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New renewable energy initiative aims to benefit developing countries
News

New renewable energy initiative aims to benefit developing countries

A new not-for-profit initiative called the Distributed Renewable Energy Certificate (D-REC), backed by multiple stakeholders, is developing an internationally recognised market instrument acting as a guarantee of origin for distributed renewable energy.
October 18, 2022
Australia to pledge to cut methane emissions by 30%
News

Australia to pledge to cut methane emissions by 30%

Australia’s new left-leaning government is set to commit to reducing global methane emissions by 30% by 2030.
October 17, 2022
EU countries eye scaling down 45% renewables target
News

EU countries eye scaling down 45% renewables target

EU countries are considering revising REPowerEU, the European Commission’s plan to shift away from Russian fossil fuels, including scrapping a proposed 45% renewable energy target for 2030, according to a document seen by EURACTIV.
October 14, 2022
Buying carbon credit could curb company’s climate efforts, warns UK advisers
News

Buying carbon credit could curb company’s climate efforts, warns UK advisers

Using cheap carbon offsets to meet net zero targets could curb companies’ efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday.
October 13, 2022
London Stock Exchange introduces listing rules for carbon offset
News

London Stock Exchange introduces listing rules for carbon offset

The London Stock Exchange has set listing rules for companies that finance carbon offset projects to grow the market and enhance transparency.
October 12, 2022
UK set to impose revenue cap on renewable energy generators
News

UK set to impose revenue cap on renewable energy generators

The UK government has announced to introduce the ‘Cost-Plus Revenue Limit,’ a temporary cap on renewable energy companies’ revenue, to curb the impact of soaring wholesale power prices.
October 12, 2022
BNEF: Renewables investment must quadruple by 2030
News

BNEF: Renewables investment must quadruple by 2030

To reach net-zero emissions by 2050 and limit global warming to 1.5C temperature, investment in renewable energy sources needs to exceed finance flows to fossil fuels by a factor of four over the next decade, according to a report published by BloombergNE
October 07, 2022
Germany added 803 MW of solar, wind in August
News

Germany added 803 MW of solar, wind in August

Germany commissioned 561.35 MW of solar power plants and a 152.11 MW of onshore wind farms in August, according to the latest figures from the Federal Network Agency.
October 05, 2022
Wood Mackenzie: Decarbonizing iron and steel industry requires $1.4 trillion investment
News

Wood Mackenzie: Decarbonizing iron and steel industry requires $1.4 trillion investment

Decarbonizing the iron and steel industry requires $1.4 trillion of investment, of which $250 billion is for carbon credits, according to Wood Mackenzie’s latest report, Pedal to the Metal: Iron and steel’s $1.4 trillion shot at decarbonization.
October 05, 2022
Queensland’s Kaban wind farm connects to SuperGrid
News

Queensland’s Kaban wind farm connects to SuperGrid

The 157-MW Kaban wind farm in Queensland’s Far North region has officially connected to the state’s new SuperGrid.
October 04, 2022
Malaysia to become major carbon market in Asia: McKinsey
News

Malaysia to become major carbon market in Asia: McKinsey

Malaysia is poised to become one of Asia's leading carbon markets, according to global consulting giant McKinsey & Co.
October 03, 2022
Lifecycle emissions from cars nearly carbon-heavy per euro as oil firms
News

Lifecycle emissions from cars nearly carbon-heavy per euro as oil firms

A study by environmental NGO Transport & Environment shows that lifetime carbon emissions of a car are so high that investing in carmakers funds almost as much as carbon dioxide per euro as investing in an oil company.
September 30, 2022
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