Indonesia plans to start offering carbon credit certificates to international buyers next week, the country’s carbon exchange said, to raise funds to help efforts to achieve its carbon neutrality target. Indonesia is an archipelago with the world’s third-largest rainforest area, but is also one of the world’s top 10 green house gas emitters. The first...
Google will buy carbon credits from an Indian initiative that turns large amounts of agricultural waste into biochar – a form of charcoal that removes carbon dioxide from the atmosphere and returns it to the soil, it said on Thursday. The deal – signed by Google and Indian supplier Varaha – is one of the biggest...
With some 55% of the world’s GDP either moderately or heavily dependent on nature, according to PwC, opens new tab, much more finance needs to flow away from activities that harm nature towards activities that support it. Indeed, the U.N. Environment Programme estimates , opens new tabthat annual investments in nature-based solutions (NbS) need to increase from $200...
Climate activists from Just Stop Oil painted over the grave of British naturalist Charles Darwin at London’s Westminster Abbey on Monday. Two activists entered Westminster Abbey – Britain’s site for royal weddings, coronations, burials and a major tourist attraction – on Monday morning and used spray chalk on Darwin’s grave, the campaign group said in...
Wind power was Britain’s largest source of electricity in 2024, topping gas-fired power plants for the first time, data showed on Tuesday. Britain has almost 15 gigawatts (GW) of installed offshore wind power and aims to quadruple that to 60 GW by 2030 as part of plans to largely decarbonise its power sector by then....
Constellation Energy has been awarded a record $1 billion in contracts to supply nuclear power to the U.S. government over the next decade, the company said on Thursday. Constellation, the country’s largest operator of nuclear power plants, will deliver electricity to more than 13 federal agencies as part of the agreements with the U.S. General...
The U.S. Treasury Department intends to release guidance on how to access tax credits for hydrogen production under the 2022 Inflation Reduction Act later this week, according to two sources familiar with the matter. The long-awaited guidance will provide a pathway for hydrogen produced using nuclear power to access the credits, the sources told Reuters,...
Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago. The U.S. is the world’s largest exporter of the superchilled gas and a key provider of gas to Europe in...
Geothermal energy startups are on the upswing with Big Tech companies looking to feed their power-intensive AI data centers, but long-term investments remain uncertain as oil majors double down on natural gas. Meta and Alphabet’s Google are among the tech companies partnering with startups proposing to produce geothermal electricity, to power their data centers. Large data-center operators...
Hanwha Corp’s Qcells said on Wednesday it had made a breakthrough in an emerging solar technology that has the potential to reduce the amount of space required by panels that generate power from the sun’s rays. Space is among the most pressing issues for the rapidly growing solar power industry, which has encountered growing opposition...
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