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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.

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.

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.

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

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.”

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.

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.

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.

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.

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

As more mills switch to less-polluting electric arc furnaces (EAF), carbon dioxide emissions from the world’s steel sector are expected to drop 30% by 2050 compared to last year, according to a study released on Tuesday by consultancy Wood Mackenzie.

With two major carbon credit exporters in the Asia-Pacific—Indonesia and Papua New Guinea—declaring to cut back on generation, the fast-growing market is now facing challenges.