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Analysts have trimmed average price forecasts for EU carbon permits on expectations of lower demand from the power sector as renewable generation increases.

It is now impossible to ask China to set the same carbon price as the EU, as the two sides' carbon prices were set under different development conditions and emission goals, said a Chinese climate official, who also criticized EU's new carbon tariff as "u

Despite forecasting near-term declines in carbon prices amid political and macroeconomic uncertainty, market participants are optimistic that reforms will push compliance market prices higher in the coming years and the voluntary carbon market will grow t

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.

Taiwan's government plans to start collecting carbon fees from enterprises that generate greenhouse gas emissions starting in the second half of 2024, according to Environmental Protection Administration (EPA) head Chang Tzi-chin (張子敬).

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.

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

Analysts have revised up their average price forecasts for EU carbon permits for the next three years in anticipation of improving economies in Europe as energy prices fall from record highs.

The European Parliament’s environment committee may vote on key reforms of the EU ETS in February, with a parliamentary vote due in March, MEP Pieter Liese said on Thursday.