U.S. SEC Greenlights First Stock Exchange Focused on Sustainable Investing

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U.S. SEC Greenlights First Stock Exchange Focused on Sustainable Investing

The Green Impact Exchange (GIX) is about to make history. It’s set to become the first U.S. stock exchange focused only on companies that care about the environment and long-term sustainability.

The U.S. Securities and Exchange Commission (SEC) has approved GIX to register as a national securities exchange, giving it the green light to begin trading in early 2026. This move comes at a time when sustainable investing faces some challenges.

In recent months, investors have pulled billions of dollars from ESG (Environmental, Social, and Governance) funds. In just one week, nearly $5.7 billion was withdrawn from ESG exchange-traded funds—one of the largest outflows in over a year. Still, the team behind GIX believes demand for green investments will grow over time.

What Is GIX All About?

GIX was founded in 2022 by two former leaders from the New York Stock Exchange (NYSE): Daniel Labovitz, who used to lead regulatory policy at the NYSE, and Charles Dolan, a former Executive Floor Governor. Their goal is to create a place where companies with real sustainability goals can connect with investors who care about the future of the planet.

GIX solution
Source: GIX

To be listed on GIX, a company must:

  • Publicly commit to long-term sustainability.
  • Make clear plans for the short, medium, and long term on how they will run more sustainably.
  • Align their business with these sustainability promises.
  • Use a recognized sustainability reporting framework.
  • Regularly report their progress.
  • Involve and communicate with stakeholders in their sustainability journey.

At first, GIX will allow companies to list shares on both GIX and another stock exchange. But in the future, companies may be able to use GIX as their main trading home.

A Green Light in a Tough Time

Even though some ESG funds are seeing investors pull back, other parts of the green economy are growing. Venture capital and private equity firms invested more than $5 billion in climate-tech startups in the U.S. during the first quarter of 2025. That’s a jump of almost 65% compared to last year, based on data from PitchBook.

VC and private equity investment in climate tech q1 2025
Source: Bloomberg

This shows that while traditional ESG funds may be struggling, there’s still strong interest in new clean technologies. GIX is hoping to tap into that interest by focusing only on companies that are serious about their impact on the environment.

As GIX gets ready to join the $35 trillion sustainability economy, it aims to be an important link between investors and companies that are adjusting to climate-related risks and new opportunities.

Dan Labovitz, GIX’s co-founder and CEO, said the SEC’s approval is a big step for investors and businesses who want markets that support better environmental choices. He thanked the SEC for supporting a market-led way to help companies raise money in a greener way, saying:

“Today’s approval order is an important step forward for sustainability-minded investors and companies…We are grateful to the SEC for their support of market-driven innovations that will improve capital formation.”

Building a Marketplace for a Cleaner Future

Charles Dolan, the other GIX co-founder and its president, explained why this matters: “Climate risk is business risk. It’s that simple.” In other words, businesses that don’t plan for the effects of climate change could suffer, and so could their investors.

Public exchanges like GIX aim to connect investors who care about sustainability with companies that are actually doing something about it. These are companies making real efforts to cut carbon emissions, use clean energy, and reduce waste.

GIX says it has already talked to hundreds of companies in the past 18 months. Many of these companies operate globally and see sustainability as key to staying competitive.

“We’re not seeing evidence of a slowdown,” said Labovitz. “If anything, we are seeing signs that it will continue to grow.”

A New Kind of Listing With a Vision for a Greener Tomorrow

Unlike traditional stock exchanges that focus mainly on financial performance, GIX will also track how well companies do on their environmental goals. That means investors won’t just look at profits. They’ll also consider whether a company is meeting its promises to reduce pollution, use clean energy, and treat people fairly.

To stay listed, companies must meet the rules identified earlier, e.g., setting real sustainability goals and taking steps to meet them. These rules mean companies can’t just say they care about the environment—they have to prove it.

GIX is still working with FINRA, a financial industry regulator, to make sure everything is ready for trading. When it launches in early 2026, it hopes to attract both well-known public companies and new startups that put sustainability first.

Even with the ups and downs of ESG investing, GIX is betting that sustainability will remain a key issue for investors. Climate change, resource use, and social impact are not going away. Companies that plan for these challenges—and show they’re taking action—may become the leaders of tomorrow.

By creating a marketplace just for them, GIX wants to speed up this shift and give investors a better way to support a greener, more responsible economy.

The post U.S. SEC Greenlights First Stock Exchange Focused on Sustainable Investing appeared first on Carbon Credits.

Apple’s Clean Energy Blueprint: A Huge Leap with a 60% Carbon Cut

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Apple

Apple has proved that climate action is more than a responsibility. It can be a powerful driver of business growth. Since 2015, the company has cut carbon emissions by over 60% while boosting revenue by more than 65%. In 2023, it reduced over 41 million metric tons of carbon dioxide. This reduction came from its operations, manufacturing, and how customers use its products.

Its latest sustainability data shows,

  • In 2024, Apple’s net emissions after offsets were 14.5 million metric tons CO₂e, while in 2023 they were 15.6 million metric tons CO₂e.
Apple carbon footprint
Source: Apple

Apple’s Clean Power Play: Cutting Carbon, One Chip and Server at a Time

Apple reached 100% clean electricity for its corporate operations in 2020. Now, it aims for carbon neutrality in its supply chain and product lifecycle by 2030. Take a look at its energy efficiency efforts and impact.
  • In 2024, clean energy efforts saved over 57 million kilowatt-hours and 314,000 therms of natural gas. This also prevents about 18,000 metric tons of carbon emissions each year.
  • In 2024, it cut 93,000 metric tons of CO2e, which includes its earlier energy efficiency upgrades.

Data Center Sustainability: More significantly, the data centers need a lot of energy, especially for cooling servers. For this, the company has been using innovative energy-efficient server designs since 2021. Notably, these servers save 36 million kilowatt-hours each year. Additional updates to cooling systems significantly reduce energy use and boost server capacity.

Controlling Chip Emissions: Another focus area is controlling emissions from difficult areas like chip production. In 2023, better equipment and processes avoided 8.4 million metric tons of fluorinated gases, which are some of the most potent greenhouse gases. It aims to reduce these emissions by 90% by 2030.

