July 17, 2023

Exxon boosts CCS business with $4.9 Denbury acquisition

Exxon Mobil agreed to buy Denbury for $4.9 billion on July 13, to accelerate its energy transition business with an established CO2 storage operation.
July 10, 2023

India forms committee to oversee its first domestic carbon market

To boost the trading of carbon credits in the country, India’s Ministry of Power has notified the Carbon Credit Market Scheme. Within just a few days ago, the government releasing a draft document for establishing a carbon credits market in India.
July 05, 2023

China says no way to set the same carbon price as EU now

It is now impossible to ask China to set the same carbon price as the EU, as the two sides' carbon prices were set under different development conditions and emission goals, said a Chinese climate official, who also criticized EU's new carbon tariff as "u
June 16, 2023

Saudi company sells 2.2 mln tonnes of carbon credits in auction

More than 2.2 million tonnes of carbon credits were sold on June 14 at an auction organized by the Regional Voluntary Carbon Market Co. in the Kenyan capital Nairobi, the Saudi firm said. 
June 13, 2023

New alliance to grow UAE carbon market

A new coalition called UAE Carbon Alliance making up of UAE companies has been established to develop and grow a carbon market in the United Arab Emirates. 
June 06, 2023

Carbon markets predicted to face short-term price dips

Despite forecasting near-term declines in carbon prices amid political and macroeconomic uncertainty, market participants are optimistic that reforms will push compliance market prices higher in the coming years and the voluntary carbon market will grow t
May 19, 2023

India to confront EU Carbon Tax at WTO

India intends to file a complaint to the WTO over the EU's proposal to impose a 20% to 35% levy on carbon-intensive imports such as steel, iron ore, and cement from India, according to top government and industry sources.
May 11, 2023

China completes first online trade for 1,000 tons of liquified CO2

China's Daqing Oilfield Co recently completed its first online trade for 1,000 tons of liquefied CO2 by bidding in the domestic market with a premium of 210 yuan ($30.37) per ton added to the original price, China Media Group reported on Monday.
April 13, 2023

European aviation warns of €‎800bn bill to reach net zero

The European aviation industry faces more than ‎800 billion euros in extra costs to reach net zero emissions by 2050 to limit climate change, according to an industry-commissioned report that highlights the challenge facing the sector as it decarbonises.
March 27, 2023

New Zealand's carbon allowance unit prices plunge to 18-month low

Prices of New Zealand Units, or NZUs, the country's emission trading carbon allowance unit, dropped to 18-month lows March 24 after a short-lived jump from a failed auction on March 15.

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