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Germany launches $53 bln scheme to help industrial sector decarbonize
News

Germany launches $53 bln scheme to help industrial sector decarbonize

Germany launches a program that will make tens of billions of euros available for firms facing considerable energy costs, with an aim to help its challenged industrial sector fund a shift towards carbon-neutral production techniques.
June 09, 2023
Ikea Adelaide store hosts Australia’s largest commercial microgrid
News

Ikea Adelaide store hosts Australia’s largest commercial microgrid

The Ikea Adelaide store now has Australia’s largest grid-connected commercial microgrid, which features a 1.2 MW rooftop solar system and a 3 MW/3.45 MWh energy storage system supported by Planet Ark Power’s eleXsys energy management system for surplus ex
June 07, 2023
UN controversial document sparks global debate on carbon offsets
News

UN controversial document sparks global debate on carbon offsets

A draft document to define a new global carbon market released last month by the United Nations elevated nature-based solutions like planting trees while downplaying the role of carbon dioxide removal (CDR) via machines or other forms of technology.
June 07, 2023
IEA: Global solar additions to hit 310 GW in 2024
News

IEA: Global solar additions to hit 310 GW in 2024

The International Energy Agency (IEA) has released a new recent market report update regarding the outlook for renewable energy in 2023 and 2024.
June 07, 2023
From sea to land, China aims to trap 2mln tonnes of carbon
News

From sea to land, China aims to trap 2mln tonnes of carbon

China has taken a major step forward in delivering carbon neutrality after launching projects to capture carbon. The projects located on land and at sea will help the country reduce the release of nearly two million tonnes of carbon dioxide into the atmos
June 07, 2023
Japan pledges $107 bln in deploying hydrogen over 15 years
News

Japan pledges $107 bln in deploying hydrogen over 15 years

Japan plans to invest 15 trillion yen ($107.5 billion) over next 15 years to supply the country with hydrogen, the government said on June 6, as it speeds up efforts to use the gas to shift to a low carbon economy.
June 07, 2023
Renewable energy set to break records in 2023, IEA says
News

Renewable energy set to break records in 2023, IEA says

With the global energy crisis as a catalyst, solar PV and wind are set to lead the largest annual increase in new renewable capacity ever, IEA report shows.
June 06, 2023
Carbon markets predicted to face short-term price dips
News

Carbon markets predicted to face short-term price dips

Despite forecasting near-term declines in carbon prices amid political and macroeconomic uncertainty, market participants are optimistic that reforms will push compliance market prices higher in the coming years and the voluntary carbon market will grow t
June 06, 2023
Shell buys 1.1 GW of solar projects in Spain
News

Shell buys 1.1 GW of solar projects in Spain

Oil giant Shell has acquired 12 solar projects in Spain with a total capacity of 1.1 GW from renewables developer Isemaren, its head of renewables generation Thomas Brostrom said.
June 05, 2023
Delta Air faces lawsuit over carbon-neutral claims
News

Delta Air faces lawsuit over carbon-neutral claims

A consumer class action lawsuit filed Tuesday alleges Delta Air Lines inaccurately billed itself as the world's “first carbon-neutral airline” while relying on carbon offsets that were largely fraudulent.
June 05, 2023
California aims over 400% growth in clean energy by 2045
News

California aims over 400% growth in clean energy by 2045

California has made major strides in the energy transition from carbon-based fuels to a power supply that is zero emissions by 2045. Governor Gavin Newsom issued an annual report underlining the progress, remarking that the state is“on pace”to reach the g
June 05, 2023
Greenlandic rock flour can capture significant CO2, study finds
News

Greenlandic rock flour can capture significant CO2, study finds

Rock flour produced by the grinding under Greenland’s glaciers can capture climate-heating CO2 when spread on farm fields, research has shown for the first time.
June 02, 2023
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