News

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.　

A number of big companies decided to create in-house carbon credits despite criticisms against offsets.

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.

Indonesia's efforts to decarbonize the country's power generation sector took a significant step forward on Feb. 22 when the government initiated the first phase of mandatory carbon trading for coal-fired power plants.

Tesla’s carbon credit sales reached a new high in 2022, increasing 47% year over year in the fourth quarter, the company reported.

A review of Australia’s controversial carbon credit system has recommended significant changes to how it is managed, but rejected claims that the scheme lacks integrity and is not delivering real cuts in greenhouse gas emissions.

Europe’s carbon market and national scheme for heating and transport brought Germany a record 13.2 billion euros in 2022, the Federal Environment Agency (UBA) said on Tuesday.

The FIFA 2022 World Cup is currently underway in Qatar, a small desert nation with the highest carbon emissions per capita in the world and generates most of its revenue from the extraction and sale of oil.

Criticisms raised by a whistleblower who described Australia’s carbon credit system a fraud that is hurting the environment and wasted more than $1bn in taxpayer funding have been supported in a new report commissioned by the Albanese government.

Australia’s carbon trading market has been booming over the past week with traded volumes leaping more than 50%, as big corporates race to secure offsets ahead of Labor’s pending industrial emissions reforms.