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ADGM becomes world’s first ‘carbon neutral’ international financial center
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ADGM becomes world’s first ‘carbon neutral’ international financial center

The Abu Dhabi Global Market (ADGM) announced on Wednesday that it had achieved carbon-neutrality status by offsetting its 2021 carbon emissions. It is reportedly the world's first carbon-neutral international financial center.
January 21, 2022
Verizon signs seven virtual PPA for 910 MW of new renewables
News

Verizon signs seven virtual PPA for 910 MW of new renewables

On January 20, US telecom provider Verizon announced seven new renewable energy purchase agreements for an aggregate of approximately 910 MW of renewable energy capacity. The deals are expected to finance the powering of seven solar and wind facilities un
January 21, 2022
Axpo signs 300MWp solar power supply contract with R.power Group
News

Axpo signs 300MWp solar power supply contract with R.power Group

Axpo, Switzerland's largest producer of renewable energy, has inked a Power Purchase Agreement (PPA) with Polish solar developer R.Power Group for the distribution of electricity produced by a 300 MWp array of solar power plants in Poland.
January 20, 2022
New CO2 conversion technology offers new route for carbon storage
News

New CO2 conversion technology offers new route for carbon storage

As climate crisis worsens, reducing carbon dioxide emissions becomes the world’s primary task. Researchers at Royal Melbourne Institute of Technology, Australia, have developed a new method to instantly convert carbon dioxide into solid carbon that can be
January 20, 2022
India approves 200 million infusions in IREDA to boost renewable energy financing
News

India approves 200 million infusions in IREDA to boost renewable energy financing

On January 19, India’s Cabinet Committee on Economic Affairs (CCEA) and the Union Cabinet decided in a meeting to approve a Rs 1,500 crore equity infusion in the Indian Renewable Energy Development Agency (IREDA) Limited.
January 20, 2022
Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
News

Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices

The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,
January 19, 2022
Exxon aims for net-zero emission by 2050 amid industry’s race to carbon reduction
News

Exxon aims for net-zero emission by 2050 amid industry’s race to carbon reduction

Exxon Mobil Corp, the American oil and gas giant, announced on Tuesday its ambition to reach net-zero emission from its global operations by 2050, catching up with competitors that are reducing their carbon footprints.
January 19, 2022
EU to adopt new calculating rules for renewable cooling
News

EU to adopt new calculating rules for renewable cooling

Last December, the European Commission (EC) released new criteria for calculating the amount of renewable cooling and district cooling that can be used to meet the EU's renewable energy targets.
January 19, 2022
BNEF report finds carbon offset prices could climb 50-fold by 2050
News

BNEF report finds carbon offset prices could climb 50-fold by 2050

BloombergNEF, a strategic research provider, released its inaugural Long-Term Carbon Offset Outlook 2022, an annual analysis that will update the global carbon offsetting market trends and forecasts.
January 18, 2022
Philippines publishes list of renewables projects eligible for renewable portfolio standards
News

Philippines publishes list of renewables projects eligible for renewable portfolio standards

The Philippine Department of Energy (DoE) has unveiled the list of operational renewable energy projects that are eligible for the country’s renewable portfolio standards (RPS), which require electricity providers to source a certain percentage of their e
January 18, 2022
Carbon capture tax credit ready to go in Canada
News

Carbon capture tax credit ready to go in Canada

Canada is set to introduce a tax credit for carbon capture investments, a critical step to cut greenhouse-gas emissions from the oil sands and will shortly lay out its 2030 pollution reduction goals.
January 17, 2022
Sinaran inks 25-year solar PV deal with Wang You and Technology PP
News

Sinaran inks 25-year solar PV deal with Wang You and Technology PP

Metronic Global Berhad, a Malaysian engineering firm, announced on January 13 that its majority owned subsidiary Sinaran PPA Sdn Bhd would construct over 4 MWp of solar PV facilities under power purchase agreements (PPAs) with Wang You, an investment hold
January 17, 2022
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