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EU parliament backs green label for gas, natural gas investment
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EU parliament backs green label for gas, natural gas investment

The European Parliament voted on Wednesday to label investment in gas and nuclear facilities as environment-friendly, in a bid to help the bloc carry out its climate pledge by facilitating private investment in power plants.
July 07, 2022
Green energy leasing project to help firms access renewable energy
News

Green energy leasing project to help firms access renewable energy

To help small businesses and commercial building owners access renewable energy, the Ministry of Economic Affairs launched a green energy leasing project on July 4. Two of Taiwan’s largest office landlords, Cathay Life Insurance Co (國泰人壽) and Shin Kong Li
July 06, 2022
Dutch government limits Schiphol airport flights to reduce pollution
News

Dutch government limits Schiphol airport flights to reduce pollution

The Netherlands’ Schiphol airport, the third busiest in Europe, has cut the number of flights by 12% to reduce pollution, becoming the first airport in the world limiting traffic to make the aviation industry more sustainable.
July 06, 2022
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
Mitsubishi signs virtual PPA with Murata for renewable energy supply
News

Mitsubishi signs virtual PPA with Murata for renewable energy supply

According to Nikkei, Japanese trading house Mitsubishi Corp. will start selling renewable electricity certificates that buyers can use as offsets for their energy consumption. The first buyer is Murata Manufacturing, an electronic components maker and one
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
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
Only 35% of shipping companies committed to climate target by 2050, study says
News

Only 35% of shipping companies committed to climate target by 2050, study says

According to a new study, only 33 major shipping firms have a publicly stated goal of achieving net zero by 2050 or have committed to IMO targets of 50% absolute reduction in 2050 compared to 2008, which accounts for 35% of the world’s 94 largest shipping
July 04, 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
Dubai to source 14% of energy from renewables by end of year
News

Dubai to source 14% of energy from renewables by end of year

Dubai, economic and financial hub of the United Arab Emirates, plans to increase the share of renewables in its energy mix to 14% by the end of 2022 as part of the country’s attempts to meet its environmental targets.
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
LyondellBasell ramp up renewables with two power deals in US
News

LyondellBasell ramp up renewables with two power deals in US

LyondellBasell, a Houston-based plastics, chemicals and refining company, announced this week the signing of its first two power purchase agreements (PPAs) in the United States, with the goal of procuring at least 50% of its electricity from renewable sou
July 01, 2022
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