News

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).

China’s national emissions trading scheme (ETS), the world’s largest carbon market covering a seventh of emissions globally, hit 10 billion yuan (US$1.4 billion) in total transactions on Thursday.

The EU Parliament, Council and European Commission have reached an informal agreement on a more responsive price control mechanism under the EU Emissions Trading System (EU ETS), according to a key European Parliament member.

According to a new report from Carbon Tracker, ‘Put a Price on It,’ Japan must replace the current carbon price of $2.6/tonCO2 with a minimum price of at least $30/tonCO2 to prevent gas to coal switching and accelerate energy transition.

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.

EU carbon prices in the EU’s emissions trading system rose to an all-time high above 99 euros a tonne on Aug. 19, due to a cut to auction supply in August and a significant increase in demand.

In the hopes of cutting the net carbon emissions of its portfolio, Temasek, Singapore’s state investment company, will lift its internal carbon price from US$42 to US$50 per tonne of carbon dioxide this year, with plans to further raise it to US$100 by th