News
Finance
June 28, 2022
UK government handed airlines with 4.4 million free carbon allowances
In 2021, the UK Government provided airlines with free carbon permits worth of roughly 242 million pounds (US$297 million), enough for the entire industry to avoid a carbon emission cap and trade regime, according to research released by Transport & Envir
June 21, 2022
Chanel goes green with carbon credits offsetting 6.9 million tonnes carbon
Chanel has spent US$25 million in carbon credit offsets, which have cut or eliminated 6.9 million metric tonnes of carbon emissions every year, according to the French luxury brand’s Mission 1.5 climate report.
May 16, 2022
Companies committed to SBTi targets represent $38 trillion economy
A record number of firms are committing to and adopting science-based climate targets, according to a recent report released by the Science-Based Objectives Initiative (SBTi), the global organization that encourages firms to set science-based emissions re