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TOKYO, April 30, 2021 /PRNewswire/ XELS, a revolutionary blockchain-based carbon offset platform, today announced that it has joined forces with renowned carbon brokerage and risk management firm Redshaw Advisors. Under the collaboration, Redshaw Advisors will provide strategic advisory, consulting, and procurement of carbon credits for XELS.
Award-winning carbon broker Redshaw Advisors to assist XELS with offset procurement and strategy.
Initially focused on the voluntary carbon credit segment, XELS launched its blockchain platform and eponymous digital asset earlier this month. The startup s tokenized offset credits, which exist on an immutable public ledger, are designed to boost both transparency and participation in carbon markets. Unlike traditional carbon credits, XELS cannot be modified or double spent, and the process of burning used tokens ensures the credit is retired forever.
Green certificates trading shrinks to 9.2 lakh in 2020-21, 60.58 lakh inventory piles up
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Last Updated: Apr 25, 2021, 11:55 AM IST
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Synopsis
The REC or green certificate trades were suspended in July 2020 after the Appellate Tribunal for Electricity (APTEL) decided to postpone the trading by four weeks while hearing three separate petitions related to an issue of fixing floor and forbearance prices of RECs by the Central Electricity Regulatory Commission (CERC).
Agencies
REC trading is conducted on the last Wednesday of every month on the Indian Energy Exchange (IEX) and the Power Exchange India (PXIL).
The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March 31, 2021, which includes 7.71
The FINANCIAL - On a Changing Planet, NASA Goes Green finchannel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finchannel.com Daily Mail and Mail on Sunday newspapers.
In Brief:
In addition to collecting data on humanity s effect on our planet, NASA is working toward becoming more sustainable.
NASA is responsible for collecting much of the data that people use to explain humanity’s environmental impact on Earth, from documenting climate change and its impacts on ice, sea level, and weather patterns, to monitoring the health of forests and the movement of fresh water.
But NASA doesn’t just report the data. It also acts on it.
NASA facilities across the United States are each working toward becoming more sustainable workplaces. Across 47 million square feet (4.3 million square meters) and 5,000 buildings, NASA works to fulfill its mission of revealing the unknown while lessening its demand on the planet’s resources.
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