News
News
June 26, 2023
Indonesia carbon exchange set to launch in September
Indonesia projects to initiate its carbon exchange in September, with power generation companies the first to trade on it.
June 21, 2023Brazil vice president says carbon market could increase GDP by 5%
Brazil’s vice president Geraldo Alckmin said the carbon market could surge by 5% the GDP of the country and bring in USD 120 billion by 2030.
June 16, 2023Saudi 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, 2023New 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 12, 2023IETA opens Asia hub in Singapore to support carbon market
The International Emissions Trading Association (IETA) has launched its Asia hub in Singapore on Jun 8.
June 06, 2023Carbon 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 24, 2023Vietnam to launch carbon trade exchange in 2028
Vietnam plans to officially run a carbon trade exchange in 2028, according to a draft carbon market project in Vietnam conducted by the Ministry of Natural Resources and Environment.
May 11, 2023China 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 27, 2023Carbon trading market to reach USD 479 million by 2030
In 2022, the carbon credit trading platform market was worth around USD 103 million, and it is projected to advance at a 21.20% CAGR from 2022 to 2030, hitting USD 479 million by 2030, according to P&S Intelligence.
April 21, 2023European Parliament approves EU’s biggest climate policy
The European Parliament approved on April 18 as many as three pieces of legislation from its landmark Fit for 55 package, which aims to reduce greenhouse gas emissions by 55% by 2030.