Apple net zero goals
Source: Apple

Supply Chain Joins the Clean Energy Push

Most of its emissions come from its supply chain, which leads to a rise in Scope 3 emissions. Thus, they are helping suppliers switch to renewable electricity.

By 2024, over 320 suppliers in 28 countries joined this clean energy initiative. This effort covers 95% of Apple’s direct manufacturing costs. These suppliers added 17.8 gigawatts of clean energy and generated 31.3 million megawatt-hours. Consequently, it helped in avoiding 21.8 million metric tons of greenhouse gas emissions.

  • In China, Apple backs the Green Electricity Certificate system and guides suppliers toward green tariffs and direct power purchase agreements.

  • In 2024, Apple’s Supplier Energy Efficiency Program cut nearly 2 million metric tons of emissions across 80+ facilities.

Solar Power Shines in Apple’s Strategy

Solar plays an important role in Apple’s clean energy strategy. At Apple Park in California, rooftop solar panels generate 17 megawatts of electricity. In Denmark, solar farms power its data centers and provide excess electricity to the grid.

In India and Vietnam, the company has helped suppliers implement rooftop solar systems and join local clean energy programs. Thus, promoting renewable energy worldwide reduces emissions and improves energy access in key areas.

Apple Solar
Source: Apple

Greener Materials for a Lighter Carbon Footprint

Apple is a top innovator. It has redesigned products to reduce carbon-heavy materials by increasing the use of recycled metals, plastics, and rare earth elements.

  • By 2024, 24% of materials used were recycled or renewable, focusing on 15 key materials that make up 87% of product mass. This has significantly lowered its carbon footprint.
  • For example, it uses 100% recycled rare earths in magnets for iPhones and Apple Watch. AI tracks these recycled materials. Both the iPhone 16 and Apple Watch Series 10 use 100% recycled cobalt in their batteries.

Aluminum Emissions

Since 2015, emissions from aluminum production have dropped by 76%. Now, less than 7% of total product emissions come from aluminum. Devices like the MacBook Air and iPad now use all-recycled aluminum.

Recycling Gold

In 2024, 40% of the gold in its products was recycled, up from just 1% in 2021. The company now uses 100% recycled gold in products like the Mac mini, iPad mini, and iPhone 16. Also, 99% of its connectors have recycled gold plating.

apple product materials
Source: Apple

Daisy Robot: Revolutionizing Recycling

Apple’s Daisy robot is transforming recycling. It disassembles iPhones to recover valuable materials like cobalt and rare earths, processing over 11,000 devices per hour for reuse.

Sustainable Packaging

The company is exploring carbon-negative and bio-based materials. Apple has reduced plastic use, with over 99% of packaging from fiber, while experimenting with bio-based materials and recycled plastics.

Apple’s Carbon Removal Commitment

The company indulges in a wide range of nature-based solutions to tackle CO2 in the environment. It aligns with a 1.5°C net-zero pathway, reducing industrial emissions and enhancing carbon removal efforts. Some notable achievements include:

  • Launching the Restore Fund: Partnered with Goldman Sachs and Conservation International to launch the Restore Fund in 2021. This fund invests in nature-based carbon removal, restoring ecosystems, and benefiting local communities. By 2023 the fund targeted removing 1 million metric tons of CO2 each year.
  • Reforestation in Brazil: Planted over 8 million trees across 24,000 hectares. This creates a 5-kilometer habitat corridor to protect species and support conservation.
  • Project Alpha in Brazil: Combines eucalyptus tree farms with native forest restoration. Since 2022, nearly 15 million trees have been planted, expected to offset over 8.5 million tons of CO2.

These initiatives highlight the ecological and social benefits of carbon removal.

Apple Relies on Carbon Credits to Neutralize Emissions

The company relies on retiring carbon credits from global projects to achieve its carbon-neutral goal.

  • In 2023, retired 471,400 metric tons of carbon credits. This included projects like Chyulu Hills in Kenya and Guinan in China.

Apple also raised $4.7 billion in green bonds to fund sustainability projects. It further ensures the quality of its carbon removal projects through careful checks, including site visits and satellite assessments. Additionally such projects are verified to international standards to make sure they meet high-impact criteria.

Apple green bonds
Source: Apple

All these efforts show that people’s favorite go to gadget brand is a pioneer in sustainability. It invests in renewable energy, restores ecosystems, and removes carbon to make a cleaner and greener future for everyone.

The post Apple’s Clean Energy Blueprint: A Huge Leap with a 60% Carbon Cut appeared first on Carbon Credits.

Microsoft’s $800M Carbon Removal Deal Sets Record in Climate Fight

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Microsoft’s $800M Carbon Removal Deal Sets Record in Climate Fight

Microsoft has taken a major step in its efforts to reduce its impact on the environment. The tech company recently signed the biggest-ever deal to remove carbon dioxide (CO2) from the atmosphere. This agreement is part of Microsoft’s plan to become carbon negative by 2030, which means it wants to remove more CO2 from the air than it releases.

The deal is with a company called Fidelis, through its portfolio company AtmosClear. Over the next 15 years, Microsoft will pay AtmosClear to permanently remove 6.75 million metric tons of CO2 using a special type of technology called BECCS.

Burning Plants, Burying Carbon: How BECCS Works

BECCS stands for “bioenergy with carbon capture and storage.” It’s a method that produces clean energy while also capturing and storing carbon emissions. Here’s how it works:

First, biomass (like sugarcane waste or wood trimmings) is burned to create energy. As the biomass burns, it releases CO2, but instead of letting that CO2 escape into the atmosphere, it is captured and stored deep underground or turned into low-carbon fuels. This process not only creates energy but also removes CO2 from the air because the plants used as biomass absorb CO2 as they grow.

In this case, AtmosClear will build a BECCS facility at the Port of Greater Baton Rouge in Louisiana. The plant will begin construction in 2026 and is expected to start operations in 2029. It will use sustainable materials like sugarcane leftovers and forest trimmings to produce energy while removing about 680,000 metric tons of CO2 each year.

What Makes the Microsoft-AtmosClear Deal Unique?

