Latest news
EU carbon border tax will do little to cut emissions
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big reductions in greenhouse gas emissions, the Asian Development Bank (ADB) said in a report published on Monday.
read more... 26/02/2024
Daily (20.02.2024): Carbon prices plummeted on Monday, following an aggressive selling
Oil prices were mixed on Monday. Brent crude edged 0.1% higher at $83.56, amid ongoing geopolitical tensions that continue to impact the market. Meanwhile, WTI Crude declined by about 1% to $78.47, amid signs of weaker demand.
read more... 20/02/2024
EU reaches deal on world’s first carbon removal certification scheme
European Union legislators reached a political agreement in the early hours of Tuesday (20 February) on a proposal to set up the world’s first registry for certified carbon dioxide removals obtained from eco-farming practices and industrial processes.
read more... 20/02/2024
Germany to earmark 4 bln euros for industry decarbonisation subsidies
The German government will earmark some 4 billion euros ($4.31 billion) for subsidies to support energy-intensive firms switching to green production, a government source told Reuters on Friday.
read more... 19/02/2024
Daily (16.02.2024): European carbon prices surged by over 2% on Thursday amid short covering and rising gas prices
Oil prices surged on Thursday due to escalating tensions in the Middle East, overshadowing ongoing concerns about oversupply and weak demand. Consequently, Brent crude increased by 1.5% to settle at $82.86 a barrel, while WTI crude climbed by about 2% to stand at $78.03 a barrel.
read more... 16/02/2024