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A total surplus of 1.2 billion metric tons of carbon credits might flood the carbon market at short notice, according to an analyst from London-based Trove Research.

According to the recent data from climate tech platform Zeigo, offer price in Europe’s power purchase agreement (PPA) markets grew by 10% to 15% depending on project location in the first quarter of 2022 as a result of growing commodity and raw material c

India, one of the world’s largest exporters of carbon credits, plans to launch its own uniform carbon market in a year as a major source of funding for energy transition and emission reduction projects.

The energy transition is continuing, with renewable energy’s share of global power output predicted to double in the next 15 years, while total fossil fuel demand is expected to peak before 2030, according to McKinsey’s annual report.

LG Chem announced on Sunday that it had signed a 20-year long-term purchase contract for renewable energy certificates (REC) at Samcheonpo Thermal Power Plant with Korea South-East Power to ensure a stable supply of renewable energy.

Carbon dioxide emissions covered by the UK’s emissions trading scheme (ETS) in the first year of operation in 2021 were 107.8 million tonnes, according to the UK ETS Authority.

The Oversea-Chinese Banking (OCBC) and the Metaverse Green Exchange (MVGX), a Singapore-based green digital asset marketplace, announced on Monday that they are joining forces to take climate action.

Pexapark, a Zurich-based renewable energy consultancy, has published its latest report, pointing out a significant drop in European PPA activity in March.

Shell aims to retire 120 million tonnes carbon dioxide equivalent of carbon credits in 2030, roughly 20 times the amount it did in the coronavirus pandemic-affected year of 2021.

The US Bureau of Land Management (BLM) has announced that it aims to approve the construction of 39 utility-scale solar projects totaling more than 29 GW of plant capacity on federal public lands in six western states through third quarter of 2025.

EDP Renewables, through its subsidiary EDP Renewables North America, has signed a 15-year power purchase agreement (PPA) with American pharmaceutical company Bristol Myers Squibb for 60 MW renewable energy from the 240-MW Cattlemen Solar Park in Milam Cou

The Portuguese government has promulgated a new decree on Monday, adopting exceptional measures to simplify permission procedure for renewable energy projects. The new rules are immediately effective for a period of two years.