This new deal with AtmosClear stands out because of its size and focus on permanent carbon removal. BECCS is different from temporary methods, like planting trees.

Trees can be lost to fire or disease. In contrast, BECCS captures and stores carbon. This process keeps carbon out of the atmosphere for hundreds or even thousands of years.

Experts say that engineered carbon removal solutions like BECCS are essential for the long term. While natural methods like reforestation are helpful, they may not be enough on their own to meet global targets. 

About 2 million tons of CO2 are captured yearly from biogenic sources, but less than half is stored permanently. Most capture happens at bioethanol plants due to lower costs.

BECCS capture capacity
Source: IEA

The largest BECCS project, Illinois Industrial CCS, began storing CO2 underground in 2018. Red Trail and Blue Flint plants followed in 2022 and 2023. Other small plants in the U.S. and Europe sell captured CO2 for greenhouse use or enhanced oil recovery instead of permanent storage.

A Huge Bet in Clean Energy and Carbon Removal 

Microsoft’s carbon removal deal is worth an estimated $800 million. The project is expected to create 600 construction jobs and 75 permanent jobs in the region. It will also support forestry management jobs that were lost when older wood mills shut down.

This investment will not only help reduce carbon emissions but also bring economic benefits to the local community. As Daniel J. Shapiro, the CEO of Fidelis, said, the project is proof that clean energy can help both the environment and the economy. He further said:

“This contract with Microsoft marks a transformative moment for the high-quality, engineered carbon removal market…We are proud to build infrastructure in Baton Rouge, a place many of us at Fidelis have called home, that not only removes carbon from the atmosphere but also provides economic opportunity for Louisiana.”

Carbon removal is becoming more important as companies and governments try to meet climate goals. While reducing emissions is crucial, scientists say that we also need to remove existing CO2 from the atmosphere to avoid the worst effects of climate change.

Technologies like BECCS and direct air capture or DAC (which pulls CO2 directly from the air) can play a key role in reaching global net-zero targets.

Microsoft is one of many companies investing in carbon removal. The company has already signed several other agreements to remove CO2. In April 2025 alone, Microsoft committed to over 10 million metric tons of carbon removal through different deals. The company is the biggest buyer of carbon removal (CDR) credits in 2024.

CDR Top10 Purchasers 2024

Carbon Removal Goes Mainstream

The carbon removal industry is still young, but it’s growing fast. Right now, it’s valued at about $2 billion globally. Experts believe it could grow to $50 billion by 2030 and more than $250 billion by 2035. And BECCS is one of the carbon removal technologies estimated to grow significantly in 2050 as part of the net-zero strategy.

carbon removal technologies net zero
Source: IPCC

This growth is being driven by strong demand from large companies like Microsoft, Stripe, and Shopify, which have made public pledges to reduce or remove their emissions. Government policies and financial incentives are also helping to expand the industry.

For example, the U.S. offers a federal tax credit called 45Q, which gives money to companies for every ton of carbon they capture and store. These kinds of policies help make carbon removal projects more affordable and attractive.

Microsoft’s Climate Goals: From Carbon Footprints to Climate Leadership

Microsoft has made one of the most ambitious climate pledges in the tech industry. In 2020, the company promised to be carbon negative by 2030. This means it wants to remove more CO2 from the atmosphere than it emits across its entire business—including data centers, offices, and supply chains.

The company also plans to remove all the carbon it has emitted since its founding in 1975 by the year 2050. To reach these goals, Microsoft is using a mix of clean energy, efficiency improvements, and carbon removal projects.

Microsoft 2030 carbon negative goal
Source: Microsoft

However, Microsoft’s emissions have recently increased, mainly due to the growth of artificial intelligence (AI) and cloud computing, which require a lot of energy. Between 2020 and 2023, Microsoft’s emissions rose by about 29%. The company says it is still on track to meet its climate goals but acknowledges that more action is needed.

Brian Marrs, Senior Director of Energy & Carbon Removal at Microsoft, remarked, noting that:

“High-quality, durable carbon removal solutions from experienced developers like Fidelis are vital for Microsoft in progressing its goal to become Carbon Negative by 2030.”

What This Means for the Future of Clean Tech

Microsoft’s partnership with Fidelis and AtmosClear is a major milestone for carbon removal. It shows that large companies are willing to invest in new technologies to address climate change. 

As more companies commit to net-zero and carbon-negative targets, the demand for carbon removal will keep rising. This could help lower costs, improve technology, and create new job opportunities in clean energy.

The post Microsoft’s $800M Carbon Removal Deal Sets Record in Climate Fight appeared first on Carbon Credits.

Hydrostor’s $1.5B Willow Rock Project Faces Permit Hurdles —but Could Revolutionize California’s Power Grid

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Hydrostor, Canada’s leading developer of long-duration energy storage projects, is moving ahead with its $1.5 billion Willow Rock Energy Storage Center in Kern County, California. The project uses compressed air to store renewable energy and will deliver 500 MW of power for up to eight hours. It’s almost 2X that of most lithium-ion battery systems can sustain. If completed, it would mark the first compressed air energy storage (CAES) facility built in the U.S. in more than 30 years.

S&P Global recently provided an update regarding its permit processes for the Willow Rock Energy project. It is working to complete California’s permitting process by 2025 to qualify for federal clean energy tax credits and secure the $1.76 billion conditional loan guarantee from the U.S. DOE, which was announced on January 8. The loan includes roughly $1.5 billion in principal and about $280 million in capitalized interest. However, delays from the California Energy Commission (CEC) are putting that goal at risk.

Permit Delays Threaten Hydrostor’s Project Timeline

On April 15, the CEC released its fourth revised schedule. It pushed the preliminary staff assessment to April 30 and rescheduled evidentiary hearings to August 18–19. Although the commission still targets a final decision by December, regulators admitted during an April 14 meeting that the timeline is uncertain.

Despite the setbacks, Hydrostor’s senior vice president, Curt Hildebrand, said the company is fully committed to the updated schedule and hopes for a decision before the end of the year. Still, Hydrostor’s legal team warned in an April 9 filing that more delays could derail their 2025 construction plans.

