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News
May 07, 2024
Only 13% of carbon credit buyers have SBTi-approved net zero targets: MSCI
Most companies purchasing carbon credits have not been made net-zero pledges approved by SBTi. According to MSCI Carbon Markets, over the past decade, only 13% of companies using carbon credits have set long-term carbon reduction targets. The report furth
April 19, 2024
SBTi rule relaxation signals turning point for carbon credit market: TCX
The new statement from the SBTi indicates that carbon credits have now reached a turning point, with demand expected to significantly increase, according to Tian Jian-zhong (田建中), general manager of Taiwan Carbon Solution Exchange (TCX).
May 24, 2023
Vietnam to launch carbon trade exchange in 2028
Vietnam plans to officially run a carbon trade exchange in 2028, according to a draft carbon market project in Vietnam conducted by the Ministry of Natural Resources and Environment.
May 11, 2023
China completes first online trade for 1,000 tons of liquified CO2
China's Daqing Oilfield Co recently completed its first online trade for 1,000 tons of liquefied CO2 by bidding in the domestic market with a premium of 210 yuan ($30.37) per ton added to the original price, China Media Group reported on Monday.
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, 2023
Global 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 02, 2023
Tesla’s revenue from carbon credit sales hit record $1.78 Billion in 2022
Tesla’s carbon credit sales reached a new high in 2022, increasing 47% year over year in the fourth quarter, the company reported.
January 12, 2023
Carbon 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).
December 12, 2022
Bursa Malaysia launches first Shariah-compliant carbon trading platform
Bursa Malaysia launched the country’s first voluntary carbon market (VCM) on December 9, with the first carbon credit auction to take place next March.
November 16, 2022
Australian 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.
