News
Carbon Market
June 01, 2022
European carbon prices hike as power generators turn to coal
European carbon prices surpassed 85 euros due to higher compliance buying caused by a rapid increase in coal-fired power output in the bloc, resulting in an estimated 60 megatonne of additional carbon emissions.
May 27, 2022Verra halts tokenization of carbon credits to avoid double counting
Verra, one of the world’s major carbon offset accreditors, announced on Wednesday that it will prohibit the practice of producing blockchain tokens or instruments based on retired credits.
May 19, 2022Japan to pilot first carbon trading market in September
Japan Exchange Group (JPX) is collaborating with Japan’s Ministry of Economy, Trade, and Industry (METI) to set up the country’s first exchange for carbon trading. The scheme is expected to start operating as a technical demonstration project in this Sept
May 17, 2022Germany calls for a 60-euro minimum carbon price in Europe
As Brussels continues talks on an amendment to the EU’s Emission Trading Scheme (ETS) directive, Germany is pushing for a minimum price of 60 euros per tonne of carbon dioxide, claiming that if the EU does not act, it will do so through national measures,
May 13, 2022EU lawmakers back market restrictions to curb speculation
Senior members of the European Parliament’s environment committee have reached initial agreement on a plan to restrict market speculators’ access to the European carbon market, as well as to tighten the carbon market by pushing for a 67% cut in emissions
May 11, 2022Visa teams up with banks to facilitate carbon credit transaction
The global payments technology company Visa, together with Carbonplace, a carbon credit settlement platform, has developed a carbon credit system and has conducted a successful pilot transfer.
May 10, 2022European carbon prices plummet 5% after challenging recent high
The global recession fears have spread to the European carbon market and led to a 5% decline in prices although there are no new dangers of an escalation in the Ukraine war or the impasse between the European Union and Russia over its fossil fuels.
May 09, 2022China’s farmers can now earn money with ‘carbon tickets’
China launched the country’s first carbon emission trading platform for agriculture sector on May 5 as part of the government’s efforts to hit carbon emission peak before 2030 and achieve carbon neutrality by 2060.
May 09, 2022Singapore carbon exchange to launch carbon offset futures trading
To meet the growing demand from businesses to hedge their risks from greenhouse gas emissions, AirCarbon, a Singaporean carbon exchange, is collaborating with Germany’s main bourse, Deutsche Boerse AG, to create futures trading for carbon offsets as early
May 03, 20221.2 billion carbon credits surplus might flood market
A total surplus of 1.2 billion metric tons of carbon credits might flood the carbon market at short notice, according to an analyst from London-based Trove Research.