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The New Zealand Government held on Wednesday its second carbon allowance auction for the year, auctioning 4.825 million tonnes of carbon credits on the NZX-EEX platform. Due to the strong demand, the prices went up to 76 New Zealand dollars per tonne, up

BP will purchase a 40.5% stake in and operate a solar, wind and green hydrogen project in Western Australia that, when completed, will be able to generate up to 26 GW of solar and wind power.

Investment in India’s renewable energy sector increased by more than 125% year on year to a record US$14.5 billion in the fiscal year 2021-22 (FY22), according to a report released last week by the Institute for Energy Economics and Financial Analysis (IE

United Nations-backed campaign ‘Race to Zero’ on Wednesday unveiled a tighter set of baseline criteria for the growing number of firms pledging to reducing greenhouse gas emissions.

After the European Parliament voted down the key parts of carbon market reform, France, the holder of the EU rotating presidency, plans to ask the bloc to enhance a mechanism to prevent excessive carbon price spikes as part of the most comprehensive refor

Microsoft, the world’s largest technology company, has inked a long-term power purchase agreement (PPA) with Amplus Solar, a subsidiary of Malaysian oil and gas corporation Petronas.

Green hydrogen, generated by renewable energy or from low-carbon power, is critical for reducing emissions, but it will only account for 5% of the global final energy mix by 2050, falling short of what is required to reach climate targets, global energy c

Better Energy, a Danish renewable energy developer, has signed a ten-year power purchase agreement (PPA) with Telenor and Telia in Denmark. Under the deal, Better Energy will oversee the construction of a solar park, which is scheduled to be completed and

More than a third of the world’s largest publicly traded corporations have set net zero goals, up from one-fifth in December 2020, according to Net Zero Tracker effort, a global research consortium.

Members of the European Parliament (EP) last week rejected proposals to include marine and road transport in the EU Emissions Trading Scheme (ETS). On the other hand, a proposal to expand its carbon market to all departing flights was approved.

US retail giant Walmart announced last week that it is testing three types of renewable energy to power its fleet, aiming to save energy and lower emissions.

To promote renewable generation, purchase and consumption, India’s federal government this week notified the Green Open Access Rules for further easing the access rules for green energy.