Federal Incentives at Risk

Another challenge that they might encounter is the impact of amendments to the Federal clean energy tax policies under the new Trump administration. The Biden-era DOE loan guarantee for Willow Rock is now under review by the current government. Additionally, a Republican-led Congress is debating whether to repeal or weaken clean energy tax credits.

Despite these risks, Hydrostor is actively informing lawmakers about the benefits of long-duration storage. Executive VP Scott Bolton emphasized the project’s role in grid reliability, clean tech innovation, and job creation.

Hydrostor first applied for the project permit in December 2021 and aimed to start full operations by 2028. Now, the company expects Willow Rock to go online in 2030.

So far, it has secured a 25-year contract with Central Coast Community Energy for 200 MW of capacity. They are still negotiating deals for the remaining output. To date, Hydrostor has raised $520 million from 18 investors. Its most recent $200 million round in February included backing from Goldman Sachs Alternatives, Canada Pension Plan Investment Board, and Canada Growth Fund Inc.

Willow Rock Is Set to Supercharge California’s Clean Energy Goals

The Willow Rock Energy Storage Center project will store clean energy by using compressed air, water, and renewable power. Unlike the only other U.S. plant in Alabama that burns gas, Willow Rock will store energy without any fossil fuels.

Take a look at its proprietary Advanced CAES facility:

Clean Energy, Good Jobs, and a Strong Local Boost

California is upgrading its power grid and reducing carbon emissions fast. The project will power homes for over 50 years and support the shift to a greener future.

Hydrostor plans to hire more than 700 workers for construction and $500 million into the local economy. It uses proven technology and offers stable jobs for workers already skilled in the region’s oil and gas industry.

Once charged, Willow Rock can deliver 500 megawatts and store 4,000 megawatt-hours of electricity.

Turning Solar and Wind into Steady Power

California gets a lot of sun and wind. But that energy doesn’t always show up when people need it. Willow Rock is designed to fix that by storing extra energy from places like the High Desert and Tehachapi. This energy can then be released during high-demand hours, like in the evenings.

As per EIA, California’s renewable electricity net summer capacity reached 41,733 megawatts by December 2024, accounting for 11.3% of the entire U.S. total. In the same period, 12.8% of all energy consumed in California came from renewable sources.

Big Wins for the Power Grid

  • More reliable electricity: Willow Rock will send out power when solar and wind aren’t enough.
  • Better use of power lines: It will store energy when there’s too much and send it out when needed, helping the whole grid run smoother.
  • Adds tech variety: Unlike batteries, A-CAES brings a different kind of storage — one that lasts longer and stays strong over time.
  • Eco-friendly choice: The system doesn’t burn anything, uses very little land and water, and produces almost no waste.
California renewable energy
Source: California Energy Commission, Govt of California.

By replacing old fossil-fuel backup plants, Willow Rock will help California hit its climate goals. It supports the state’s target to cut emissions 40% below 1990 levels by 2030 and to reach 100% renewable power by 2045.

As Hydrostor receives the permit and the desired amount of loan we expect it will be all set to revolutionize California’s clean energy future.

The post Hydrostor’s $1.5B Willow Rock Project Faces Permit Hurdles —but Could Revolutionize California’s Power Grid appeared first on Carbon Credits.

From Code to Core: How AI is Fueling the Rise of Small Modular Reactors

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The world needs clean energy that is reliable and easy to build, without producing too much carbon. Nuclear energy is gaining fresh attention in this effort, but not the kind we’re used to. A new type of reactor, called a Small Modular Reactor (SMR), could make nuclear power safer, cheaper, and faster to install.

SMR offers a promising option for the clean energy transition. But what’s helping SMRs move from the lab to reality even faster is artificial intelligence (AI).

AI is already playing a key role in many parts of the energy system. According to the International Energy Agency’s (IEA) 2024 Energy and AI report, AI is being used to improve how energy is produced, stored, distributed, and consumed. 

For SMRs, which are still in the early development stages, AI is becoming a critical tool for reducing cost, time, and risk. Let’s unravel how AI helps speed up the rise of SMRs. 

What Are SMRs and Why Do They Matter?

SMRs are small nuclear reactors that can make electricity or heat. They are much smaller than traditional nuclear plants. Most SMRs will make between 10 and 300 megawatts (MW) of power. That’s enough to power a town or a factory.

Big reactors take over 10 years to build and cost billions of dollars. SMRs are different; they are:

  • Build in factories
  • Easier to transport
  • Faster and cheaper to install

The IEA says SMRs are designed to be safer and more flexible, offering a low-carbon power option. They can be used in remote areas, near factories, or with solar and wind power. These features make SMRs useful for the energy transition.

Most SMRs under development could cost less than $2 billion compared to more than $10 billion for traditional nuclear plants. They also use advanced safety features and can be installed in areas where large plants wouldn’t fit.

Where Are SMRs Being Built?

Interest in SMRs is growing quickly. In the United States alone, over 20 gigawatts (GW) of SMR capacity has been proposed, especially by tech companies looking to power their growing fleets of AI data centers. 

Some utilities, like Dominion Energy, plan to add 1.3 GW of SMR capacity by 2039 to meet rising electricity demand.

China is also exploring SMRs, expecting them to play a role between 2030 and 2035. In fact, the IEA estimates that low-emissions electricity (including SMRs) will supply 60% of power for Chinese data centers by 2035. In the U.S., this share could reach 55% by the same year.

power generation for data centers US and China 2035
Source: IEA

Although many SMRs are still in the planning phase, they could begin commercial deployment after 2030, especially as clean energy policies become stronger and electricity needs increase.

So, here are the many ways how AI aids in boosting SMR applications.

How AI Supports SMR Design and Operation

Designing a nuclear reactor is very complex. Engineers must decide how big each part should be, how to keep the core cool, how to manage radiation, and how to make it safe. This usually takes years of modeling and testing. But AI is changing that.

The IEA explains how generative AI and machine learning can run fast simulations of reactor designs. This allows scientists to test thousands of options in less time. AI is especially useful in adjusting the geometry of the reactor to improve how heat is managed and to avoid unsafe temperature levels.

