Global banks team up to launch carbon offset platform

‘Project Carbon’ aims to support a global marketplace for quality carbon offsets with ‘clear and consistent pricing and standards’ and provide a pathway for clients in their efforts to achieve a net zero goal

EBRD to help Kazakhstan’s power sector achieve carbon neutrality by 2060

They will work together on the development of renewable energy and the carbon market, the enhancement of the electrical grid and the decommissioning of old thermal capacity, among other things

Large-scale voluntary carbon market ‘critical to reaching net zero’

Voluntary carbon markets, a vital part of emissions reduction efforts worldwide, enable buyers to purchase credits that support projects that reduce emissions and contribute to a smaller global emissions footprint overall

The global carbon market ‘will grow rapidly in the next decade’

That’s the forecast from Vaughan Lindsay, CEO of ClimateCare, who told FNZ about the ‘inevitable’ steps that every business will have to take in the near future

Europe’s carbon market crashes amid coronavirus crisis

IHS Markit notes prices have already dropped by up to €9.9 per metric ton of carbon

UK intends to stay in EU’s carbon market until 2020

The government is still working through the details of how this would work during the transition period

EU carbon market reform clears final hurdle

The European Council has formally approved the reform of the emissions trading system (ETS) for the period after 2020. The ETS sets a cap on how much CO2 power stations and the heavy industry can emit, with the total volume of allowed emissions distributed to companies as permits. Under the revised ETS directive, the cap […]

Ontario pledges to support tech to fight climate change

A Canadian province has pledged to support the development of low carbon technologies to reduce greenhouse gas emissions and fight climate change. It is part of Ontario’s Climate Change Action Plan and is funded by proceeds from the province’s cap on pollution and carbon market. Reza Moridi, Minister of Research, Innovation and Science has launched […]

EU lawmakers rubber-stamp carbon market reform

European lawmakers voted in favour of a deal to reform the region’s carbon market after 2020. The draft law, already informally agreed with EU ministers, would accelerate the yearly reduction in the quota of the Emissions Trading System (ETS) allowances to be auctioned. It would also allow the Market Stability Reserve capacity to be doubled […]

China to launch world’s largest emissions trading system

China has detailed plans for what is believed will be the world’s largest emissions trading system. It would cover more than 1,700 power companies and three billion tonnes of greenhouse gas emissions. Li Gao, Director, Climate Department at China’s National Development and Reform Commission (NDRC) said trading will begin after a period of “preparatory work” […]