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World’s largest companies fall far short of net-zero, climate group says
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World’s largest companies fall far short of net-zero, climate group says

According to a study conducted by NewClimate Institute, some of the world's largest corporations are failing to live up to claims that they will achieve net-zero emissions targets, reducing carbon emissions by only 40% rather than the projected 100%. Amaz
February 09, 2022
The 10% wealthiest population is key to reach net zero, expert suggests
News

The 10% wealthiest population is key to reach net zero, expert suggests

To mitigate the climate crisis, limit carbon footprint has become a primary mission for the globe. According to a study, wealthy people’s carbon footprints is gradually increasing, accounted for a larger proportion of global emissions.
February 09, 2022
Element Critical inks PPA with NextEra Energy in Texas
News

Element Critical inks PPA with NextEra Energy in Texas

Element Critical, a leading provider of data center solutions, has inked a power purchase agreement with NextEra Energy Resources, making its Houston and Austin co-location data centers powered by 100% renewable energy.
February 09, 2022
EU carbon price hits record high, nearing 100 euros per tonne
News

EU carbon price hits record high, nearing 100 euros per tonne

On Friday, European Union's carbon permit price hit a new high, closing at above 96 euros, with analysts predicting that the landmark 100-euro mark will be reached soon.
February 08, 2022
Nord Pool to pilot hourly matching of renewables in UK
News

Nord Pool to pilot hourly matching of renewables in UK

To support renewable energy matching, energy exchange Nord Pool and start-up Granular plan to launch an auction system for hourly guarantees of origin (GOs) transaction in the third quarter, as part of a pilot project for establishing 24/7 renewable energ
February 08, 2022
Low-cost artificial leaf captures 100 times more carbon than other systems
News

Low-cost artificial leaf captures 100 times more carbon than other systems

Engineers at the University of Illinois Chicago have developed a low-cost artificial leaf that can capture carbon dioxide 100 times more efficiently than current systems. This artificial leaf works in the real environment, unlike other carbon capture syst
January 28, 2022
Seven Eastern Europe countries to adopt EU Guarantees of Origin
News

Seven Eastern Europe countries to adopt EU Guarantees of Origin

On January 26, the Energy Community revealed its plan to create an electronic system for Guarantees of Origin (GOs) in Albania, Bosnia and Herzegovina, Georgia, Kosovo, Moldova, Montenegro, and Ukraine.
January 28, 2022
Climate commitments at risk as global oil prices soar
News

Climate commitments at risk as global oil prices soar

British financial think tank Carbon Tracker released its new report on Thursday, writhing that, with global oil prices rising to US$90 per barrel, investors may be lured into long-term fossil fuel projects, destroying the world's hopes to limit carbon emi
January 27, 2022
Latin America sees surging demand for I-RECs amid renewables expansion
News

Latin America sees surging demand for I-RECs amid renewables expansion

In Latin America, high levels of renewable energy have raised demand for International Renewable Certificates (I-RECs), particularly in countries with substantial hydroelectric resources. These certificates are still in early stage in the area. However, t
January 27, 2022
EU carbon prices could rally further amid sky-high gas prices: experts
News

EU carbon prices could rally further amid sky-high gas prices: experts

The continuously increasing gas prices have turned European electricity generators to use more polluting coal-fired power and drive up demand for carbon permits. Analysts have thus upped their average price projections for carbon permits in Europe.
January 26, 2022
Offshore wind turbines could help realize carbon capture dreams
News

Offshore wind turbines could help realize carbon capture dreams

To mitigate climate change, research teams and tech start-ups are developing direct air capture devices, which can collect carbon dioxide from the atmosphere directly. Although the technology works, the early projects have been costly and energy consuming
January 26, 2022
Munich on track to decarbonize and achieve 100% renewables by 2025
News

Munich on track to decarbonize and achieve 100% renewables by 2025

Munich, Germany’s third largest city, is making significant progress in decarbonizing its power, with renewables expected to provide for 90% of the city's energy by 2022. The city estimates it is on track to meet its target of meeting all its energy deman
January 26, 2022
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