News
News
April 07, 2023
Large corporations fund their own carbon credit projects
A number of big companies decided to create in-house carbon credits despite criticisms against offsets.
March 27, 2023
New Zealand's carbon allowance unit prices plunge to 18-month low
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.
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 10, 2023
Chubb review recommends changes to Australian carbon credits scheme
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.
January 04, 2023
Germany earns record 13 billion euros from carbon pricing
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.
December 20, 2022
EU strikes deal on major carbon market reform
EU member states and parliamentarians on Sunday reached a political deal to reform the bloc's carbon market, the key policy of its ambitions to cut emissions and invest in climate-friendly technologies.
December 06, 2022
Qatar World Cup criticized for its gigantic carbon footprint
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.
November 24, 2022
Integrity issues of Australia’s carbon credits system undermine transparency, new report finds
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.
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.
October 21, 2022
Washington state will earn more revenue from carbon auctions than predicted
Washington state’s estimated revenue from a new carbon credit system for the first five years has increased by $1.6bn, because of rising credit values and plans to auction a portion of future allowances.