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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.

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

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.

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.

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.

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.

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

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.

Poor quality data and supply shortages remain key hurdles for China’s national carbon ETS. The world’s largest carbon market has seen lower-than-expected trading volume and weak carbon prices in the past year.

Hedge fund manager Per Lekander, who has been historically bullish on carbon prices, is predicting that carbon credit prices will drop as Europe speeds up energy transition.