 2050

North Atlantic Treaty Organization (NATO) unveiled on Tuesday its first emissions targets, aiming to reduce civilian and military greenhouse gas emissions by at least 45% by 2030 and become carbon neutral by 2050.
June 29, 2022
UK government handed airlines with 4.4 million free carbon allowances
News

UK government handed airlines with 4.4 million free carbon allowances

In 2021, the UK Government provided airlines with free carbon permits worth of roughly 242 million pounds (US$297 million), enough for the entire industry to avoid a carbon emission cap and trade regime, according to research released by Transport & Envir
June 28, 2022
Indonesia to defer carbon tax implementation amid global economic uncertainty
News

Indonesia to defer carbon tax implementation amid global economic uncertainty

Indonesia’s carbon tax scheme, which was set to go into force in July, could be postponed due to global economic volatility and to give authorities time to prepare, according to a government official.
June 27, 2022
Air Liquide pens its largest power deal to decarbonize sites in Benelux
News

Air Liquide pens its largest power deal to decarbonize sites in Benelux

Air Liquide, a French supplier of industrial and medical gases, announced on Wednesday that it has inked its largest long-term power purchase agreement (PPA) to date with energy company Vattenfall.
June 24, 2022
Carbon dioxide emitted by cement sector doubled in two decades
News

Carbon dioxide emitted by cement sector doubled in two decades

Carbon dioxide emissions from cement production have doubled in the last 20 years, according to emissions scientist Robbie Andrew of Norway’s Centre for International Climate and Environmental Research (CICERO).
June 24, 2022
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