A new report indicates potential for carbon credit prices to reach $238 per tonne by 2050 if trust is restored, but warns of possible extinction due to oversupply and buyer skepticism

The UK’s declining and volatile carbon prices have raised concerns about their impact on clean energy investment, lost Treasury revenue and potential carbon taxes

Three major UK manufacturers have reportedly received significant surplus carbon emission allowances for factories that were idled or downsizing

The carbon market is allowing firms to warp their actual environmental impact, the CCC has found

That’s the suggestion from Vaughan Lindsay, CEO of ClimateCare who spoke to future Net Zero Founder Sumit Bose about the accelerating growth of the carbon market

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

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 […]

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 […]

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 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” […]