AI is also used in materials testing. Inside a reactor, the materials need to handle very high temperatures and radiation for long periods. AI tools can now predict how metals and other materials will behave, reducing the need for long lab tests. This helps engineers choose stronger, more reliable materials faster.

Smart Fuel Management and Monitoring

Fuel is one of the most important parts of a nuclear reactor. Engineers must load it carefully and plan when to replace it. AI can help make these decisions better. According to the IEA, predictive AI can improve fuel loading and switching, making the process more efficient and reducing waste.

The IEA also notes that AI-powered predictive maintenance can find system issues before they become serious, which lowers costs and keeps reactors running longer.

AI Helps Explain Safety Risks

AI is not just used inside the reactor. It can also help outside the plant—especially with safety reports and rules. Getting approval to build a nuclear reactor takes years. Governments and safety agencies have to read thousands of pages of technical documents.

The IEA explains that large language models (LLMs) can help speed this up. These models turn complex data into clear summaries that both engineers and regulators can understand. They also help explain system faults in plain language during training or emergency situations.

SMRs and the Energy Transition

As AI increases electricity demand and more countries try to cut carbon, SMRs could become an important part of the clean energy mix. The IEA predicts that SMRs will grow in use after 2030, especially in places that need reliable, round-the-clock electricity.

In fact, spending on Small Modular Reactors could grow a lot in the coming years. The market is worth about $5 billion today, but that could rise to $25 billion by 2030, and reach $670 billion by 2050.

nuclear energy investment outlook by type 2050
Source: IEA
  • If building SMRs becomes cheaper, as experts expect, the world could have 190 gigawatts of SMR power by 2050. That could bring in up to $900 billion in global investment.

The agency further notes that:

“As the world enters a new Age of Electricity, interest in nuclear power has grown to a 50-year high.”

In areas with lots of solar or wind power, SMRs can help keep the grid stable. When the sun isn’t shining or the wind isn’t blowing, SMRs can provide backup power. This is especially useful for data centers, which need electricity 24/7.

SMRs may also help companies and governments meet net-zero goals by replacing old coal and gas plants. Because they are small, they can be added to existing sites or installed closer to where energy is needed.

Big Tech’s Growing Interest in SMRs

Some of the world’s largest technology companies are now looking at SMRs to power their growing fleets of data centers and AI tools. These companies need a constant and reliable source of clean electricity, and SMRs offer one solution that can scale with their needs.

Companies like Microsoft and Google have shown interest in advanced nuclear technologies. In 2023, Microsoft even signed a power purchase agreement linked to nuclear energy and has posted job listings for roles related to nuclear-powered data center operations.

While most of these investments are still in early phases, they show that SMRs are not just a government-led effort—they are now part of the clean energy plans of major private sector players as well.

By investing early, tech companies hope to reduce emissions from AI workloads while supporting the commercialization of SMRs in the next decade.

Powering Ahead

AI is changing how the energy world works—and nuclear energy is no exception. With its help, Small Modular Reactors are becoming faster to design, safer to operate, and more efficient overall. SMRs could provide clean power in places where other options don’t work well, and AI is helping make that future possible.

The post From Code to Core: How AI is Fueling the Rise of Small Modular Reactors appeared first on Carbon Credits.

Google Ignites Taiwan’s First Corporate Geothermal Deal for 24/7 Clean Energy

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Google Ignites Taiwan’s First Corporate Geothermal Deal for 24/7 Clean Energy

Google has taken another big step in clean energy by signing the first corporate geothermal power deal in Taiwan. This deal is part of Google’s global plan to power its offices and data centers with 24/7 carbon-free energy. It also shows how geothermal energy can be a strong and reliable source of clean electricity, especially in places like Asia, where the demand for energy is rising fast.

What Is Geothermal Energy?

Geothermal energy comes from the heat inside the Earth. This heat is used to create steam, which turns turbines to generate electricity. One big advantage of geothermal power is that it can run all day and night, unlike solar or wind energy, which depend on weather and sunlight. Because of this, geothermal is often called a “firm” energy source.

Taiwan sits along the Pacific Ring of Fire, an area with lots of volcanic activity. That makes it a good place to use geothermal energy. However, until now, Taiwan has not made much use of this natural resource. In fact, the country currently uses only a small amount of geothermal power.

geothermal energy
Source: Shutterstock

What’s the New Deal About?

Google and Baseload Capital’s new agreement is to add 10 megawatts (MW) of geothermal power to Taiwan’s electricity grid. This will double the amount of geothermal energy currently in use in the country. The power will help run Google’s data centers and offices in Taiwan.

The deal is more than just a power purchase agreement (PPA). Google is also investing money in Baseload Capital, the company building the geothermal plants. This shows Google’s long-term support for growing geothermal energy, not just in Taiwan but across Asia and the world.

The new projects could be ready by 2029. Once they are running, they will supply clean energy to Google’s local operations around the clock.

Baseload Capital’s CEO, Alexander Helling, said the agreement “shows the growing demand for 24/7 clean, firm energy.” Google’s Senior Director of Clean Energy, Michael Terrell, added by saying: 

“Through this long-term partnership with Baseload, we aim to unlock geothermal potential, driving the clean energy development needed to help decarbonize our operations and supply chains in Taiwan and globally. We hope this first corporate agreement for geothermal in Taiwan will help to scale corporate procurement for geothermal projects across the region and worldwide.”

Supporting Taiwan’s Energy Targets and Google’s 24/7 Carbon-Free Energy Goal 

Taiwan has set a goal to install 6 gigawatts (GW) of geothermal energy by the year 2050. That’s a big increase from where the country stands today.

Google’s partnership with Baseload Capital will help Taiwan move toward this goal by speeding up the development of geothermal projects, creating jobs, and building local expertise in the field.

Baseload Capital’s local team, Baseload Power Taiwan, has already started exploring geothermal sites. They are working with local communities and the government to improve rules and permits, which can make it easier to start new projects.

Google has been working on clean energy for years. In 2019, the company signed its first solar energy deal in Taiwan. Now, it’s taking the next step by adding geothermal energy. This deal is part of Google’s plan to use only carbon-free energy every hour of every day, no matter where its buildings are located.

