Carbon Credit Systems Need a Digital Overhaul to Ensure Quality: Invest India CEO
The quality recently came under the spotlight when carbon credit verifiers were criticized for approving poor-quality offsets.
Carbon Pricing Generates Record $104B Revenues in 2023, Says World Bank
There’s been a positive rise in carbon pricing adoption, particularly among middle-income nations like Brazil, India, and Turkey.
Malaysia to Hold First Auction of Domestic Carbon Credits in July
The credits will come from the Kuamut Rainforest Conservation Project, a Sabah-based initiative protecting and restoring over 83,000 hectares of tropical rainforest.
Masdar, EGA form Alliance for Low-Carbon Aluminium
Masdar, Abu Dhabi’s Flagship Clean Energy Company, and Emirates Global Aluminium (EGA), the Largest ‘Premium Aluminium’ Producer in the World Forms Aluminium Decarbonization Alliance.
UK-India Free Trade Deal Stalled Over Carbon Tax: Report
India has proposed a variety of options, ranging from a longer transition period to a complete exemption, arguing for special consideration as a developing nation.
Microsoft Inks Deal for Biochar Carbon Removal Credits
Microsoft signed a 6-year agreement with The Next 150, a climate solutions provider, to purchase 95,000 tons of carbon removal credits.
Indian Steelmakers to Meet Global Emission Standards by 2030; Says Crisil
Lowering emissions will enhance their environmental credentials and also open doors to new funding avenues.
Will Europe Launch Carbon Tax on LNG Imports?
The EU launched its carbon border adjustment mechanism (CBAM) in October 2023, initially targeting specific industries like steel and aluminum. While LNG isn’t included for now, the bloc has extended its Emissions Trading Scheme (ETS) to shipping.
Abu Dhabi’s Landmark Sustainability Project: The Net-Zero Energy Mosque
Pioneering Sustainable Mosques Around the Globe: Embracing Net-Zero and Super Low Energy Standards
South Korea’s Top Polluters Profited Millions Through Carbon Sales
South Korea’s major polluting entities have amassed 475 billion won ($357 million) by trading unused carbon emissions permits within the nation’s program over the initial eight years.