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Seven Eastern Europe countries to adopt EU Guarantees of Origin
News

Seven Eastern Europe countries to adopt EU Guarantees of Origin

On January 26, the Energy Community revealed its plan to create an electronic system for Guarantees of Origin (GOs) in Albania, Bosnia and Herzegovina, Georgia, Kosovo, Moldova, Montenegro, and Ukraine.
January 28, 2022
Climate commitments at risk as global oil prices soar
News

Climate commitments at risk as global oil prices soar

British financial think tank Carbon Tracker released its new report on Thursday, writhing that, with global oil prices rising to US$90 per barrel, investors may be lured into long-term fossil fuel projects, destroying the world's hopes to limit carbon emi
January 27, 2022
Latin America sees surging demand for I-RECs amid renewables expansion
News

Latin America sees surging demand for I-RECs amid renewables expansion

In Latin America, high levels of renewable energy have raised demand for International Renewable Certificates (I-RECs), particularly in countries with substantial hydroelectric resources. These certificates are still in early stage in the area. However, t
January 27, 2022
EU carbon prices could rally further amid sky-high gas prices: experts
News

EU carbon prices could rally further amid sky-high gas prices: experts

The continuously increasing gas prices have turned European electricity generators to use more polluting coal-fired power and drive up demand for carbon permits. Analysts have thus upped their average price projections for carbon permits in Europe.
January 26, 2022
Offshore wind turbines could help realize carbon capture dreams
News

Offshore wind turbines could help realize carbon capture dreams

To mitigate climate change, research teams and tech start-ups are developing direct air capture devices, which can collect carbon dioxide from the atmosphere directly. Although the technology works, the early projects have been costly and energy consuming
January 26, 2022
Munich on track to decarbonize and achieve 100% renewables by 2025
News

Munich on track to decarbonize and achieve 100% renewables by 2025

Munich, Germany’s third largest city, is making significant progress in decarbonizing its power, with renewables expected to provide for 90% of the city's energy by 2022. The city estimates it is on track to meet its target of meeting all its energy deman
January 26, 2022
China’s carbon price may surge to 65 yuan per ton if government tighten benchmarks
News

China’s carbon price may surge to 65 yuan per ton if government tighten benchmarks

The Chinese government is reportedly to consider a steeper cut in carbon quotas, which would result in a higher cost for small and inefficient coal power plants.
January 25, 2022
Meta signs PPA with Apex for 225 MW wind project in Iowa
News

Meta signs PPA with Apex for 225 MW wind project in Iowa

Meta, formerly known as Facebook, has sealed a deal to acquire wind energy from Apex Clean Energy under a power purchase agreement (PPA). The company will purchase the entire 225 MW capacity of the Great Pathfinder Wind project in Boone and Hamilton Count
January 25, 2022
Indonesia state utility steps up supply of renewable energy certificates
News

Indonesia state utility steps up supply of renewable energy certificates

PT Perusahaan Listrik Negara (PT PLN), Indonesia’s state-owned electricity company, and PT MAS Sumbiri, a multinational firm engaged in the production of clothes, have signed a contract for the purchase of Renewable Energy Certificates (REC), demonstratin
January 25, 2022
Australia’s carbon credits price soar 20% as business bets on Labor
News

Australia’s carbon credits price soar 20% as business bets on Labor

As Australia’s federal election approaches, companies are locking in supply of offset agreements several years in advance to prepare for the possibility of a Labor government requiring emission reductions, pushing the forward price of carbon credits to a
January 24, 2022
Better Energy inks solar PPA with 12 firms in Denmark
News

Better Energy inks solar PPA with 12 firms in Denmark

Better Energy, a Danish developer, has signed a power purchase agreement with a group of 12 companies who have formed a partnership with Energi Danmark. The deal will allow Better Energy to build a solar park in Denmark.
January 24, 2022
Singapore plans to increase carbon tax in 2022 budget
News

Singapore plans to increase carbon tax in 2022 budget

Singapore's Finance Minister Lawrence Wong has said in parliamentary interpellation that the government plans to raise the carbon tax in its 2022 Budget.
January 21, 2022
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