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China's carbon price has surpassed 100 yuan for the first time since the market's launch in mid-2021, as major polluters ramp up purchases ahead of the implementation of stricter standards.

Indonesia Ministry of Environment and Forestry has announced its intention to soon implement the Technical Approval for Emission Limits (PTBAE) set by the Minister of Energy and Mineral Resources (ESDM) and strongly believed that this regulation can enhan

Analysts have cut price forecasts for European Union carbon permits for 2024 to 2026, predicting that weak demand from power plants and sluggish industrial demand will impact the market.

On Friday, Germany approved the plan to raise the price on carbon dioxide emissions by more than agreed on previously on Dec. 15. The country currently has a levy on CO2 emissions from fuel of 30 euros per ton of CO2.

COP28 has officially concluded. While the global carbon price is not set to be standardized, the concept of "carbon pricing" has begun to ferment. Governments and large corporations alike have established carbon pricing mechanisms.

The IMF is keen to see the price of carbon increase to give the "biggest possible incentive for decarbonization.” “That price needs to go up, up, up if we are to speed up decarbonization", said its Managing Director Kristalina Georgieva at COP28.

Indonesia and the UK signed an implementing arrangement to assist the Southeast Asian country in establishing carbon pricing.

Charging firms for emitting carbon dioxide has generated a record high of about $95 billion in revenue, but prices remain too low to meet the targets set by the Paris climate accord, says a World Bank report.

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.

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