News
Carbon Market
April 21, 2023
European Parliament approves EU’s biggest climate policy
The European Parliament approved on April 18 as many as three pieces of legislation from its landmark Fit for 55 package, which aims to reduce greenhouse gas emissions by 55% by 2030.
April 07, 2023Large corporations fund their own carbon credit projects
A number of big companies decided to create in-house carbon credits despite criticisms against offsets.
March 29, 2023Carbon allowance sales up 9% to $63 billion
A record $63 billion was raised from the sale of carbon allowances across 28 emission trading systems (ETS) in 2022, as many countries increased ambitions to cut pollution despite record high energy prices following Russia’s invasion of Ukraine, a report
March 27, 2023New Zealand's carbon allowance unit prices plunge to 18-month low
Prices of New Zealand Units, or NZUs, the country's emission trading carbon allowance unit, dropped to 18-month lows March 24 after a short-lived jump from a failed auction on March 15.
February 21, 2023Oil-rich Guyana eyes carbon offset as lucrative revenue stream
Guyana, which has pioneered offshore oil exploration, is leveraging its inland forests to access carbon markets, a business that the government sees as more profitable than mining or agriculture, Vice President Bharrat Jagdeo said.
January 30, 2023Analyst predicts EU carbon price to edge higher but risks remain
Analysts have revised up their average price forecasts for EU carbon permits for the next three years in anticipation of improving economies in Europe as energy prices fall from record highs.
January 16, 2023MEPs to vote on key EU ETS reforms in February
The European Parliament’s environment committee may vote on key reforms of the EU ETS in February, with a parliamentary vote due in March, MEP Pieter Liese said on Thursday.
January 04, 2023Germany earns record 13 billion euros from carbon pricing
Europe’s carbon market and national scheme for heating and transport brought Germany a record 13.2 billion euros in 2022, the Federal Environment Agency (UBA) said on Tuesday.
December 26, 2022China’s ETS trading volume crosses 10 billion yuan mark
China’s national emissions trading scheme (ETS), the world’s largest carbon market covering a seventh of emissions globally, hit 10 billion yuan (US$1.4 billion) in total transactions on Thursday.
December 20, 2022EU strikes deal on major carbon market reform
EU member states and parliamentarians on Sunday reached a political deal to reform the bloc's carbon market, the key policy of its ambitions to cut emissions and invest in climate-friendly technologies.