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Verra halts tokenization of carbon credits to avoid double counting
News

Verra halts tokenization of carbon credits to avoid double counting

Verra, one of the world’s major carbon offset accreditors, announced on Wednesday that it will prohibit the practice of producing blockchain tokens or instruments based on retired credits.
May 27, 2022
US government may require suppliers to disclose GHG emissions
News

US government may require suppliers to disclose GHG emissions

In an effort to boost decarbonization in the United States, the Biden administration will soon propose a rule requiring major companies that supply goods and services to the federal government to report their greenhouse gas emissions, a White House source
May 26, 2022
Gujarat to launch India’s first carbon trading market
News

Gujarat to launch India’s first carbon trading market

In keeping with India’s decarbonization commitment, the Gujarat government inked a Memorandum of Understanding (MoU) on Monday to establish the country’s first carbon market.
May 26, 2022
Australian carbon prices hike amid optimism about future policy
News

Australian carbon prices hike amid optimism about future policy

The price of Australian Carbon Credit Units (ACCU) skyrocketed on the first trading day following the federal election, boosted by anticipation that the new Labor government led by Anthony Albanese will raise demand for emissions reductions.
May 25, 2022
Brazil sees surging demand for I-RECs as firms vowing net zero
News

Brazil sees surging demand for I-RECs as firms vowing net zero

As more Brazilian companies seek to minimize their carbon footprint, the country has seen a considerable increase in demand for international renewable energy certificates (I-RECs) this year, according to Argus media.
May 25, 2022
IMO moves closer to putting carbon levy on shipping sector
News

IMO moves closer to putting carbon levy on shipping sector

Member states of the International Maritime Organization (IMO) have agreed on the need to impose a carbon price on shipping emissions. The countries reached a consensus at the Intersessional Working Group meeting last week, marking a “significant breakthr
May 24, 2022
Brazil announces carbon credits market but lacks details
News

Brazil announces carbon credits market but lacks details

Brazil President Jair Bolsonaro signed a decree on Monday to establish a national carbon market to cut greenhouse gas emissions, stating that “Brazil emerges as a powerhouse in this still new green economy sector.”
May 24, 2022
Ocean-going tankers to trial ‘plug and play’ CO2 capture technology
News

Ocean-going tankers to trial ‘plug and play’ CO2 capture technology

Singapore-based Eastern Pacific Shipping has teamed up with Dutch maritime technology company Value Maritime to install carbon capture technology on two MR tankers, making them the largest ocean-going vessels equipped with the technology.
May 23, 2022
Sony pushes net zero target ahead by 10 years
News

Sony pushes net zero target ahead by 10 years

Sony announced on Wednesday that it decided to bring forward its deadline for reaching carbon neutrality by a decade, saying it now plans to achieve net-zero emissions across its whole business by 2040.
May 20, 2022
Coconut shell-based supercapacitor can capture carbon during charging
News

Coconut shell-based supercapacitor can capture carbon during charging

Researchers at the University of Cambridge have developed a low-cost gadget which is capable of capturing carbon dioxide gas while charging. When it discharges, the carbon dioxide can be released in a controlled way and be collected to be reused.
May 20, 2022
EU unveils REPowerEU plan to wean itself off Russian gas
News

EU unveils REPowerEU plan to wean itself off Russian gas

The European Commission has presented on Wednesday the REPowerEU plan, which aims to reduce reliance on Russian fossil fuels while hastening the transition to renewable energy.
May 20, 2022
Japan to pilot first carbon trading market in September
News

Japan to pilot first carbon trading market in September

Japan Exchange Group (JPX) is collaborating with Japan’s Ministry of Economy, Trade, and Industry (METI) to set up the country’s first exchange for carbon trading. The scheme is expected to start operating as a technical demonstration project in this Sept
May 19, 2022
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