Fourth-quarter performance and bookings boost profitability target to 2021 for natural-gas fuel cells. Hydrogen and carbon capture are the next steps. Bloom Energy reported record fourth-quarter and annual revenue on Wednesday and upped its target to reach profitability to 2021, a year ahead of schedule. A fourth-quarter sales surge brought annual fuel cell deliveries to 132.6 megawatts, while […]
ONGC cuts carbon intensity by over 12% in 5 years: Chairman
NEW DELHI : State-owned Oil and Natural Gas Corporation (ONGC) has cut carbon emission intensity of its operations by over 12 per cent in the last five years as part of making its operations more sustainable, chairman and managing director Shashi Shanker said. Shanker, speaking at the 15th National Convention of Global Compact Network India […]
Microsoft cuts carbon emissions by 6% in first year
Microsoft has reduced carbon emissions by 6 per cent, or roughly 730,000 metric tonnes, in its first year of the broad committed to become carbon negative as a company by 2030. Microsoft has reduced carbon emissions by 6 per cent, or roughly 730,000 metric tonnes, in its first year of the broad committed to become […]
New Zealand Government Told to Move Faster on Carbon Reduction
New Zealand’s government welcomed a harsh assessment of its efforts to reduce carbon emissions, saying it was willing to do more to achieve its targets. The Climate Change Commission said on Sunday that the country’s government must move faster to reduce greenhouse gas emissions. The independent body published a draft package of advice on the […]
Infosys becomes carbon neutral; outlines ESG vision for 2030
“Today, our 2030 vision reflects how ESG will continue to be integral to Infosys’ sustainable business performance,” he said in the ESG Vision 2030 report India’s second largest software services firm Infosys on Wednesday said it has turned carbon neutral, three decades ahead of the timeline set by the Paris Agreement for 2050. The Bengaluru-based […]
Carbon tax will shift focus to renewable energy sources
LETTERS : Human activites are largely to blame for the emission of carbon dioxide (CO2), accounting for about two-thirds of greenhouse gases (GHGs). The Intergovernmental Panel on Climate Change said the average global surface temperature from 1880 to 2012 has increased by 0.85ºCelcius, causing global sea level to increase by 19cm in 2010. The National […]
China Solar Stocks Are Surging After Xi’s 2060 Carbon Pledge
China’s massive renewable energy industry has seen shares soar since President Xi Jinping announced the country aims to go carbon neutral by 2060. That surge continued Friday as mainland-listed solar giants like Longi Green Energy Technology Co. and Tongwei Co. jumped in their first trading after a week-long holiday during which some peers in Hong […]
China’s 2060 carbon neutral goal bill could hit over $5 trillion
SINGAPORE: China’s goal of reaching carbon neutrality by 2060 would require investments of more than $5 trillion, which would include renewable power generation capacity, consultancy Wood Mackenzie said on Thursday. President Xi Jinping said at the United Nations General Assembly in September that China would achieve carbon neutrality before 2060, the first time the […]
Cutting carbon emissions and power costs in Southeast Asia
On the rooftop of a building in Singapore, beside one of the company’s latest installations, Total Solar Distributed Generation’s CEO, Gavin Adda, explains, “One of the big things people don’t realize about solar power is that with it you can help reduce climate change, achieve sustainability targets, and cut costs at the same time.” Adda […]
China Pledges Net-Zero Carbon Emissions by 2060. That Gave the Rally in Solar Stocks Another Boost.
Investors can generally ignore goals that world leaders promise the U.N. General Assembly they will achieve 40 years from now. Chinese President Xi Jinping’s recent pledge to make his country carbon neutral by 2060 is an exception. The scope of Xi’s ambition, in a country that still gets two-thirds of its power from coal, is […]