News
Carbon Market
April 21, 2022
EU carbon prices jumps 9% as the bloc moves closer to market reform
The benchmark European carbon contract soared to nearly an eight-week high following news of potential European Union market reform, and technical purchasing drove the contract through resistance levels of the past few weeks.
April 18, 2022Indonesia halts verification process for carbon project amid regulatory concerns
Indonesia's Ministry of Environment and Forestry has confirmed the suspension of validating certain carbon projects in the country's Sumatra and Kalimantan regions since they didn’t comply with the country’s regulation.
April 13, 2022EV credits scheme launched in Singapore to support sustainable transition
Singaporean carbon trading company CRX CarbonBank launched on Tuesday the Electric Vehicle Accelerator initiative, a scheme that generates caron credits based on greenhouse gas emissions avoided by electric vehicle charging points, allowing charging stati
March 30, 2022Abu Dhabi to launch world's first regulated carbon trading exchange
Abu Dhabi Global Market announced on Tuesday the partnership with AirCarbon Exchange (ACX), a Singapore-based commodities exchange, which will allow ADGM to establish in Abu Dhabi the world’s first fully regulated carbon trading exchange and carbon cleari
March 25, 2022Australian carbon prices may need years to recover amid ‘mountain of supply’: analyst
Australian Carbon Credit Units (ACCUs) have seen a significant drop in value after the government announced new changes to the carbon credit scheme earlier this month. Analysts predict that the plunge might last for years.
March 21, 2022Voluntary carbon market expected to grow 100 times as firms vowing net zero
The carbon credit market, which consists of the voluntary and regulatory markets, has the potential to boom as the world approaches its 2050 goal of net zero carbon emissions. “The demand for voluntary carbon credits is estimated to grow 15 times by 2030,
March 11, 2022Australian carbon prices plummeted after regulator’s surprise intervention
Last Friday, Australia's Clean Energy Regulator announced new changes to the Emissions Reduction Fund, as well as a decision to share with carbon farmers and landholders the windfall profits generated from the change.
March 09, 2022Carbon credits market to worth trillions within two decades
As governments set up environment pledges, most enterprises around the world are required to attain net zero emissions by 2050. The carbon credit market thus has the potential to explode. The total amount of carbon credits traded last year was over US$1 b
March 04, 2022Australian carbon prices crash below AU$50 amid global market uncertainty
As uncertainty grips global energy markets, Australian Carbon Credit Units have seen their first continuous drop in value in over a year, with the price ending on Thursday at AU$46.75 per tonne, down nearly 20% from the all-time highs achieved in January.
March 02, 2022European carbon permits suffer biggest one-day fall amid Russia-Ukraine conflicts
The benchmark European carbon price plummeted 16.25% on Tuesday, closing at 68.85 euros. The price is now down more than 28% since Russia's invasion of Ukraine, with the price decoupling from the energy markets it normally monitors due to profit-taking an