Forests play a massive role in fighting climate change. They capture atmospheric carbon, helping offset greenhouse gas (GHG) emissions. However, with nearly 50% of global GHG emissions released in just the past 40 years, forest-based climate solutions need rapid scaling. Let’s understand the current scenario of the forest carbon credit market here. The Need for […]
On April 2, 2025, President Donald Trump announced a series of tariffs, referring to the day as “Liberation Day.” These tariffs include a universal 10% levy on all imported goods and higher rates for specific countries, such as an additional 34% on Chinese imports, which now totals 54%, and 20% on those from the European […]
Duke Energy is one of the largest energy companies in the U.S to hit a major milestone last month. The U.S. Nuclear Regulatory Commission approved a 20-year license renewal for its Oconee Nuclear Station. This means the plant’s three reactors can keep running safely and supplying clean, reliable electricity through the 2050s. Most significantly, it supports […]
The U.S. Department of Agriculture (USDA) is investing $537 million in 543 biofuel projects across 29 states, as USDA Secretary Brooke Rollins announced. This funding comes from the Higher Blends Infrastructure Incentive Program (HBIIP). The investment includes projects approved in the first 100 days of the Trump Administration. It also supports President Trump’s 20th Executive […]
The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. […]
Carbon Direct and Microsoft have announced a collaboration to develop a new standard for marine carbon dioxide removal (mCDR). This standard aims to ensure that ocean-based carbon removal methods are high-quality, scientifically sound, and effective in reducing carbon dioxide from the atmosphere. With the urgency of climate change growing, setting these standards is key. They […]
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 […]