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Mexico’s appetite for I-RECs grows rapidly amid policy uncertainty
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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
Korea saw 3.5% increase in GHG emissions as economy rebound in 2021
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Korea saw 3.5% increase in GHG emissions as economy rebound in 2021

Korea’s total greenhouse gas (GHG) emissions climbed 3.5% year on year in 2021 to 679.6 million tonnes, the country’s Ministry of Environment said on Tuesday.
June 30, 2022
Meridian Group buys RECs for its entire DC portfolio
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Meridian Group buys RECs for its entire DC portfolio

US real estate management company Meridian Group announced this week that it has entered into a contract with energy company Constellation to purchase renewable energy certificates (RECs) for nearly its entire portfolio in the Washington, D.C., area.
June 30, 2022
Bank of America signs PPA to acquire solar power from Mammoth Central
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Bank of America signs PPA to acquire solar power from Mammoth Central

Bank of America has inked a 15-year, 160 MW contract with Constellation Energy to purchase clean power and renewable energy certificates (RECs) from the Mammoth Central PV project in Indiana, United States.
June 29, 2022
India lacks penalty enforcement to stimulate voluntary REC purchases
News

India lacks penalty enforcement to stimulate voluntary REC purchases

Despite a major legislative push for renewable energy, voluntary purchasers of renewable energy certificates (REC) are still insignificant in India, consulting firm Intellecap said in its report.
June 29, 2022
NATO pledges to cut emissions by 45% by 2030, be carbon neutral by 2050
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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
Australia’s GHG emissions climbed in 2021 amid pandemic recovery
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Australia’s GHG emissions climbed in 2021 amid pandemic recovery

Australia’s greenhouse gas emissions increased by roughly 1% in 2021, as driving and travel increased and manufacturing activity rebounded in the aftermath of COVID-19 pandemic, the government announced on Monday.
June 28, 2022
EU states agree on higher targets and faster permitting for renewables
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EU states agree on higher targets and faster permitting for renewables

The EU Energy Ministers have reached an agreement on Monday on revisions to the Renewable Energy Directive (RED) and the Energy Efficiency Directive (EED), aiming to accelerate renewable energy deployment and facilitate permission process for renewable pl
June 28, 2022
UK government handed airlines with 4.4 million free carbon allowances
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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
Denmark to cut electricity tax to ease energy burdens
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Denmark to cut electricity tax to ease energy burdens

In an attempt to compensate citizens for growing energy prices, Denmark will temporarily lower electricity taxes in the fourth quarter of this year, according to a cross-party agreement posted on the Ministry of Finance’s website.
June 27, 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
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