Google in 1.5 GW Pact With Energix For Renewable Power, Credits Updated On Wed, Aug 21st, 2024 by Saurenergy 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 […] Read more
Carbon Credit Market to Soar: From $267.8 Billion to $1.2 Trillion by 2029 Updated On Tue, Jul 30th, 2024 by Saurenergy 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%. […] Read more
Impose Carbon Tax In India To Handle CBAM Issue: CSE Updated On Thu, Jul 18th, 2024 by Saurenergy 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 […] Read more
Possible To Abate 400 Mt CO2 Emissions Globally With Carbon Capture: IEA Updated On Mon, Dec 4th, 2023 by Saurenergy 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 […] Read more
BEE Releases Norms For India’s Compliance Carbon Credit Market Updated On Thu, Nov 9th, 2023 by Saurenergy 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) […] Read more
US, EU and Japan Lead in Carbon Capture and Storage Usage: Report Updated On Wed, Nov 1st, 2023 by Saurenergy 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 […] Read more
Renewable Energy Credits In Demand In US As Utility Seeks RFP For 570,000 Updated On Wed, Oct 18th, 2023 by Saurenergy 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 […] Read more
Ministry Of Power Notifies Domestic Carbon Credit Market Scheme Updated On Fri, Jun 30th, 2023 by Saurenergy The Ministry of Power has now notified the Indian Carbon Credit Market Scheme to boost the trading of carbon credits in the country. The scheme provisions talk about how the market would be governed in the country. The scheme proposed the constitution of a National Steering Committee, which will govern the Indian Carbon Credit […] Read more
India Gets Ready To Roll Out Its Domestic Carbon Credit Market Scheme Updated On Fri, Jun 30th, 2023 by Saurenergy Around a year after the Indian Parliament passed the Energy Conservation Bill 2022, the final draft of a scheme meant to govern the Indian domestic carbon credit market is close to completion. This legislation mandated the government to come out with rules to create a local carbon credit market. According to officials in the concerned ministries, […] Read more