Google’s Carbon-Free Map with Data Center Operations

Google carbon-free energy map with data center operations
Source: Google

Google has a large and growing number of data centers. These centers use a lot of electricity to run the internet, store data, and power AI tools. To keep up with rising energy needs while cutting pollution, the tech company needs strong and steady sources of clean power. Geothermal helps meet that need.

Google’s Broader Geothermal Efforts

This deal in Taiwan is just one part of Google’s work on geothermal energy. In the U.S., Google is testing a newer type of geothermal technology with a company called Fervo Energy. This version, called “enhanced geothermal,” drills deeper into the Earth and uses advanced tools to find more heat. 

The tech giant is also working with a group called Project Innerspace to study geothermal resources around the world using subsurface data.

In Australia, Google is supporting research to find out how geothermal can grow in that region, too. All these efforts are aimed at making geothermal easier and cheaper to use.

By using geothermal, Google can also reduce its reliance on fossil fuels, increase energy security, and lead the way for other companies to follow.

Clean Energy and the Tech Industry

As more companies use artificial intelligence (AI) and cloud services, the demand for power keeps growing. Many of these services run in data centers, which need electricity 24/7. Solar and wind energy are important, but they don’t provide power all the time. Geothermal fills this gap by offering clean power that is always available.

That’s why experts say geothermal could play a bigger role in the future of clean energy. According to the International Renewable Energy Agency (IRENA), geothermal provided about 15,026 MW of power in 2023. 

geothermal energy power 2023 IRENA
Source: IRENA

The same energy source could provide up to 3.5% of the world’s electricity by 2050, IRENA says. That’s not a huge number, but it’s important because it offers constant power to balance out other renewables.

Geothermal Energy Around the World

Globally, geothermal power still makes up a small share of energy. As of 2023, the world had about 16 gigawatts (GW) of geothermal capacity, according to the International Energy Agency (IEA). The largest users are the United States, Indonesia, the Philippines, and Turkey.

World Geothermal Capacity and Electric Generation

geothermal energy generation 2023
Source: https://doi.org/10.1186/s40517-024-00290-w

In Asia, countries like Japan and Indonesia have strong potential to expand geothermal energy because of their location in the Pacific Ring of Fire. However, high costs, strict rules, and long building times have made it hard to grow quickly.

Corporate investment, like the one from Google, could help unlock these markets by bringing money, expertise, and long-term demand. Governments, oil and gas companies, and utilities are also exploring investment opportunities in geothermal energy.

If next-generation geothermal technologies can significantly reduce costs, total global investment could reach $1 trillion by 2035 and grow to $2.5 trillion by 2050, per the IEA data. Annual investment could peak at $140 billion — more than what is currently invested in onshore wind power worldwide. 

investment for geothermal 2050 IEA
Source: IEA

A Pathway for Others to Follow

This deal is the first of its kind in Taiwan, but Google hopes it won’t be the last. By showing that corporate geothermal agreements are possible, Big Tech is setting an example for other companies. More corporate demand could help drive down costs, improve technology, and bring more clean energy projects to life.

If more firms follow this path, especially in high-demand areas like data centers, geothermal and other firm clean energy sources could play a much bigger role in meeting global energy needs.

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Verra Launches West Africa’s First ICVCM-Approved Carbon Credit Project

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burkina faso

Verra has registered the first-ever project using a carbon credit methodology that meets the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCPs). This marks a major step forward in raising the bar for high-integrity climate action.

The project, called Tond Tenga, is based in Burkina Faso, West Africa. It’s part of Verra’s Verified Carbon Standard (VCS) Program and uses a newly developed method (VM0047) focused on restoring degraded land. By planting native trees and using agroforestry, the project aims to bring over 12,000 hectares back to life.

Tond Tenga Becomes First to Use ICVCM-Approved Verra Method

Mandy Rambharos, CEO of Verra, commented,

“This project demonstrates what high-integrity carbon markets can deliver: measurable climate results, community resilience, and landscape restoration at scale. As the first project to register under a CCP-approved VCS methodology, the Tond Tenga project illustrates the high-quality climate action that ICVCM-approved methodologies can catalyze.”

VM0047 was officially approved by the ICVCM in December 2024. Any project using this method will now receive the respected CCP label on its carbon credits. This indicates high quality and credibility in the global carbon market.

Although some Verra projects have previously received CCP-labeled credits, this is the first time a project has been registered using a VCS-developed methodology that has ICVCM’s seal of approval. It’s a key milestone for Verra, showing its leadership in creating trusted and impactful climate solutions.

Targets 3.7M Tons CO₂ Removal

Tond Tenga means “Our Land” in Mòoré, the most widely spoken language in Burkina Faso. It’s a people-powered movement to reverse land degradation, fight poverty, and build long-term climate resilience.

Launched by Tree Aid, a UK-based NGO, the Tond Tenga project is set to run for 40 years. During this time, it’s expected to remove up to 3.7 million metric tons of CO₂ equivalent. In just the first four years, more than 6 million native trees will be planted, and nearly 13,000 hectares of land will be brought back to life.

Tree Aid has worked with local communities to identify 37 degraded forest sites across 18 communes and four regions. These sites have suffered due to decades of unsustainable farming and deforestation. It left the soil infertile with very few natural resources. The Tond Tenga project is meant to enrich the land by planting more trees with agroforestry techniques.

tond tenga verra
Source: Tree Aid

Climate Action That Works for People

However, the purpose extends beyond just planting trees. It’s also about empowering people. In Burkina Faso, where more than 70% of the population lives in rural areas, land is life. But climate change is hitting hard, with temperatures rising twice as fast as the global average. Land degradation is advancing at an alarming rate. Over 9 million hectares are already affected, with 360,000 more at risk every year.

Tree Aid highlighted that Tond Tenga is the nature-based solution that benefits both the environment and the economy:

  • Local Empowerment: Communities—including women and youth—get direct access to the land and income generated from carbon credits.
  • Income Generation: The project is expected to bring over $30 million in financial benefits over 40 years to people managing and restoring the land.
  • Skills Training: Locals are trained in agroforestry, soil and water conservation, and forest management to ensure long-term impact.
  • Biodiversity & NTFPs: By restoring native tree species, communities regain access to culturally important non-timber forest products (NTFPs), which also help supplement incomes.

