Last month, the U.S. shocked global trade with a 10% tariff on all imports. China was hit harder—34% overall, and up to 145% on battery products. However, it was later reduced to 30%. So far, key battery minerals like lithium, nickel, cobalt, graphite, and copper are exempt. This is because the U.S. still depends on […]
Microsoft has signed the world’s largest biochar carbon removal agreement with Bolivia-based Exomad Green. The 10-year deal will permanently eliminate 1.24 million tonnes of carbon dioxide, equal to the yearly emissions of over 260,000 cars. This marks a significant step in Microsoft’s push to become carbon negative by 2030 and remove its historical emissions by […]
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), launched by the International Civil Aviation Organization (ICAO), plays a major role in helping airlines offset their emissions and meet climate goals. International air travel is bouncing back after the pandemic. This drives a surge in demand for carbon credits under CORSIA. A new report […]
Disseminated on behalf of SolarBank Corporation The U.S. House of Representatives proposes rollbacks to key clean energy programs, which raises questions across the sector. Among the targeted provisions are the residential solar tax credit and funding elements of the Inflation Reduction Act (IRA)—a landmark climate package that helped spark record investment in clean energy over […]
energyRe, a U.S.-based renewable energy developer, has signed a new renewable energy agreement with Google to support over 600 megawatts of solar and solar-plus-storage projects in South Carolina. Through this agreement, Google will invest in and buy Renewable Energy Credits (RECs) from these projects to reduce its emissions across operations and the global value chain. […]
Electric vehicle (EV) sales around the world have grown fast in recent years. In 2024, global electric car sales topped 17 million, representing over 20% of all new cars sold worldwide. That’s more than triple the number sold just 4 years earlier, according to the latest report by the International Energy Agency. The momentum continues […]
The U.S. nuclear power industry is about to experience its biggest shift in decades. The White House plans to announce new executive orders that could make the Nuclear Regulatory Commission (NRC) largely powerless. These orders let the Department of Energy (DoE) and Department of Defense (DoD) skip the NRC’s strict rules. This will speed up […]
Occidental (Oxy) and its carbon-focused subsidiary 1PointFive have partnered with XRG, ADNOC’s energy investment company, to build a large Direct Air Capture (DAC) facility in South Texas. XRG is considering an investment of up to $500 million to support the project. The proposed plant would pull 500,000 tonnes of CO₂ from the air every year. […]
ENGIE North America has partnered with CBRE Investment Management to grow its battery storage presence across the U.S. The deal includes a 2.4 GW portfolio made up of 31 battery energy storage projects spread across Texas and California. It’s one of ENGIE’s biggest operating partnerships in the country and ranks among the largest battery storage […]