Meta, the parent company of Facebook, Instagram, and WhatsApp, has taken another big step toward its clean energy goals through solar. The company announced a deal to buy 650 megawatts (MW) of solar power from AES, an American energy company. This new power purchase agreement (PPA) supports Meta’s fast-growing data centers in Texas and Kansas. […]
The European Parliament has approved a big change to the Carbon Border Adjustment Mechanism (CBAM). This update makes the carbon import rules of the EU CBAM simpler. It also gives a major exemption for small and medium-sized enterprises (SMEs). The new rule passed with a strong 564-20 vote. It sets a 50-tonne annual import limit. […]
Microsoft has partnered with Danish shipping company NORDEN. The tech giant’s goal is to cut its Scope 3 maritime emissions by almost 10,000 tons of CO₂e in three years. This is why they are starting a sustainable shipping initiative. This uses NORDEN’s certified waste-based biofuel and its Book and Claim solution to decarbonize Microsoft’s global […]
JPMorgan Chase, one of the largest banks in the world, has entered a landmark agreement with Vancouver-based carbon removal company CO280. The deal is worth $90 million and involves the purchase of 450,000 metric tons of carbon dioxide removal (CDR) over the next 13 years. This move shows more confidence in carbon removal tech. It […]
The European Union (EU) has approved €992 million in funding for 15 renewable hydrogen projects in 5 countries across the European Economic Area. This investment, under the EU Innovation Fund, is a key part of Europe’s clean energy strategy. The projects aim to produce about 2.2 million tonnes of green hydrogen over the next decade, […]
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 […]