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Korean companies struggle to join RE100 in market short of clean energy
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Korean companies struggle to join RE100 in market short of clean energy

Korea’s major companies appear to have difficulty committing themselves to 100% renewable energy, owing to a lack of solar, wind, and other cleaner energy options, the country’s industry officials said last week.
June 08, 2022
Modhera, home to Sun Temple, becomes India’s first 24/7 solar-powered town
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Modhera, home to Sun Temple, becomes India’s first 24/7 solar-powered town

Modhera, in the Indian state of Gujarat, is the country’s first 100% solar-powered town, demonstrating that battery storage may offer 24/7 clean electricity to rural areas.
June 08, 2022
UK, Denmark on track to meet climate pledge while Southeast Asia lags
News

UK, Denmark on track to meet climate pledge while Southeast Asia lags

Denmark and the United Kingdom are among “a handful of countries” on track to achieve net-zero emissions by 2050, while South Asian and Southeast Asian countries like Bangladesh, Vietnam, Myanmar, and India lag, according to the Environmental Performance
June 06, 2022
Atmospheric carbon levels peak at level not seen for 4 million years
News

Atmospheric carbon levels peak at level not seen for 4 million years

Carbon dioxide in the atmosphere peaked more than 50% higher than pre-industrial levels in May, comparable to levels observed around 4 million years ago, according to the National Oceanic and Atmospheric Administration (NOAA).
June 06, 2022
China to source one third of electricity from renewables in 2025
News

China to source one third of electricity from renewables in 2025

China’s National Development and Reform Commission (NDRC) unveiled a new road map last Wednesday stating that the government plans to double wind and solar capacity by 2025 while granting licenses for more coal-fired power plants to bolster energy securit
June 06, 2022
Carbon quality initiative launches free tool to score projects
News

Carbon quality initiative launches free tool to score projects

The Carbon Credit Quality Initiative (CCQI) this week released a new interactive tool to rate the quality of various forms of carbon credits. The free online CCQI Scoring Tool is designed to help buyers in the expanding carbon credit market to make inform
June 02, 2022
US Navy aims for 100% carbon-free energy by 2030
News

US Navy aims for 100% carbon-free energy by 2030

The United States Navy plans to get 100% of its electrical power needs from carbon-free sources by 2030, with at least 50% coming from local power generation and on-base generation.
June 02, 2022
Japan seeks to launch certificate of origin for renewables
News

Japan seeks to launch certificate of origin for renewables

Japan Electric Power Exchange (JEPX) plans to create a scheme by 2023 to certify the origin of green energy, aiming at identifying the types and locations of renewable power plants, Nikkei reported in May.
June 02, 2022
European carbon prices hike as power generators turn to coal
News

European carbon prices hike as power generators turn to coal

European carbon prices surpassed 85 euros due to higher compliance buying caused by a rapid increase in coal-fired power output in the bloc, resulting in an estimated 60 megatonne of additional carbon emissions.
June 01, 2022
Bursa Malaysia, Verra team up to work on voluntary carbon market
News

Bursa Malaysia, Verra team up to work on voluntary carbon market

In the hopes of establishing a voluntary carbon market (VCM) in Malaysia, the Bursa Malaysia Exchange has signed a memorandum of understanding (MoU) with Verra, an international carbon credit standards body.
June 01, 2022
South Asian apparel giant MAS switches two sites to 100% renewables
News

South Asian apparel giant MAS switches two sites to 100% renewables

MAS Holdings, South Asia’s largest garment and textile manufacturer, announced this week that two of its production sites in Central Java, Indonesia, will become the company’s first manufacturing unit to run entirely on renewable energy.
June 01, 2022
Global carbon pricing schemes brought in US$84 billion in 2021
News

Global carbon pricing schemes brought in US$84 billion in 2021

Global carbon pricing revenue reached US$84 billion in 2021, almost 60% higher than in 2020, providing an important source of funding to support a long-term economic recovery, finance broader fiscal reforms, and invest in communities, according to the Wo
May 31, 2022
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