The real value of the voluntary carbon market is now around $2 billion, with rising price trends of ~170 types of carbon credits as per a recent Ecosystem Marketplace (EM) report. EM, a Forest Trends initiative, has been tracking and reporting on the state of the VCM since 2006. Their latest briefing reveals that the current VCM […]

A Bill to amend a 20-year law, the Energy Conservation Act, was introduced in Parliament Wednesday. One of the most significant provisions of the Bill is to create a domestic carbon market. In order to facilitate the achievement of more ambitious climate change targets and ensure a faster transition to a low-carbon economy, the government is […]

Innovative biomass projects across the UK have today been awarded £37 million in funding. £32 million government funding to increase UK production of sustainable biomass, which can be used as a renewable energy source further £5 million to support innovative new technologies that will generate hydrogen from biomass and waste biomass can be used for […]

With energy and fuel costs at an all-time high, the world is seeking cost-effective solutions for moving away from oil and gas for energy needs. Luckily, a new study by Stanford University says that it might not be as difficult as we think to move toward renewable energy sources. After examining 145 countries, the researchers have stated […]

Inflation Reduction Act includes funds for national green bank meant to accelerate clean energy projects You’ve heard of the gold rush? Get ready for the green rush. With close to $370 billion US ($475 billion Cdn) on the table, the race will soon be on south of the border to secure some of the clean-energy […]

A stable supply of renewable energy is key to sustainable digitalisation efforts. Governments should remove regulatory hurdles, incentivise corporate renewable energy investment and support digital technologies to accelerate sustainability innovation, said experts at the AWS Sustainability Summit 2022. As the world confronts the growing urgency of the climate crisis, hyperscale computing companies are stepping up their […]

The Senate has voted to pass the Inflation Reduction Act, which includes nearly $400 billion over 10 years in funding for climate and energy-related programs, and an extension and improvement of the US electric car tax credit. Update: Since many EVs may lose access to tax credits within a week or so, we’ve posted an article to help […]

As gas prices top $5.00 a gallon nationwide and economists ponder when demand destruction will really kick in, many wonder whether the electric vehicle (EV) industry is benefitting. Data shows that new EV purchases jumped in Q1, and many industry watchers speculate high gas prices are driving this behavior. But a new study from Autolist — an online car shopping […]

(CNN) — Volkswagen has been saying for years that it intends to, one day, sell more electric cars than Tesla. That could finally happen in 2024, according to a new report from Bloomberg Intelligence. Over the next few years, these two automakers will battle to be the leader in global electric vehicle sales, leaving the rest of the […]

Sony and Honda have officially signed a joint venture agreement to establish a company to build electric cars together. The new company will be called “Sony Honda Mobility Inc.,” notably giving Sony top billing over the established automaker. The company will also focus on “mobility services,” building on Sony’s January announcement of the formation of “Sony […]

Oil and gas supermajor BP has agreed to take a 40.5% equity stake in the Asian Renewable Energy Hub, a vast project planned for Australia set to span an area of 6,500 square kilometers. In an announcement Wednesday, BP said it would become the operator of the development, adding that it had “the potential to be one […]

A provisional code of practice that aims to “bring integrity to corporate claims made about voluntary use of carbon credits” is to be road-tested by a host of leading businesses, including global giants such as Google, Unilever and Hitachi. The provisional code was launched this week by the Voluntary Carbon Markets Integrity initiative (VCMI) and […]

In this week’s highlights: Crude prices fluctuate amid global uncertainty; anxiety continues to build in Europe over gas flow reductions; the EU Parliament is set to vote on crucial carbon market reforms; and Q3 petrochemical contract pricing negotiations begin. In this week’s highlights: Anxiety continues to build in Europe over gas flow reductions, the EU […]