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Tesla earns US$679 million from sales of carbon credits in first quarter
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Tesla earns US$679 million from sales of carbon credits in first quarter

Tesla reported on Wednesday its first-quarter earnings, beating analysts’ expectations by selling more than twice as many carbon credits as in preceding quarters. Throughout the years, Tesla's revenues have been fueled by credit sales.
April 22, 2022
Denmark proposes standard carbon tax for businesses
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Denmark proposes standard carbon tax for businesses

The government of Denmark unveiled on Wednesday a standard carbon tax for businesses as a method to meet the country’s climate goal.
April 22, 2022
EU carbon prices jumps 9% as the bloc moves closer to market reform
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EU carbon prices jumps 9% as the bloc moves closer to market reform

The benchmark European carbon contract soared to nearly an eight-week high following news of potential European Union market reform, and technical purchasing drove the contract through resistance levels of the past few weeks.
April 21, 2022
ExxonMobil projects carbon capture market to be worth $4 trillion by 2050
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ExxonMobil projects carbon capture market to be worth $4 trillion by 2050

Exxon Mobil predicts that by 2050, the market for carbon capture and sequestration will be worth US$4 trillion, according to a presentation given on Tuesday.
April 21, 2022
Renewable market size to hit $1,998.03 billion by 2030 with Asia Pacific leading the way
News

Renewable market size to hit $1,998.03 billion by 2030 with Asia Pacific leading the way

As worries about climate change and pollution levels continue to grow, the worldwide renewable energy market size is expected to value around US$1.9 trillion by 2030, with a compound annual growth rate of 8.6% from 2022 to 2030, according to Precedence Re
April 21, 2022
WINT launches new tool to help businesses cut water waste and carbon footprint
News

WINT launches new tool to help businesses cut water waste and carbon footprint

WINT Water Intelligence, an American water management company, has released a new set of data-driven tools to help businesses reduce carbon and other greenhouse gas emissions from water use and waste, as well as their carbon footprints.
April 20, 2022
EU mulls toughening renewable targets to cut Russian energy reliance
News

EU mulls toughening renewable targets to cut Russian energy reliance

The European Union is considering setting more ambitious targets for its renewable energy capacity expansion as part of its efforts to cut its over-dependency on Russian fossil fuels, according to Frans Timmermans, the Executive Vice President of the Euro
April 20, 2022
Microsoft inked 15-year solar PPA with ATCO Group
News

Microsoft inked 15-year solar PPA with ATCO Group

Canada-based ATCO Group announced on Tuesday that it has entered into a 15-year power purchase agreement with Microsoft. Under the deal, Microsoft will purchase all renewable energy generated by ATCO's Deerfoot solar facility in Calgary, Alberta.
April 20, 2022
BlackRock expects 75% of its assets to be backed by science-based climate targets by 2030
News

BlackRock expects 75% of its assets to be backed by science-based climate targets by 2030

BlackRock announced last week that by 2030, at least 75% of the corporate and sovereign assets it manages on behalf of clients will be in issuers with science-based targets for climate change.
April 19, 2022
Satellite data can help improve transparency in emission reporting
News

Satellite data can help improve transparency in emission reporting

Scientists have developed new methods for comparing national greenhouse gas inventories with independent measurements collected from space, according to new research published in Earth System Science Data.
April 19, 2022
New York approves two massive renewable projects to cut fossil fuel reliance
News

New York approves two massive renewable projects to cut fossil fuel reliance

The New York Public Service Commission had approved on Thursday two renewable energy projects, which are expected to boost clean power in the state and put the state on track to meet its climate goal.
April 19, 2022
Foxconn to buy 70 million kWh of green energy in Taiwan by 2030
News

Foxconn to buy 70 million kWh of green energy in Taiwan by 2030

Foxconn, Taiwanese electronics manufacturing giant, has signed an agreement on Friday with Foxwell Power, a subsidiary of solar power supplier Shinfox Energy, to procure 2.36 million kWh of green electricity this year.
April 18, 2022
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