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US clean energy reach 200 MW milestone but sees barriers ahead
News

US clean energy reach 200 MW milestone but sees barriers ahead

Wind, utility solar, and battery storage power capacity in the United Stated surpassed 200 GW in 2021, following the commissioning of 28.5 GW of clean energy projects, according to the Clean Power Annual Market Report 2021 released by American Clean Power
May 19, 2022
Steel industry emissions to fall 30% by 2050: Woodmac
News

Steel industry emissions to fall 30% by 2050: Woodmac

As more mills switch to less-polluting electric arc furnaces (EAF), carbon dioxide emissions from the world’s steel sector are expected to drop 30% by 2050 compared to last year, according to a study released on Tuesday by consultancy Wood Mackenzie.
May 18, 2022
Indonesia, PNG restrictions may stifle carbon credit market
News

Indonesia, PNG restrictions may stifle carbon credit market

With two major carbon credit exporters in the Asia-Pacific—Indonesia and Papua New Guinea—declaring to cut back on generation, the fast-growing market is now facing challenges.
May 18, 2022
Microsoft pens largest-ever P-REC deal to fund solar project in DR Congo
News

Microsoft pens largest-ever P-REC deal to fund solar project in DR Congo

After Microsoft’s inaugural purchase of Peace Renewable Energy Credits (P-RECs) in 2020, the tech giant signed another deal to acquire credits from solar facilities in Goma, Democratic Republic of the Congo (DRC).
May 18, 2022
Germany calls for a 60-euro minimum carbon price in Europe
News

Germany calls for a 60-euro minimum carbon price in Europe

As Brussels continues talks on an amendment to the EU’s Emission Trading Scheme (ETS) directive, Germany is pushing for a minimum price of 60 euros per tonne of carbon dioxide, claiming that if the EU does not act, it will do so through national measures,
May 17, 2022
Digital Realty contracts for 158 MW solar energy in California, Georgia
News

Digital Realty contracts for 158 MW solar energy in California, Georgia

Data center operator Digital Realty announced last week that it has entered into two renewable power purchase agreements (PPAs) in California and Georgia for 158 MW of solar energy.
May 17, 2022
Australia’s hydrogen Guarantee of Origin Scheme enters trial phase
News

Australia’s hydrogen Guarantee of Origin Scheme enters trial phase

Australia’s Department of Industry, Science, Energy and Resources has developed the Guarantee of Origin (GO) scheme to verify hydrogen production emissions. The scheme has entered into its first trial phase, with 19 trial participants having signed up to
May 17, 2022
Companies committed to SBTi targets represent $38 trillion economy
News

Companies committed to SBTi targets represent $38 trillion economy

A record number of firms are committing to and adopting science-based climate targets, according to a recent report released by the Science-Based Objectives Initiative (SBTi), the global organization that encourages firms to set science-based emissions re
May 16, 2022
US lawmakers mull import fee for carbon-intensive products
News

US lawmakers mull import fee for carbon-intensive products

The two parties of the US Congress are currently discussing a potential bipartisan energy and climate bill, including the possibility of imposing a levy on carbon-intensive products entering the country, according to local media.
May 16, 2022
BMW’s new Hungarian plant to be world’s first fossil-free car factory
News

BMW’s new Hungarian plant to be world’s first fossil-free car factory

German carmaker BMW plans to run its new factory in Debrecen, Hungary, fully on renewable electricity, completely dispensing with fossil fuel, the company’ chief executive Oliver Zipse said on the Annual General Meeting on Wednesday.
May 16, 2022
India rolls out renewable energy certificate multiplier to boost new technologies
News

India rolls out renewable energy certificate multiplier to boost new technologies

India’s Central Electricity Regulatory Commission (CERC) released on Monday a new notification, introducing the idea of multiplier for renewable energy certificates (RECs) for new projects depending on the tariff range of various renewable technologies, w
May 13, 2022
EU lawmakers back market restrictions to curb speculation
News

EU lawmakers back market restrictions to curb speculation

Senior members of the European Parliament’s environment committee have reached initial agreement on a plan to restrict market speculators’ access to the European carbon market, as well as to tighten the carbon market by pushing for a 67% cut in emissions
May 13, 2022
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