Wells Fargo, one of the largest financial institutions in the United States, has made a significant shift in its climate strategy by abandoning its commitment to achieving net-zero financed emissions by 2050. It is the first major U.S. bank to do so. The bank has also dropped its interim 2030 targets for financed emissions. This […]
Amazon is ramping up its renewable energy push in Spain with 17 new solar and wind projects. This brings its total investment in the country to 94 renewable projects, generating over 3.7 gigawatts (GW) of clean energy—enough to power more than 2.3 million Spanish homes annually. A major part of this effort includes 63 large-scale […]
Verra recently introduced the Verified Carbon Standard (VCS) Methodology VM0051 to reduce greenhouse gas emissions from rice farming. Under this guideline, farmers will practice improved water and crop management practices in flooded rice systems. Verra began developing this methodology in late 2023. They held a public consultation in 2024 with ATOA Carbon and external reviewers […]
United States data centers are consuming more electricity than ever before. In the third quarter of 2024, their power demand reached 46,000 megawatts (MW), a huge increase driven by artificial intelligence (AI) and cryptocurrency mining. According to forecasts, this demand will grow to 59,000 MW by 2029. Digital services, cloud computing, and AI apps make […]
As demand for nickel rises, the Philippines can strengthen its role in the EV supply chain. However, a proposed ban on raw mineral exports could reshape its industry. At the same time, global trade tensions are adding uncertainty. New US tariffs on nickel imports, combined with an ongoing supply surplus, are keeping prices volatile. While […]
This is a test post content for socials. The post Test Social Share appeared first on Carbon Credits.
BP has announced a major shift in its strategy, cutting back on renewable energy investments and increasing its focus on oil and gas. The company plans to invest $10 billion annually in fossil fuels while slashing more than $5 billion per year from its energy transition spending. This move marks a sharp reversal from its […]
NVIDIA posted record earnings for the fourth quarter of the fiscal year 2025. The company reported $39.3 billion in revenue. This is a 12% rise from last quarter and a 78% increase from last year. For the full year, the company made $130.5 billion, more than 2X its revenue from the previous year. The AI […]
Zefiro Methane Corp. is teaming up with tech firms Geolabe and Keynum to find and repair old, leaking oil and gas wells. This effort will cut methane emissions using artificial intelligence. The partnership also aims to cut costs, speed up repairs, and share carbon credits better. Zefiro Founder and Chief Executive Officer Dr. Talal Debs […]