December 05, 2023

IMF sees high carbon price as best incentive for decarbonization

The IMF is keen to see the price of carbon increase to give the "biggest possible incentive for decarbonization.” “That price needs to go up, up, up if we are to speed up decarbonization", said its Managing Director Kristalina Georgieva at COP28.
November 22, 2023

Demand for carbon-related insurance is growing, say experts

Where investors see risks in buying carbon credits that might not live up to their promise, insurers are seeing opportunity.
November 17, 2023

EU to auction 244 million carbon permits from Jan-Aug 2024

European governments will auction 244 million EU carbon permits from January to August next year under the bloc's ETS, the European Commission announced on November 16.
November 17, 2023

UK plans to introduce carbon border tax in 2026 following EU’s CBAM

In line with measures announced by the EU, the UK also plans to implement a carbon border tax starting from 2026.
November 10, 2023

Apple says it does not pass on costs of carbon reduction to consumers

Apple does not charge more to account for its carbon reduction efforts in its consumer technology products, said Lisa Jackson, the vice president of Environment, Policy and Social Initiative.
November 01, 2023

BloombergNEF expects global carbon market hits $800 billion in 2023

Bloomberg New Energy Finance (BNEF)’s latest outlook report has predicted that the global carbon market is set to exceed $800 billion this year, marking a 5% year-over-year growth, even though trade volumes have fallen due to Russia’s war in Ukraine.
October 11, 2023

Tokyo Stock Exchange kicks off carbon credit trading to accelerate decarbonization

The Tokyo Stock Exchange began trading carbon credits, a key element in the world's fifth-largest CO2 emitter Japan's strategy to address climate change.
September 25, 2023

Tokyo Stock Exchange to launch carbon credit trading on October 11

Tokyo Stock Exchange will begin trading carbon credits on October 11, launching Japan's first exchange-based carbon market as the world's fifth-largest emitter moves to address climate change.
September 19, 2023

Amazon makes first investment in DAC technology

Amazon announced that it will help fund the direct air capture technology by purchasing 250,000 tons of carbon removal over the next decade.
August 17, 2023

China’s carbon price hits record as power generators rush for permits

China’s carbon price continues to rise, setting a fresh record on Aug. 11 as Beijing pushes power generators to obtain sufficient permits for the year.

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