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.
Continue reading “Canadian voluntary carbon offset firms”Huge mineral discovery for renewables
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.
Continue reading “Huge mineral discovery for renewables”Rapid uptake in renewables
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.
Continue reading “Rapid uptake in renewables”Critical minerals supply crunch to hurt green transition
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.
Continue reading “Critical minerals supply crunch to hurt green transition”The world needs hundreds of thousands more offshore wind turbines
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.
Continue reading “The world needs hundreds of thousands more offshore wind turbines”New rules for corporate greenwashing
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.
Continue reading “New rules for corporate greenwashing”Oil and gas to persist for decades
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.
Continue reading “Oil and gas to persist for decades”Can carbon markets get us to net zero?
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.
Continue reading “Can carbon markets get us to net zero?”Voluntary carbon market infrastructure
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.
Continue reading “Voluntary carbon market infrastructure”Singapore to become carbon market hub
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 on carbon credit collaboration.
Continue reading “Singapore to become carbon market hub”