News
Carbon Market
July 24, 2023
Activists urge Indonesia to push for fairer carbon market
Climate activists urge Indonesia to ensure that the global carbon market does not undermine genuine greenhouse gas emission reduction efforts ahead of the COP28 in Dubai.
July 21, 2023Tanzania carbon credit projects draw $20B: the growing value of Africa
Voluntary carbon market is gaining momentum in Africa, with Tanzania revealing that it will receive over $20 billion investment for carbon offset credits.
July 17, 2023Analysts cut EU carbon price forecasts on weaker power demand
Analysts have trimmed average price forecasts for EU carbon permits on expectations of lower demand from the power sector as renewable generation increases.
July 12, 2023Malaysia’s national carbon policy expected to be enacted this year
Malaysia ‘s National Carbon Policy, which aims to provide guidance on carbon trading at the state level, is expected to be ready for carry out this year.
July 10, 2023India forms committee to oversee its first domestic carbon market
To boost the trading of carbon credits in the country, India’s Ministry of Power has notified the Carbon Credit Market Scheme. Within just a few days ago, the government releasing a draft document for establishing a carbon credits market in India.
June 30, 2023VCMI launch standard to rate company’s carbon offset claims
A standard to assess cooperate’ claims about progress towards internal climate targets and their use of carbon offset credits was launched on June 28 by VCMI aiming to bring transparency and confidence to an unregulated market.
June 28, 2023Japan's JX Nippon plans to store 5 mln tonnes of carbon by 2030
Japan's JX Nippon Oil & Gas Exploration Corp, a unit of ENEOS Holdings, aims to store 5 million metric tons of carbon by 2030.
June 26, 2023Indonesia carbon exchange set to launch in September
Indonesia projects to initiate its carbon exchange in September, with power generation companies the first to trade on it.
June 21, 2023Brazil vice president says carbon market could increase GDP by 5%
Brazil’s vice president Geraldo Alckmin said the carbon market could surge by 5% the GDP of the country and bring in USD 120 billion by 2030.
June 13, 2023New alliance to grow UAE carbon market
A new coalition called UAE Carbon Alliance making up of UAE companies has been established to develop and grow a carbon market in the United Arab Emirates.