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Delayed hydrogen development may impede net zero goals: DNV
News

Delayed hydrogen development may impede net zero goals: DNV

Green hydrogen, generated by renewable energy or from low-carbon power, is critical for reducing emissions, but it will only account for 5% of the global final energy mix by 2050, falling short of what is required to reach climate targets, global energy c
June 14, 2022
Better Energy pens 10-year solar PPA with Telenor, Telia
News

Better Energy pens 10-year solar PPA with Telenor, Telia

Better Energy, a Danish renewable energy developer, has signed a ten-year power purchase agreement (PPA) with Telenor and Telia in Denmark. Under the deal, Better Energy will oversee the construction of a solar park, which is scheduled to be completed and
June 14, 2022
Net zero pledges gain momentum globally but credibility remains in doubt
News

Net zero pledges gain momentum globally but credibility remains in doubt

More than a third of the world’s largest publicly traded corporations have set net zero goals, up from one-fifth in December 2020, according to Net Zero Tracker effort, a global research consortium.
June 13, 2022
European lawmakers reject EU ETS reform but vote to ban diesel cars
News

European lawmakers reject EU ETS reform but vote to ban diesel cars

Members of the European Parliament (EP) last week rejected proposals to include marine and road transport in the EU Emissions Trading Scheme (ETS). On the other hand, a proposal to expand its carbon market to all departing flights was approved.
June 13, 2022
Walmart invests in renewable energy to decarbonize its fleet
News

Walmart invests in renewable energy to decarbonize its fleet

US retail giant Walmart announced last week that it is testing three types of renewable energy to power its fleet, aiming to save energy and lower emissions.
June 13, 2022
India eases open access rules in a bid to promote clean energy
News

India eases open access rules in a bid to promote clean energy

To promote renewable generation, purchase and consumption, India’s federal government this week notified the Green Open Access Rules for further easing the access rules for green energy.
June 10, 2022
Canada’s newly launched carbon market draws criticism for its price
News

Canada’s newly launched carbon market draws criticism for its price

Canada unveiled on Wednesday its first federal carbon market, enabling governments, businesses and other organizations to offset their carbon dioxide emissions by purchasing credits.
June 10, 2022
Travelers can cut carbon footprint under Singapore Airlines’ new scheme
News

Travelers can cut carbon footprint under Singapore Airlines’ new scheme

Singapore will introduce a carbon credit program for sustainable aviation fuels in July, providing businesses and travelers with the option of paying additional costs to cut their carbon footprint when flying and transporting goods by air.
June 09, 2022
Finland sets world’s most ambitious climate pledge in law
News

Finland sets world’s most ambitious climate pledge in law

Finland’s parliament last week passed a new Climate Change Act, promising to reach net-zero emissions by 2035 and negative emissions by 2040. The timeline is much ahead than other countries, and the law makes Finland the world’s first country to create a
June 09, 2022
Vietnam’s state-owned utility aims for 5 GW of renewables by 2025
News

Vietnam’s state-owned utility aims for 5 GW of renewables by 2025

To meet the growing need for power in national development, the Electricity of Vietnam (EVN) plans to ramp up its investment in renewable energy in the next years.
June 09, 2022
Austria mulls deferring carbon tax as inflation concerns grip market
News

Austria mulls deferring carbon tax as inflation concerns grip market

Due to rising energy prices and public criticism, the Austrian government is considering delaying the implementation of carbon tax until October, reported Euractiv.
June 08, 2022
Korean companies struggle to join RE100 in market short of clean energy
News

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
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