Cutting carbon is about ‘checks and balances’

This week’s Net Hero Podcast focusses on the power of blockchain and how it can help us in growing the carbon marketplace

Abu Dhabi to launch ‘world’s first’ carbon credit trading exchange

International financial centre Abu Dhabi Global Market is partnering with AirCarbon Exchange to create the fully-regulated voluntary trading exchange and carbon clearing house

Nasdaq acquires carbon trading platform

Puro.earth has developed an online platform that allows the trading of offsetting credits to help companies slash emissions

EU and China commit to step up co-operation on tackling climate change

They signed an agreement at the 20th Summit between the two regions in Beijing today

China meets 2020 carbon target ahead of schedule

It provides a boost to the Paris climate agreement, which aims to limit global average temperature increase to well below 2°C

Governments pledge co-operation on carbon trading

High level officials from 26 national and subnational governments have pledged to strengthen action on climate change through renewed co-operation on carbon markets. That includes EU Member States, Mexico, Republic of Korea, California and Tokyo. A three-day meeting in Lisbon last week, organised by the International Carbon Action Partnership (ICAP), brought together key policymakers to […]

Carbon trading co-operation could cut climate costs

Global co-operation on carbon trading could reduce the costs of climate change mitigation by 32% by 2030. That’s according to a new report by the World Bank which adds the figure could rise to more than 50% by 2050. It shows increased international carbon trading could enable large-scale emission reductions at much lower costs based on […]

South Korea starts emissions trading system

South Korea opened its new emissions trading system today, with firms able to buy and sell credits on the Korea Exchange (KRX). Said to be the second largest carbon trading scheme in the world, it is meant to cut the country’s greenhouse gas emissions by 30% by 2020 (compared to a business as usual baseline). […]

EU carbon price dips after five month high

The price of allowances for carbon emissions in the EU dipped yesterday after hitting a five month high on Tuesday. Large energy users in Europe including airlines which touch down in the EU must buy credits if they emit more carbon than their set limit. Carbon permits reached €6.50 on Tuesday, leading analysts at price […]

EU 30% energy efficiency target “could weaken carbon price”

Analysts predict the EU’s target to boost energy efficiency could weaken the EU emissions trading system. Yesterday the European Commission set out a framework to cut energy use by 30% by 2030. The Point Carbon team at Thomson Reuters reckons carbon prices could fall as a result. Marcus Ferdinand, Head of EU Carbon Analysis says: […]