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Denmark pushes forward ‘energy islands’ to cut reliance on Russia
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Denmark pushes forward ‘energy islands’ to cut reliance on Russia

Denmark, a world pioneer in the offshore wind power, plans to expand its renewable energy portfolio with the world’s first “energy islands.”
May 05, 2022
India orders mandatory bundling of renewables with coal-based plants
News

India orders mandatory bundling of renewables with coal-based plants

The Indian government plans to make bundling of conventional electricity with renewable energy mandatory for all generation companies in the country, including private ones, to reduce the country’s coal demand and make electricity prices cheaper or more a
May 04, 2022
India’s central bank urges cement sector to cut emissions
News

India’s central bank urges cement sector to cut emissions

In a recent report, the Reserve Bank of India (RBI) pushed for technological intervention to address carbon emissions from the cement industry to help India meet its net-zero emission targets.
May 04, 2022
ReNew Energy inks PPAs for almost 2 GW solar power in India
News

ReNew Energy inks PPAs for almost 2 GW solar power in India

ReNew Energy Global, an Indian renewable energy company, announced on Tuesday that it has entered into several power purchase agreements (PPAs) with utilities and corporate off-takers in India totaling about 2 GW of solar energy.
May 04, 2022
EU emission allowances forecast to climb but uncertainty remains amid war
News

EU emission allowances forecast to climb but uncertainty remains amid war

As high gas prices push electricity generators to use more coal-fired power, analysts have upped their European carbon market average price forecasts for 2024, but have cautioned that the Russia-Ukraine conflict might stifle industrial activity and decrea
May 03, 2022
1.2 billion carbon credits surplus might flood market
News

1.2 billion carbon credits surplus might flood market

A total surplus of 1.2 billion metric tons of carbon credits might flood the carbon market at short notice, according to an analyst from London-based Trove Research.
May 03, 2022
European PPA prices surge 10% in first quarter as cost pressures build
News

European PPA prices surge 10% in first quarter as cost pressures build

According to the recent data from climate tech platform Zeigo, offer price in Europe’s power purchase agreement (PPA) markets grew by 10% to 15% depending on project location in the first quarter of 2022 as a result of growing commodity and raw material c
May 03, 2022
India plans to launch its own carbon trading market to finance energy transition
News

India plans to launch its own carbon trading market to finance energy transition

India, one of the world’s largest exporters of carbon credits, plans to launch its own uniform carbon market in a year as a major source of funding for energy transition and emission reduction projects.
April 27, 2022
Renewables to double by 2050, oil demand to peak before 2030, projects McKinsey
News

Renewables to double by 2050, oil demand to peak before 2030, projects McKinsey

The energy transition is continuing, with renewable energy’s share of global power output predicted to double in the next 15 years, while total fossil fuel demand is expected to peak before 2030, according to McKinsey’s annual report.
April 27, 2022
LG Chem signs Korea’s first long-term contract for renewable energy certificate
News

LG Chem signs Korea’s first long-term contract for renewable energy certificate

LG Chem announced on Sunday that it had signed a 20-year long-term purchase contract for renewable energy certificates (REC) at Samcheonpo Thermal Power Plant with Korea South-East Power to ensure a stable supply of renewable energy.
April 27, 2022
UK carbon market covered 107 million tonnes of carbon dioxide in 2021
News

UK carbon market covered 107 million tonnes of carbon dioxide in 2021

Carbon dioxide emissions covered by the UK’s emissions trading scheme (ETS) in the first year of operation in 2021 were 107.8 million tonnes, according to the UK ETS Authority.
April 26, 2022
OCBC to launch tokenized carbon credits for hard-to-abate sectors
News

OCBC to launch tokenized carbon credits for hard-to-abate sectors

The Oversea-Chinese Banking (OCBC) and the Metaverse Green Exchange (MVGX), a Singapore-based green digital asset marketplace, announced on Monday that they are joining forces to take climate action.
April 26, 2022
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