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Singapore’s 2024 Carbon Tax Revenue Falls Short Amid Industry Allowances
Singapore’s carbon duty profit for 2024 is projected to be about$ 642 million, significantly lower than the anticipated$ 1 billion, despite the duty rate having been raised fivefold to$ 25 per tonne. The straight Times reports that while the increase in duty rate was anticipated to induce advanced profit, the...
Unity Group Unveils World's First ESG Light Certified for Carbon Credits
Unity Group Holdings International Ltd, a Hong Kong-listed company, has introduced the world’s first ESG Light certified for carbon credits at the Carbon Credit and ESG Ecosystem 2025 Conference in Malaysia. The ESG Light integrates advanced energy-saving technology and offers exceptional energy efficiency. Operating at just 4.5 watts, it provides...
Norne & Port of Aalborg Advance Key CO₂ Storage Hub with EU Grant
Norne and Port of Aalborg Advance Key CO₂ Storage Hub with EU Grant and New Infrastructure Norne Carbon Storage Hub, a portfolio company of Fidelis New Energy, and the Port of Aalborg have reached a major milestone in developing one of Europe’s most ambitious carbon storage projects. The partners have...
Tech Giants' Indirect Emissions Surge as AI Expands, UN Report Finds
A new United Nations report reveals that indirect carbon emissions from four major AI-driven tech companies—Amazon, Microsoft, Alphabet (Google), and Meta—rose by an average of 150% from 2020 to 2023. This increase is largely due to the growing energy demands of data centers that support artificial intelligence applications. Rising Emissions...
