Singapore is actively developing its carbon market to become a global hub for carbon trading. A key step in this direction was the country’s first-ever carbon credit auction, which attracted over S$1.3 billion (around $1 billion) in bids. A carbon credit is a certificate representing one tonne of carbon dioxide (CO2) removed from or prevented […]
Frontier has signed offtake agreements with Norway’s Hafslund Celsio for the first-ever carbon capture retrofit at their waste-to-energy facility. Such plants recover energy from waste treatment, usually in the form of heat or electricity. Hafslund Celsio is the country’s largest district heating provider and operator of the biggest waste incineration plant near Oslo. The press […]
Lithium prices have been unpredictable due to global tensions and mining difficulties. As reported by S&P Global, in 2023, lithium carbonate prices shot up past $80,000 per metric ton but later dropped as supply increased and demand slowed. By early 2024, prices stabilized out but remained weak. But as of March 21, Platts assessed lithium […]
Stellantis, one of Europe’s largest car manufacturers, has announced plans to continue purchasing carbon dioxide (CO₂) emission credits from Tesla in 2025. This decision comes after new EU rules: Starting in 2025, automakers can average their emissions over three years, until 2027. This policy change gives automakers more flexibility to meet emission targets. However, Stellantis […]
EFM, a forest investment and management firm, has signed a long-term deal with Meta. They will provide 676,000 carbon removal credits by 2035. This agreement will transform 68,000 acres of forest on Washington’s Olympic Peninsula to “climate-smart management”, removing over one million tonnes of carbon emissions in the next ten years. Bettina von Hagen, CEO […]
Corporate clean energy contracts have hit an impressive 100 gigawatts (GW) globally, a major milestone for renewable energy, as reported by the Clean Energy Buyers Association (CEBA). This shows that more businesses are opting for clean energy to cut their carbon footprint and move toward sustainable energy. As more companies invest in clean energy, the […]
Battery storage is essential for making renewable energy more reliable. It collects extra energy from solar and wind, making electricity ready when needed. However, artificial intelligence (AI) is taking battery management to the next level. Experts say AI software is now essential for managing large battery systems. Companies are using AI for more than basic […]
Xpansiv, a leading infrastructure provider for global energy transition markets, has announced the launch of its CBL GEO® CORSIA first compliance phase (GEO CP1) standardized spot contract on April 29, 2025. This contract will help the international aviation sector meet carbon offsetting needs. It supports the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). […]
BYD hit new highs in 2024, reporting record revenue and accelerating its sustainability efforts. Quite interestingly, it has taken down Tesla. What fueled the Chinese EV giant’s record-breaking success? Surging EV sales and bold green energy initiatives propelled BYD to the top. BYD’s Profits and Sales Hit New Highs BYD’s net profit jumped 73.1% in […]