European power prices to extend drop through 2030 as renewables capacity outpaces generation demand -analysts
European power prices continue to fall from their 2022 record highs and are poised to extend this weakness through the end of the decade, analysts predict.
Read MoreCOP16: Verra unveils nature framework, plans to list first biodiversity credits in April
Carbon crediting standard Verra on Tuesday officially unveiled its long-awaited nature framework for the voluntary biodiversity credit market, expecting to register the first batch of projects from April next year.
Read MoreADB issues first biodiversity, nature bond
The Asian Development Bank (ADB) on Tuesday announced it has issued its first biodiversity and nature bond, with the 10-year issue being purchased by Japanese life insurance company Dai-ichi.
Read MoreEnvironmental data company teams up with MRV tech firm to enhance data product
An environmental data software firm has partnered with a digital monitoring, reporting, and verification (dMRV) company to enhance their forest carbon data, the companies announced on Tuesday.
Read MoreFII24: Saudi Arabia to launch compliance carbon market within three years, close behind voluntary exchange -minister
Saudi Arabia is looking to launch a national compliance carbon market in the next two to three years, the country’s energy minister revealed on Tuesday.
Read MoreFII24: “Massive” hydrogen company to launch in Saudi Arabia, with Europe a key target market
A ‘massive’ green hydrogen company is set to be launched by Saudi Arabia’s Public Investment Fund, with European industrial companies a key target market.
Read MoreE-commerce giant partners with battery startup to boost solar storage
Global online retail firm Amazon has partnered with a Swiss battery startup to trial a new battery technology to address the limitations of solar energy storage in 24/7 operations, the two companies announced on Tuesday.
Read MoreEU fishing policy limits on vessel weight and power are no hindrance to low-carbon transition -report
Limits on vessel weight and power under the EU’s Common Fisheries Policy (CFP) pose no obstacle to transitioning the EU fishing fleet to energy-efficient and low-carbon propulsion technologies, according to a new report by a non-profit.
Read MoreINTERVIEW: Oil and gas player taps geothermal to decarbonise UK heating
The geothermal energy deep beneath UK soil offers a huge, untapped opportunity to decarbonise the country’s heating, according to an oil and gas company developing opportunities in the sector.
Read MoreBP’s faith in oil and gas hits snag in third quarter
BP’s pivot away from the green revolution hit a snag Tuesday after the oil major reported its weakest quarterly earnings since the fourth quarter of 2020, when industry profits cratered during the coronavirus epidemic.
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