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The result of "carbon tax" is as follows:

Australian carbon prices may need years to recover amid ‘mountain of supply’: analyst
News

Australian carbon prices may need years to recover amid ‘mountain of supply’: analyst

Australian Carbon Credit Units (ACCUs) have seen a significant drop in value after the government announced new changes to the carbon credit scheme earlier this month. Analysts predict that the plunge might last for years.
March 25, 2022
IATA launches industry standard to measure per passenger carbon emissions
News

IATA launches industry standard to measure per passenger carbon emissions

The International Air Transport Association (IATA) has announced on Tuesday the launch of the IATA Recommended Practice Per-Passenger CO2 Calculation Methodology, which aims at calculating the amount of carbon emissions produced by a passenger on a specif
March 24, 2022
Singapore and Indonesia to collaborate on regional carbon trading hub
News

Singapore and Indonesia to collaborate on regional carbon trading hub

Singapore's National Climate Change Secretariat (NCCS) stated on March 21 that the country has signed a Memorandum of Understanding (MoU) with Indonesia on cooperation in carbon pricing, climate change, and sustainability.
March 23, 2022
SEC’s draft carbon disclosure rules for companies with Scope 3 in dispute
News

SEC’s draft carbon disclosure rules for companies with Scope 3 in dispute

The Securities and Exchange Commission (SEC) of the United States has released on Monday its long-awaited draft rule. If the rules are approved by the regulators, companies would be required to disclose their direct and indirect greenhouse gas emissions,
March 22, 2022
Voluntary carbon market expected to grow 100 times as firms vowing net zero
News

Voluntary carbon market expected to grow 100 times as firms vowing net zero

The carbon credit market, which consists of the voluntary and regulatory markets, has the potential to boom as the world approaches its 2050 goal of net zero carbon emissions. “The demand for voluntary carbon credits is estimated to grow 15 times by 2030,
March 21, 2022
Kingspan introduces first internal carbon fee towards net zero manufacturing goal
News

Kingspan introduces first internal carbon fee towards net zero manufacturing goal

Kingspan, an Ireland-based building materials company, recently published its annual sustainability report, according to which the company will implement its first internal carbon fee next year, at a price of 70 euros per tonne of carbon dioxide equivalen
March 18, 2022
Google-backed carbon footprint tracker may be game-changer for small businesses
News

Google-backed carbon footprint tracker may be game-changer for small businesses

As businesses around the world struggle to figure out how to manage their environmental footprints, Normative, a Swedish start-up backed by Google, has released a free version of its carbon emissions tracker.
March 18, 2022
Hemp rebar could be eco-friendly alternative to easily corroded steel
News

Hemp rebar could be eco-friendly alternative to easily corroded steel

Researchers at Rensselaer Polytechnic Institute (RPI) in the United States have developed a hemp-based alternative to steel rebar. Researchers believe that the new option can avoid corrosion while reducing carbon emissions from construction, according to
March 17, 2022
US carbon markets remain robust while EU allowances prices fluctuate
News

US carbon markets remain robust while EU allowances prices fluctuate

European Union carbon allowances prices fluctuated during the last three weeks due to rising energy prices and political instability. U.S. carbon credits markets, on the other hand, have not yet been affected by the turbulence.
March 16, 2022
EGA teams up with three partners to decarbonize aluminum production
News

EGA teams up with three partners to decarbonize aluminum production

Emirates Global Aluminium (EGA) is partnering with the Abu Dhabi National Energy Company (Taqa), the Emirates Water and Electricity Company (Ewec), and Dubal Holding to expand solar generation capacity in the UAE and decarbonize aluminum production.
March 16, 2022
Microsoft’s internal carbon fee to raise 567% as Scope 3 emissions jump in 2021
News

Microsoft’s internal carbon fee to raise 567% as Scope 3 emissions jump in 2021

Microsoft released on Thursday the update of its sustainability commitment, pledging to become carbon negative, zero waste, water positive by 2030. It also raised inter-company penalties for business travel by 567%.
March 15, 2022
Mumbai becomes first South Asian city to set net-zero roadmap
News

Mumbai becomes first South Asian city to set net-zero roadmap

Mumbai, India's financial hub, has unveiled its first ever Climate Action Plan as part of India’s pledge to achieve carbon neutrality by 2070. Under the plan, the city aims to reach net zero carbon emissions by 2050, becoming the first Southeast Asian cit
March 14, 2022
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