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India approves 200 million infusions in IREDA to boost renewable energy financing
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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
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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
Uruguay launches blockchain-powered REC platform
News

Uruguay launches blockchain-powered REC platform

A renewable energy certification scheme has been established by Uruguay's grid operator UTE and the Ministry of Industry, Energy, and Mining. The application, which is based on Energy Web's decentralized operating system, is designed to allow businesses t
January 17, 2022
EU’s proposed carbon pricing rules let half of Europe’s ships off the hook
News

EU’s proposed carbon pricing rules let half of Europe’s ships off the hook

The European NGO Transport & Environment (T&E) found in a new study that the European Commission's proposed carbon pricing scheme for shipping will let small vessels slip through the net, exempting millions of tonnes of carbon dioxide from tax.
January 14, 2022
Built of hemp, France’s Pierre Chevet sports hall may become a carbon sink
News

Built of hemp, France’s Pierre Chevet sports hall may become a carbon sink

Located in Croissy-Beaubourg, France, the Pierre Chevet sports hall is made from hempcrete (a mix of hemp, lime, and water) blocks and has become the world’s very first carbon-negative public building.
January 14, 2022
European PPA prices surge 8% amid deepening energy crisis
News

European PPA prices surge 8% amid deepening energy crisis

According to new analysis from LevelTen Energy, a provider of renewable transaction infrastructure, Europe’s ongoing energy crisis has led to increases in renewable power purchase agreement (PPA) prices, which climb 7.8% quarter over quarter.
January 14, 2022
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