This model brings real, measurable improvements to both the ecosystem and the daily lives of people.

Verra, Tree Aid, and Global Partners Raise the Bar

Furthermore, Tree Aid has a partnership with Earthshot Labs and Capricorn Investment Group. Together, they support the large-scale funding required for reforestation. At the same time, they ensure that carbon market benefits reach those involved in the ground work.

By earning ICVCM approval, Tond Tenga sets a higher standard for transparency and impact in climate projects. It paves the way for future initiatives that not only mitigate carbon but also benefit local communities. Last but not least, Verra’s registration of this project shows that carbon markets can be trustworthy, community-led, and truly good for our planet.

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Trump’s USDA Cancels $3 Billion Climate Program for Farmers

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Trump's USDA Cancels $3 Billion Climate Program for Farmers

The U.S. Department of Agriculture (USDA) has canceled a $3 billion program that was made to help farmers use climate-friendly methods. This program, called the Partnerships for Climate-Smart Commodities, started during President Biden’s time. It was part of a larger plan to fight climate change by helping farmers lower their greenhouse gas emissions.

The decision to cancel it is part of a new plan under President Trump to cut back on climate programs started by the last government.

What Was the Program All About?

The USDA’s climate program gave money to 141 projects across the country. These projects were supposed to help farmers use better farming methods. 

Some of the ideas included planting cover crops, which help stop soil from washing away, and using fewer chemicals that harm the environment.

The Biden administration said the program would help over 60,000 farms and cut about 60 million metric tons of carbon dioxide by 2050. That’s the same as taking 12 million gas cars off the road for a year. 

The projects worked with farmers, companies like Archer-Daniels-Midland (ADM), and groups that support crops like soybeans and rice.

USDA Partnerships for Climate-Smart Commodities
Source: USDA

Why It Was Canceled

The Trump administration said the program gave too much money to office work and not enough to actual farmers. A review showed that many projects used less than half of their money on farmers and spent the rest on paperwork, planning, or staff.

Agriculture Secretary Brooke Rollins said the program didn’t work well for real farmers. He said it was full of red tape and confusing rules. Rollins said some projects were built to help groups like non-profits, not the farmers who do the hard work every day.

He said the program had “ambiguous goals,” meaning it wasn’t always clear what the projects were trying to do. Farmers had to fill out a lot of paperwork, and that kept many from joining in.

In his words, “the green new scam” helped big organizations more than small farmers, saying: 

“The Partnerships for Climate-Smart Commodities initiative was largely built to advance the green new scam at the benefit of NGOs, not American farmers.”

The USDA said only some projects might continue. But they have to show that at least 65% of the money will go to farmers and that they’ve already paid a farmer by December 31, 2024. Otherwise, they will have to reapply under a new version of the program.

Supporters of the Program: Environmental and Economic Benefits

People who liked the program said it helped both farmers and the environment. The goal was to help farmers take care of their land and lower pollution from their farms. Better soil health, less erosion, and fewer chemicals can make farming more sustainable in the long term.

Supporters also said climate-smart farming could help farmers prepare for climate change, which brings more droughts, floods, and bad weather. They believed the program would help farmers be more successful and protect the planet at the same time.

A Part of a Bigger Climate Cutback

This is not the only program being cut. The Trump administration is also trying to remove or reduce other climate programs, including a $20 billion fund for projects that lower greenhouse gases. Many of these programs were started under President Biden as part of his climate plan.

The decision shows how different the two administrations are when it comes to climate change. Biden’s team wanted to invest in cleaner farming and green energy. Trump’s team is more focused on cutting costs, removing rules, and supporting traditional farming methods.

Some Projects May Still Move Forward

Even though the program is canceled, not all projects will stop. The USDA said projects that already sent money to farmers and use most of their funding for farming can still move forward. They must meet the new rules, like using at least 65% of the money for farm work.

There may also be a new version of the program that keeps the focus on farmers. If so, some groups can apply again and try to get funding. The USDA wants future programs to give more direct help to farmers and spend less on office work.

What This Move Means for Farmers and the Climate

Many farmers and environmental groups are worried. They say this could slow down progress on climate-friendly farming. Without government help, some farmers may not be able to afford new methods or tools that are better for the environment.

Agriculture is one of the areas most affected by climate change. As weather becomes more extreme, it can hurt crops and reduce food supply. Many experts believe helping farmers go green now can save money and protect food systems later.

Moreover, farming is a big part of greenhouse gas emissions in the U.S. and around the world. According to the U.S. Environmental Protection Agency (EPA), agriculture made up about 10% of total U.S. greenhouse gas emissions in 2022. 

US GHG emissions by sector 2022
Source: EPA

These emissions mostly come from methane released by animals like cows, nitrous oxide from fertilizers, and carbon dioxide from machines and land use changes.

Globally, the food and agriculture sector accounts for about ⅓ of total emissions, according to the United Nations. Cutting these emissions is important for fighting climate change, and programs like the one that was canceled were made to help farmers lower their impact.

A Changing Path for Climate and Farming

The end of this $3 billion program marks a big change in how the U.S. government supports climate action in farming. Some projects may continue, but the future is unclear.

The decision is part of a larger debate in the country about how much money should go toward fighting climate change, and how that money should be spent. What comes next will depend on how new programs are shaped and how much support farmers get to take care of their land while fighting the effects of climate change.

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AI’s Energy Hunger: Data Centers Set to Use Power Equal to Japan’s by 2035

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AI’s Energy Hunger: Data Centers Set to Use Power Equal to Japan’s by 2035

Artificial Intelligence (AI) is growing rapidly, transforming how people work, live, and use technology. But behind this digital revolution is a hidden cost—energy. According to the International Energy Agency (IEA), powering AI systems requires huge amounts of electricity, mainly through data centers that train and run AI models. These centers are starting to consume as much power as some of the world’s most energy-hungry industries.

In 2024, data centers used about 415 terawatt-hours (TWh) of electricity globally. That’s around 1.5% of the world’s total electricity consumption. The U.S. led the pack, consuming 45% of that energy, followed by China at 25%, and Europe at 15%.

