Vale and Sweden’s GreenIron have teamed up to reduce emissions in the mining and metals supply chain. The MOU focuses on key initiatives in Brazil and Sweden, including a feasibility study for a direct reduction facility in Brazil operated by GreenIron. Additionally, Vale will also supply iron ore to GreenIron’s commercial operations in Sandviken, Sweden. […]
As per the latest media reports, Hussain Sajwani, chairman of Dubai-based DAMAC Properties, pledged a whopping $20 billion investment in the U.S. data center industry. The announcement was made in the presence of newly elected President Donald Trump at his Mar-a-Lago estate. This deal is immensely significant for Trump’s economic strategy and AI vision for […]
The transition to a low-carbon economy is not just a trend—it’s a must. With climate change accelerating, companies are under increasing pressure to reduce their carbon footprints. Major tech companies, such as Meta, Apple, and Netflix, have committed to achieving net-zero emissions by 2030, while mining and energy giants like Barrick, Newmont, and ExxonMobil are […]
SolarBank Corporation (NASDAQ: SUUN) has announced a significant deal with Qcells, a subsidiary of South Korea’s Hanwha Solutions. Qcells, through an affiliate, has entered into agreements to purchase four solar power projects in upstate New York. These ground mount projects—Gainesville, Hardie, Rice Road, and Hwy 28 are under development and have a combined capacity of 25.577 MW. […]
Nickel’s importance stems from its role in enhancing battery energy density, improving EV range, and enabling a shift away from fossil fuels. To support this energy transition there has been a meteoric rise of nickel as a key material, particularly for batteries. But Nickel’s high demand has consequently sparked a supply strain. Let’s study the […]
The global carbon credit market in 2024 remained stagnant, valued at around US$1.4 billion, per MSCI report. Demand for carbon credits—measured by the number of credits “retired” or permanently used—did not grow significantly. Carbon prices, meanwhile, continued to fall. However, the market is showing signs of potential growth. With more companies committing to ambitious climate […]
California Resources Corporation (CRC) and its carbon management arm, Carbon TerraVault (CTV), announced the launching of California’s first carbon capture and storage (CCS) project at CRC’s Elk Hills cryogenic gas plant in Kern County. This is a huge milestone for reducing carbon emissions in the state. Francisco Leon, CRC’s President and Chief Executive Officer, said, […]
Carbon credits are vital components of global emissions trading strategies to lower emissions and global warming. But not everyone knows how to calculate carbon credits and price them. If you’re one of those wondering how carbon credits are calculated, then this article will guide you through from start to finish. It will help you […]
The U.S. Office of the Comptroller of the Currency (OCC) hired its first “climate cop” or chief climate risk officer, Dr. Yue (Nina) Chen to manage climate-related financial risks. OCC is the federal agency overseeing the largest banks in the U.S. The banking regulator reinforced its commitment to confront risks associated with climate change by […]