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Germany calls for a 60-euro minimum carbon price in Europe
News

Germany calls for a 60-euro minimum carbon price in Europe

As Brussels continues talks on an amendment to the EU’s Emission Trading Scheme (ETS) directive, Germany is pushing for a minimum price of 60 euros per tonne of carbon dioxide, claiming that if the EU does not act, it will do so through national measures,
May 17, 2022
US lawmakers mull import fee for carbon-intensive products
News

US lawmakers mull import fee for carbon-intensive products

The two parties of the US Congress are currently discussing a potential bipartisan energy and climate bill, including the possibility of imposing a levy on carbon-intensive products entering the country, according to local media.
May 16, 2022
EU lawmakers back market restrictions to curb speculation
News

EU lawmakers back market restrictions to curb speculation

Senior members of the European Parliament’s environment committee have reached initial agreement on a plan to restrict market speculators’ access to the European carbon market, as well as to tighten the carbon market by pushing for a 67% cut in emissions
May 13, 2022
Atmospheric carbon levels hit all-time high in human history
News

Atmospheric carbon levels hit all-time high in human history

Levels of carbon dioxide in the atmosphere reach the highest on record for any calendar month during April, according to the Scripps Institution of Oceanography’s data.
May 11, 2022
Visa teams up with banks to facilitate carbon credit transaction
News

Visa teams up with banks to facilitate carbon credit transaction

The global payments technology company Visa, together with Carbonplace, a carbon credit settlement platform, has developed a carbon credit system and has conducted a successful pilot transfer.
May 11, 2022
European carbon prices plummet 5% after challenging recent high
News

European carbon prices plummet 5% after challenging recent high

The global recession fears have spread to the European carbon market and led to a 5% decline in prices although there are no new dangers of an escalation in the Ukraine war or the impasse between the European Union and Russia over its fossil fuels.
May 10, 2022
Singapore carbon exchange to launch carbon offset futures trading
News

Singapore carbon exchange to launch carbon offset futures trading

To meet the growing demand from businesses to hedge their risks from greenhouse gas emissions, AirCarbon, a Singaporean carbon exchange, is collaborating with Germany’s main bourse, Deutsche Boerse AG, to create futures trading for carbon offsets as early
May 09, 2022
China’s farmers can now earn money with ‘carbon tickets’
News

China’s farmers can now earn money with ‘carbon tickets’

China launched the country’s first carbon emission trading platform for agriculture sector on May 5 as part of the government’s efforts to hit carbon emission peak before 2030 and achieve carbon neutrality by 2060.
May 09, 2022
EU drafts sustainability disclosure standards for businesses
News

EU drafts sustainability disclosure standards for businesses

Under the new European Union reporting standards, companies would be required to set a significantly broader range of sustainability targets, Carbon Disclosure Project, a non-profit environmental organization, said on Tuesday.
May 06, 2022
Japan submits to IMO ‘most ambitious’ carbon tax plan
News

Japan submits to IMO ‘most ambitious’ carbon tax plan

The Japanese government has submitted a proposal to the International Maritime Organization (IMO) to impose a hefty carbon tax, adding to a growing list of possibilities for the regulator’s Marine Environment Protection Committee (MEPC) to consider at its
May 05, 2022
Israeli startup develops cost-effective way to capture carbon with balloon
News

Israeli startup develops cost-effective way to capture carbon with balloon

High Hopes Lab, an Israeli startup, has joined the fight against climate crisis by developing carbon-capture balloons that it said will become the world’s first affordable, scalable technique of capturing carbon dioxide from the atmosphere.
May 05, 2022
India’s central bank urges cement sector to cut emissions
News

India’s central bank urges cement sector to cut emissions

In a recent report, the Reserve Bank of India (RBI) pushed for technological intervention to address carbon emissions from the cement industry to help India meet its net-zero emission targets.
May 04, 2022
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