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Fri03272015

Hong Kong’s policy on environment-friendly commercial vehicles to tighten

Hong Kong’s policy on environment-friendly commercial vehicles to tighten

Hong Kong’s Environmental Protection Department will be tightening its qualifyin...

Philippines’ new wind farms add 303 MW to country’s power supply

Philippines’ new wind farms add 303 MW to country’s power supply

Two new wind farms in the Philippines have added 303 megawatts of clean energy t...

Geneva talks require “business unusual” approach – W.W.F.

Geneva talks require “business unusual” approach – W.W.F.

A “business unusual” approach is needed in the Geneva Talks to successfully deli...

New battery uses old batteries for greener energy storage

New battery uses old batteries for greener energy storage

Energizer has developed the world’s first high-performance battery made with rec...

Global warming to bring more devastating weather patterns

Global warming to bring more devastating weather patterns

The United Nations World Meteorological Organization confirmed that global warmi...

Jamaica to get 36.3 MW wind farm by 2016

Jamaica to get 36.3 MW wind farm by 2016

A 36.3 megawatt wind farm in Jamaica has received $62.7 million in funding from ...

A.D.B. provides Thailand with $85 million to develop wind power plant

A.D.B. provides Thailand with $85 million to develop wind power plant

The Asian Development Bank will be providing a company in Thailand loans to deve...

Business

Georgia taking leadership role in developing solar power

Georgia taking leadership role in developing solar power

Tuesday, 17 February 2015

The state of Georgia is emerging as a leader among the 50 states in promoting and implementing the use of solar energy, in part because of both busine...

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Technology

Penn State develops CPV system for rooftops

Penn State develops CPV system for rooftops

Tuesday, 10 February 2015

Researchers at Penn State have developed a concentrating photovoltaic system that is small enough and light enough to be mounted on a building’s roof....

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Politics

New draft text for climate agreement in Geneva reached

New draft text for climate agreement in Geneva reached

Monday, 16 February 2015

A new climate change draft text has been reached during the one-week United Nations-facilitated Geneva talks, leading to a binding treaty that is expe...

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Living Green

Wall-to-floor eco-friendly interior design

Wall-to-floor eco-friendly interior design

Tuesday, 17 February 2015

The materials you surround yourself with—from flooring and window coverings to furniture and accessories—have a great impact on the health of your hom...

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Renewables

Vestas supplies Poland, U.K. with turbines

Vestas supplies Poland, U.K. with turbines

Tuesday, 17 February 2015

Wind turbine manufacturer Vestas has announced that they have secured orders this week for two projects in Poland and the United Kingdom. The orders c...

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Low-Carbon

PG&E plans ambitious E.V. charger roll-out in California

PG&E plans ambitious E.V. charger roll-out in California

Tuesday, 17 February 2015

An estimated 25,000 electric vehicle chargers could be deployed in California by Pacific Gas and Electric Company. PG&E is seeking permission from Cal...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Citi buys carbon credits from Mongolian energy efficiency project

Citi will purchase 1.17 million metric tons of carbon credits over the next seven years from Seattle-based carbon markets intermediary MicroEnergy Credits for reduce household emissions in Mongolia.

In Ulaanbaatar, the Mongolian capital, local lender XacBank will finance the locals' purchase of energy- efficient stoves and insulation fixtures so they increase heat retention and lower the rate of fossil fuel consumption and carbon emissions.

Many of Ulaanbaatar's population still live in traditional, tent-like structures called gers. Gers are traditionally under-insulated and heated by inefficient coal-burning stoves.

The greenhouse gas emissions reductions from the installation of more efficient household insulation and heating fixtures will generate carbon credits.

The reduction in emissions will be earned by XacBank clients and assigned to MicroEnergy Credits. MicroEnergy Credits will then quantify, aggregate and sell the credits to Citi, which can then trade and sell the credits under the European Union Emissions Trading Scheme.

The first carbon credits are expected to be available for purchase by Citi in March next year.

Portions of the proceeds from Citi's carbon credit purchase will also be distributed by MicroEnergy Credits back to XacBank, allowing for the continuation of the energy efficiency micro-loans.

Over-the-counter price for Certified Emission Reductions is currently hovering at over 3 euros ($4) per metric ton.



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