News
Carbon Market
July 06, 2022
Hong Kong exchange to set up international carbon market with HSBC, Tencent
The Hong Kong Exchanges and Clearing Ltd (HKEX) announced on Monday that it has teamed up with major corporations and financial institutions such as HSBC and Tencent to create an international carbon market.
July 04, 2022Australia to review carbon credit scheme after ‘fraud’ allegations
Australia’s new Labor government has appointed a climate scientist to conduct a six-month review of the country’s carbon credit scheme, following concerns that certain projects receiving credits are not actually reducing carbon emissions.
July 04, 2022Test Australia to review carbon credit scheme after ‘fraud’ allegations
Australia’s new Labor government has appointed a climate scientist to conduct a six-month review of the country’s carbon credit scheme, following concerns that certain projects receiving credits are not actually reducing carbon emissions.
July 01, 2022Gabon to issue world’s largest volume of carbon credits
Gabon, a country located on the west coast of Africa, is planning the world’s biggest carbon credits issuance ever, involving 187 million carbon credits with almost half of them to be sold on the offsets market.
June 28, 2022UK government handed airlines with 4.4 million free carbon allowances
In 2021, the UK Government provided airlines with free carbon permits worth of roughly 242 million pounds (US$297 million), enough for the entire industry to avoid a carbon emission cap and trade regime, according to research released by Transport & Envir
June 16, 2022NZ carbon prices rise on strong demand at auction
The New Zealand Government held on Wednesday its second carbon allowance auction for the year, auctioning 4.825 million tonnes of carbon credits on the NZX-EEX platform. Due to the strong demand, the prices went up to 76 New Zealand dollars per tonne, up
June 13, 2022European lawmakers reject EU ETS reform but vote to ban diesel cars
Members of the European Parliament (EP) last week rejected proposals to include marine and road transport in the EU Emissions Trading Scheme (ETS). On the other hand, a proposal to expand its carbon market to all departing flights was approved.
June 09, 2022Travelers can cut carbon footprint under Singapore Airlines’ new scheme
Singapore will introduce a carbon credit program for sustainable aviation fuels in July, providing businesses and travelers with the option of paying additional costs to cut their carbon footprint when flying and transporting goods by air.
June 02, 2022Carbon quality initiative launches free tool to score projects
The Carbon Credit Quality Initiative (CCQI) this week released a new interactive tool to rate the quality of various forms of carbon credits. The free online CCQI Scoring Tool is designed to help buyers in the expanding carbon credit market to make inform
June 01, 2022Bursa Malaysia, Verra team up to work on voluntary carbon market
In the hopes of establishing a voluntary carbon market (VCM) in Malaysia, the Bursa Malaysia Exchange has signed a memorandum of understanding (MoU) with Verra, an international carbon credit standards body.