News
Carbon Market
August 01, 2022
Cambodia earns $11.6 million from selling carbon credits
Cambodia has earned $11.6 million from 2016 to 2020 by selling carbon credits in the global voluntary carbon market.
July 29, 2022Canadian city of New Westminster earns $26 million from selling low-carbon credits
The City of New Westminster in western Canada recently received 26.4 million Canadian dollar ($20.6 million) after selling the credits it had earned under the BC Low Carbon Fuel Standard (BCLFS).
July 20, 2022Airbus teams up with major airlines to develop carbon removal plan
European airplane manufacturer Airbus and several major airlines, including Air France-KLM, International Airlines Group, Lufthansa Group, and Virgin Atlantic, signed letters of intent to explore opportunities for the future supply of carbon removal credi
July 19, 2022China’s carbon market trading hits 194m tonnes in one year, becoming world’s largest
The trading volume of China’s national carbon market hit 194 million tonnes, with a cumulative turnover of 8.49 billion yuan (US$1.26 billion), since its launch on July 16, 2021, the data released by Shanghai Environmental and Energy Exchange showed.
July 12, 2022Houston-based carbon credit registry provides first international soil carbon credits in UK
A Houston-based non-profit organization, BCarbon, issued their first international soil carbon credits that using farmland to remove carbon in the atmosphere in the UK.
July 08, 2022Shanghai eyes personal carbon account to encourage low-carbon consumption
Shanghai’s Pudong New District will create personal carbon accounts for local citizens, according to a new local green finance rule entering into force on 1 July. The move aims to explore the emission-cutting potential of personal consumption and package
July 06, 2022Hong 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.