News
April 21, 2023
European 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.
March 31, 2023Global initiative outlines criteria for voluntary carbon market
The Integrity Council for the Voluntary Carbon Market (ICVCM), an independent governance body for the voluntary carbon market, outlined standards on March 30 that it hopes will bring transparency to the $2 billion market, which has struggled for credibili
February 24, 2023EU carbon price hits record high, topping €100 per tonne
The price of permits on the European Union's carbon market reached 100 euros ($106.57) a tonne for the first time on Feb. 17, reflecting the increased costs that factories and power plants must bear when they pollute.
EUAs are the primary currency in t
February 21, 2023EUAs are the primary currency in t
Oil-rich Guyana eyes carbon offset as lucrative revenue stream
Guyana, which has pioneered offshore oil exploration, is leveraging its inland forests to access carbon markets, a business that the government sees as more profitable than mining or agriculture, Vice President Bharrat Jagdeo said.
January 12, 2023Carbon pricing could raise $7-B revenues in the Philippines: IMF
The introduction of carbon pricing in the Philippines could raise around $7 billion in revenues by 2030, according to a report released by the International Monetary Fund (IMF).
November 16, 2022Australian carbon trading volumes jump 50% as corporates place bets ahead of review
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.
October 12, 2022London Stock Exchange introduces listing rules for carbon offset
The London Stock Exchange has set listing rules for companies that finance carbon offset projects to grow the market and enhance transparency.
October 03, 2022Malaysia to become major carbon market in Asia: McKinsey
Malaysia is poised to become one of Asia's leading carbon markets, according to global consulting giant McKinsey & Co.
August 11, 2022Australian climate advisers recommend establishment of national carbon market
Australia’s Climate Change Authority recently suggested Australia establish a transparent national carbon market and hint at integrating voluntary and compliance carbon markets.
August 09, 2022Voluntary carbon market worth $2 billion now
The voluntary carbon market (VCM) now has a real worth of $2 billion, with prices of up to 170 forms of carbon credits on the rise, according to a recent Ecosystem Marketplace (EM) report.