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carbon credits

How Carbon Market Boost At COP29 Can Bolster Indian RE Sector?

After a long wait, global leaders have approved the standards for an international carbon market at the latest COP20 at Baku in Ajerbaijan. The United Nations Framework Convention on Climate Change (UNFCCC) announced this significant development in an official release. The new UN-backed global carbon credit market is set to pave the way for increased […]

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GUVNL Deserves Carbon Credit Share From RE Project: GERC

In an interesting case, the Gujarat Electricity Regulatory Commission (GERC) has ruled that wind energy generators must share the benefits of carbon credits with power distribution companies, regardless of the platform used. The order was passed in a case where the Power Purchase Agreement (PPA) was executed under a generic tariff arrangement. The case emerged […]

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Google in 1.5 GW Pact With Energix For Renewable Power, Credits

Energix Renewables, a leader in the U.S. renewable energy sector and part of the Energix Group, has  announced the signing of a strategic long-term agreement with Google. The agreement will initially cover 1.5GWp of solar project development until 2030. Future expansion options will include, Energix supplying electricity and Renewable Energy Credits (RECs) generated from its […]

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Carbon Credit Market to Soar: From $267.8 Billion to $1.2 Trillion by 2029

Despite the scandal involving Shell and 5.7 million tons of fraudulent carbon credits earlier this year, efforts from the carbon credit industry continue to show results, with the latest BCC research study showing an expected growth from $267.8 billion in 2023 to $1.2 trillion by 2029 at a compound annual growth rate (CAGR) of 28.4%. […]

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Impose Carbon Tax In India To Handle CBAM Issue: CSE

A new report from New Delhi-based think tank Center for Science and Environment (CSE) said that the developing countries might consider imposing carbon tax and other measures on their own to tackle the issue of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM). This comes at a time when the EU has planned to […]

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Possible To Abate 400 Mt CO2 Emissions Globally With Carbon Capture: IEA

IEA (International Energy Agency) report on carbon capture and storage identifies challenges in deployment of clean energy technology and in reducing carbon emission. It also compares carbon capture technology, which based on technology for CO2 reduction, with solar PV (Photovoltaic) technology which aim at electricity generation. The report finds that, the depending on other variables […]

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BEE Releases Norms For India’s Compliance Carbon Credit Market

The Bureau of Energy Efficiency (BEE) has now issued a draft procedure for compliance mechanisms under the Carbon Credit Trading System (CCTS). The detailed document talks about the compliance mechanism, GreenHouse Gas (GHG) emission intensity trajectory, verification process and issuance of carbon credits and others. It said that the Ministry of Environment, Forest and Climate Change (MoEF) […]

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US, EU and Japan Lead in Carbon Capture and Storage Usage: Report

The European Union (EU) released a report sharing an ongoing trend in the usage of CCUS (Carbon Capture Utilization and Storage). The report gives an assessment of 2022 global industry. The report states that the CCUS industry witnessed an increase in storage capacity by 44% over the year. However, the report anticipates that the cost […]

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Renewable Energy Credits In Demand In US As Utility Seeks RFP For 570,000

Renewable Energy Credits (RECs), also termed Renewable Energy Certificates, in India are gaining wider currency in the US as utilities use them to fulfill green energy requirements for themselves and even customers in many cases. The latest is US utility FirstEnergy Ohio that has launched a request for proposal (RFP) to purchase 570,000 renewable energy […]

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