News
Carbon Market
February 17, 2022
Lead EU lawmaker proposes amendments to tame skyrocketing carbon price
German member of European Parliament Peter Liese suggested on Wednesday that the European Union release permits held in a carbon market reserve if the price of carbon credits rises above certain threshold.
February 16, 2022EU economic recovery drives up greenhouse gas emissions in third quarter
As economies recovered from the coronavirus crisis, greenhouse gas emissions increased across the European Union in the third quarter of 2021, according to the report released by Eurostat on Tuesday.
February 14, 2022Old carbon credits preferred by companies threaten climate pledges, experts warn
According to a new analysis published by Nikkei, one of the world’s largest financial newspaper, nearly 40% of carbon credits acquired by firms are more than five years old, which might threaten progress on reducing greenhouse gas emissions.
February 10, 2022Key EU lawmaker seeks tougher rules for carbon price mechanism
Peter Liese, a German Christian Democrat and member of European Parliament, is pushing for stricter controls to refrain the bloc’s carbon prices from growing too quickly. Following his remarks, the benchmark December 2022 contract was traded at 91.54 euro
February 09, 2022World’s largest companies fall far short of net-zero, climate group says
According to a study conducted by NewClimate Institute, some of the world's largest corporations are failing to live up to claims that they will achieve net-zero emissions targets, reducing carbon emissions by only 40% rather than the projected 100%. Amaz
February 08, 2022EU carbon price hits record high, nearing 100 euros per tonne
On Friday, European Union's carbon permit price hit a new high, closing at above 96 euros, with analysts predicting that the landmark 100-euro mark will be reached soon.
January 26, 2022EU carbon prices could rally further amid sky-high gas prices: experts
The continuously increasing gas prices have turned European electricity generators to use more polluting coal-fired power and drive up demand for carbon permits. Analysts have thus upped their average price projections for carbon permits in Europe.
January 25, 2022China’s carbon price may surge to 65 yuan per ton if government tighten benchmarks
The Chinese government is reportedly to consider a steeper cut in carbon quotas, which would result in a higher cost for small and inefficient coal power plants.
January 19, 2022Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,
January 14, 2022EU’s proposed carbon pricing rules let half of Europe’s ships off the hook
The European NGO Transport & Environment (T&E) found in a new study that the European Commission's proposed carbon pricing scheme for shipping will let small vessels slip through the net, exempting millions of tonnes of carbon dioxide from tax.