Shell leads the $1.4-bn carbon credits market

Shell led the global voluntary carbon market with the most carbon credits retired in 2024. Shell, other multinational energy firms, technology, and fashion giants have been increasingly leaning on carbon credits as one way to reduce their greenhouse gas emissions and meet their net-zero corporate goals. Companies use the so-called carbon credits to remove, reduce, or save

Goldman warns of a possible increase in the price of Asia LNG

If the supply of gas in Europe tightens this winter, liquefied natural gas prices in Asia might rise to more than $20 per million British thermal units (mmBtu), according to Goldman Sachs report. According to Goldman Sachs, Europe and Asia will have less access to LNG next year than anticipated due to delays in the

Aviation biofuel market will reach $60.4459 bn mark by 2030

Aviation Biofuel Market Size was valued at $40.2 billion in 2022. The Aviation Biofuel market industry is projected to grow from $42.612 Billion in 2023 to $60.4459 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 – 2030). Aviation biofuel refers to a renewable and sustainable alternative

Wärtsilä celebrates 30 years of commitment to the Mexican energy market

Technology group Wärtsilä celebrates 30 years of operations in the Mexican market. An anniversary event was held in Mexico City on 23 November. The event showcases the company’s strong presence in Mexico, and its continued commitment to supporting Mexico’s capabilities in delivering reliable and efficient power. In parallel with the anniversary event, Wärtsilä inaugurated its

Indonesia launches carbon credit market

Indonesia launched a carbon credit trading market as part of its goal to reduce carbon emissions and achieve net zero by 2060. Southeast Asia’s largest emitter selected the Indonesia Stock Exchange (IDX) as the exchange for trading carbon credits. The carbon exchange will also promote energy transition and mitigate the climate impact of the country’s

Global biofuels market to reach $390.6 bn in 2030

In California, Coherent Market Insights reported that the global biofuels market is estimated to be valued at $213.68 million in 2022 and is expected to experience a CAGR of 9% during the 2023-2030 period. The report also highlighted that North America is expected to hold a dominant position over the forecast period due to high

Hydrogen market in India may touch $19bn by 2030

Blue hydrogen is produced by converting methane and steam into gray hydrogen, which is a polluting form of hydrogen. The process for producing blue and gray hydrogen is the same, but the management of CO2 differs.

Green hydrogen market could hit $850 billion in 2050

Rethink Energy predicts the green hydrogen market to reach a $850 billion valuation in 2050, driven by the installation of over 5 TW of electrolysis capacity. The report highlights the importance of approximately 650 GW of electrolyzer manufacturing capacity and expects cumulative sales of $2 trillion, resulting in a significant return on the $111 billion

EU, and Japan agree to cooperate on hydrogen market development

The EU and Japan have intensified their cooperation on hydrogen with the signature of a Memorandum of Cooperation (MoC) to spur innovation and develop an international hydrogen market. As frontrunners in hydrogen technology, the EU and Japan will work together for sustainable and affordable production, trade, transport, storage, distribution and use of renewable and low-carbon

Chinese carbon market shows great progress in the world

The cumulative trading volume of the carbon market reached 194 million tons in China, with a cumulative turnover of 8.49 billion yuan ($1.26 billion). Carbon emissions by 2,162 power companies were covered in the first batch of trading, with a total emission of about 4.5 billion tons in one year. One year on, the carbon