While these numbers may seem small globally, the local impact is intense. Some areas now experience strain on their power grids because of the dense concentration of data centers. For instance, nearly half of U.S. data centers are located in just five regions.

Let’s uncover other major findings of IEA’s Report “Energy and AI”, particularly how data centers powering AI applications are becoming energy-intensive and its implications for sustainability and grid management.

AI Data Centers: As Power-Hungry as Heavy Industry

AI-focused data centers are not like regular server buildings. They are massive facilities packed with powerful computer chips that require constant cooling and uninterrupted electricity.

The IEA says a typical AI data center can use as much electricity as 100,000 homes. Some of the largest ones under construction may use 20x more, putting them on par with major industrial plants like aluminum smelters.

The energy use of these centers is growing quickly. By 2030, electricity demand from data centers is expected to more than double, reaching about 1,050 TWh, which is more than Japan’s current power usage. By 2035, in the IEA’s base case scenario, that number could climb to 1,300 TWh.

data center electricity use 2035
Source: IEA

In the U.S., this growth is even more dramatic. By 2030, American data centers are expected to use more electricity than all of the country’s aluminum, steel, cement, chemical, and other energy-intensive industries combined.

data center electricity demand due AI 2030
Source: IEA

What’s Driving the Growth?

AI is the biggest reason for this rise in energy demand. Generative AI tools like ChatGPT, DeepSeek, and video generators use large amounts of power, especially during model training. Other digital services like cloud computing and video streaming also contribute, but not as much as AI.

The report states:

“Data centre electricity consumption is set to more than double by 2030. This is slightly more than Japan’s total electricity consumption today. AI is the most important driver of this growth, alongside growing demand for other digital services.”

Some key reasons why AI energy use is climbing:

  • More powerful AI models need more computing power.
  • AI applications are expanding into healthcare, transportation, and manufacturing.
  • Investment in AI infrastructure is booming—global investment in data centers has almost doubled since 2022, reaching $500 billion in 2024.
Global annual investment in data centres in the Base Case
Source: IEA

Can the Grid Handle the Pressure?

All this power demand raises serious questions about grid capacity. In many regions, the electrical grid is already under stress. The IEA estimates that 20% of planned data center projects could be delayed due to grid connection problems.

Global data center capacity additions in the Base Case delayed
Source: IEA

Some of the challenges include:

  • Long wait times for new power lines (4–8 years in advanced economies).
  • Equipment shortages (transformers, turbines).
  • Limited space in existing grid infrastructure.

Data center operators and energy planners must work together to avoid bottlenecks, the report says. If the energy sector doesn’t keep up, new data centers could compete with other priorities like electrifying transport or expanding clean manufacturing.

Electricity Supply: Where Will the Power Come From?

To meet this rising demand, the power sector will need a mix of energy sources. The IEA projects that 50% of the growth in electricity for data centers will come from renewables, such as wind and solar. These sources are often chosen because of their fast installation times and lower costs.

Still, solar and wind can’t always supply power around the clock. That’s why natural gas, nuclear, and geothermal are also part of the plan. The IEA expects gas and nuclear generation to rise significantly, especially in the U.S., China, and Japan. 

In particular, new small modular nuclear reactors (SMRs) are expected to come online around 2030. 

Here’s a breakdown of these various energy sources:

  • Renewables (wind and solar): +480 TWh by 2035
  • Natural gas: +180 TWh, especially in the U.S.
  • Nuclear: +190 TWh, led by new reactors in the U.S., China, and Japan​
Global electricity generation for data centers 2035
Source: IEA

Tech companies are also investing in on-site solutions, including battery storage and backup generators, to help manage reliability and carbon impact.

Smart Planning Can Help

Locating new data centers in areas with strong grids and abundant renewable power is one way to reduce risks. The IEA found that 50% of U.S. data centers in development are in places already crowded with existing facilities, raising the chance of local power shortages.

Data centers could also be more flexible by adjusting when they run their servers or using stored energy during peak demand. However, this isn’t always easy. AI data centers are 10x more capital-intensive than aluminum plants, so reducing their output during high-demand periods is costly.

To address this, the report suggests that regulators could explore:

  • Incentives for data centers to use spare server capacity during peak hours.
  • Rewards for investing in grid-friendly designs.
  • Policies encourage new centers to be set up in less congested regions.

Will AI Worsen Climate Change?

There are concerns that AI could add to climate problems due to its high electricity use. In the IEA’s base scenario, emissions from data centers grow from 220 million tonnes (Mt) in 2024 to 300-320 Mt by 2035. In a high-growth case, emissions could reach 500 Mt.

That may sound alarming, but it’s still less than 1.2% of total energy-related emissions worldwide. The real challenge is that data centers are becoming one of the fastest-growing sources of emissions in the energy sector.

That said, AI also offers tools to reduce emissions in other sectors. If widely adopted, AI solutions could cut emissions by up to 5% of global energy-related emissions by 2035. That’s more than the emissions caused by data centers themselves—but still far from enough to solve the climate crisis on its own.

Direct and indirect emissions reductions in end-use sectors in the
Source: IEA
  • In the IEA’s “Widespread Adoption” case, AI-enabled solutions could cut up to 1.4 gigatonnes (Gt) of CO₂ emissions per year by 2035—about 5x more than data center emissions in that same year.

The IEA report highlights several ways AI can reduce costs, increase supply, and cut emissions:

  • Electricity networks: AI can improve renewable energy forecasting, speed up fault detection, and optimize power flows.
  • Oil and gas: AI can detect leaks, predict maintenance, and optimize drilling.
  • Buildings: Smart AI systems can adjust heating and cooling, leading to global electricity savings of 300 TWh—equal to the total power use of Australia and New Zealand.
  • Industry and transport: AI can improve automation and route planning, saving energy equivalent to the use of 120 million cars.

Final Thoughts

AI is here to stay, and it needs a lot of energy to run. As data centers grow in size and number, they are starting to match traditional heavy industries in energy use. Managing this growth responsibly is key.

The IEA emphasizes that close coordination between the tech sector and energy providers is essential. With smart planning and investment, AI’s energy appetite can be met in a way that supports sustainability, reliability, and innovation.

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