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June 08, 2022
Austria mulls deferring carbon tax as inflation concerns grip market
Due to rising energy prices and public criticism, the Austrian government is considering delaying the implementation of carbon tax until October, reported Euractiv.
June 06, 2022Atmospheric carbon levels peak at level not seen for 4 million years
Carbon dioxide in the atmosphere peaked more than 50% higher than pre-industrial levels in May, comparable to levels observed around 4 million years ago, according to the National Oceanic and Atmospheric Administration (NOAA).
June 06, 2022UK, Denmark on track to meet climate pledge while Southeast Asia lags
Denmark and the United Kingdom are among “a handful of countries” on track to achieve net-zero emissions by 2050, while South Asian and Southeast Asian countries like Bangladesh, Vietnam, Myanmar, and India lag, according to the Environmental Performance
June 02, 2022US Navy aims for 100% carbon-free energy by 2030
The United States Navy plans to get 100% of its electrical power needs from carbon-free sources by 2030, with at least 50% coming from local power generation and on-base generation.
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, 2022European 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 31, 2022IKEA to sell solar panels in some US stores
IKEA, the world’s largest furniture retailer, will collaborate with American renewable energy company SunPower to make solar energy more accessible for customers, the company stated earlier this month in a press release.
May 31, 2022Global carbon pricing schemes brought in US$84 billion in 2021
Global carbon pricing revenue reached US$84 billion in 2021, almost 60% higher than in 2020, providing an important source of funding to support a long-term economic recovery, finance broader fiscal reforms, and invest in communities, according to the Wo
May 30, 2022Infineon to adopt 100% green energy for its Austin plant
Infineon Technologies, one of the world’s major semiconductor makers, announced earlier this month that it will run its Austin production site entirely on renewable energy.
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.