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The European Parliament on Wednesday endorsed the long-anticipated carbon market reforms, easing worries that Europe’s climate actions might be delayed after legislators rejected the proposals in a first vote earlier this month.

The International Air Transport Association (IATA) unveiled on Sunday the ‘IATA CO2 Connect’, an online service that provides airlines, travel agents, corporate organizations, and passengers with accurate carbon emission calculations.

Spanish fast fashion brand Zara last week released a series of limited clothing collection and drew public attention with one pink dress sourcing in part from collected carbon emissions. The launch marks one of the company’s steps toward a more sustainabl

Chanel has spent US$25 million in carbon credit offsets, which have cut or eliminated 6.9 million metric tonnes of carbon emissions every year, according to the French luxury brand’s Mission 1.5 climate report.

To mitigate climate crisis, countries around the world should team up to reduce methane emissions and stabilize global energy market in the aftermath of Russia’s invasion of Ukraine, US President Joe Biden said on Friday on a meeting of more than 20 of th

Australia’s new Labor government upped its 2030 carbon-cutting target on Thursday, bringing the country closer in line with other developed economies’ climate pledge.

The New Zealand Government held on Wednesday its second carbon allowance auction for the year, auctioning 4.825 million tonnes of carbon credits on the NZX-EEX platform. Due to the strong demand, the prices went up to 76 New Zealand dollars per tonne, up

After the European Parliament voted down the key parts of carbon market reform, France, the holder of the EU rotating presidency, plans to ask the bloc to enhance a mechanism to prevent excessive carbon price spikes as part of the most comprehensive refor

Green hydrogen, generated by renewable energy or from low-carbon power, is critical for reducing emissions, but it will only account for 5% of the global final energy mix by 2050, falling short of what is required to reach climate targets, global energy c

Members of the European Parliament (EP) last week rejected proposals to include marine and road transport in the EU Emissions Trading Scheme (ETS). On the other hand, a proposal to expand its carbon market to all departing flights was approved.

US retail giant Walmart announced last week that it is testing three types of renewable energy to power its fleet, aiming to save energy and lower emissions.

Canada unveiled on Wednesday its first federal carbon market, enabling governments, businesses and other organizations to offset their carbon dioxide emissions by purchasing credits.