A small stock exchange in Toronto has become a global hub for companies trading in voluntary carbon offsets and more growth is expected, raising concerns about the effectiveness of the new investments for fighting climate change.
Massive phosphate deposits discovered in southwestern Norway could be large enough to supply electric vehicles, solar panels and fertilizer for at least 50 years. The depost contains 70 billion tonnes of the material. Phosphate contains phosphorus which is a key component of many green technologies as well as fertilizer.
A new report issued by RMI claims that fully one third of all the electricity the world needs will come from renewables by 2030 compared to 12% today.
The world is heading towards a turbulent period of energy transition where constraints on the supply of critical materials are increasingly likely to slow progress, according to a new study.
To reach the goal of net zero, the world may need as many as 200,000 offshore wind turbines generating 2,000 gigawatts (GW) of energy.
Companies will be subject to more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing.
Oil and gas will remain as leading sources of energy for decades to come on the back of a lagging energy transition, major industry players said at the Energy Asia conference held in Malaysia’s capital Kuala Lumpur this week.
Scientists, policymakers and others do agree on one thing: while companies should focus primarily on reducing their emissions, many are unlikely to eliminate them entirely for years to come – which leaves carbon markets an essential role.
In the fight against climate change, carbon markets are an important element of the drive to reduce emissions. Yet, while there is agreement about the desired outcomes of a functional carbon market, there is less consensus on the path, standards and infrastructure that will get us there.
In 2019, Singapore became the first country in south-east Asia to put a price on carbon – which companies will next year be able to offset by purchasing carbon credits. Last year, it became the first in the region to develop a carbon exchange. Also, it has signed a string of deals with developing countries …
