News
Basic Materials
February 08, 2022
EU carbon price hits record high, nearing 100 euros per tonne
On Friday, European Union's carbon permit price hit a new high, closing at above 96 euros, with analysts predicting that the landmark 100-euro mark will be reached soon.
January 20, 2022New CO2 conversion technology offers new route for carbon storage
As climate crisis worsens, reducing carbon dioxide emissions becomes the world’s primary task. Researchers at Royal Melbourne Institute of Technology, Australia, have developed a new method to instantly convert carbon dioxide into solid carbon that can be
January 19, 2022Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,
January 10, 2022UK firms facing 10% higher carbon price than EU rivals post Brexit
Since the UK government has refused a link between the UK Emissions Trading System (UK ETS) and the EU Emissions Trading System (EU ETS) after Brexit, British businesses are paying far more for their carbon dioxide production than their EU counterparts.