The market capitalisation of renewable energy company 1414 Degrees rose to $5 million this week, with huge interest in the company’s shares on Friday more than tripling its value.

1414 Degrees rose 272.73 per cent in the trading week to close at $0.082 per share on Friday afternoon.

It was such a jump that the ASX queried the “significant increase in the volume of 14D’s securities traded today”.

The company said it was not aware of any information that had not yet been released to the market.

However, it said that the Climate Change Authority’s new recommendation for Australia to set a 2035 target to reduce the nation’s greenhouse gas emissions by 62-70 per cent might “attract industry participants seeking to meet the new targets”.

1414 Degrees has a product called ‘SiBrick’, which it

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