Carbon credits face make-or-break moment

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

OVO vows to slash carbon offsetting and achieve net zero by 2035

The energy supplier has committed to limit its reliance on carbon offsetting to just 10% of its emissions

UK carbon price decline raises concerns

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

Gateshead’s green summer success

The integration of solar parks and a minewater heat pump system has allowed the city to reduce its reliance on gas

CCC: UK Government’s net zero U-turn to hit wallets hard

The government’s own climate advisers have issued a stark warning that the policy rollback is likely to lead to a significant increase in energy bills for the public

UK carbon prices: Government makes pollution easier for businesses?

The government’s recent changes to the Emissions Trading Scheme have been met with criticism from analysts

France’s €13.5bn scheme to compensate energy-intensive firms granted EU approval

The scheme will cover part of the higher electricity prices arising from the impact of carbon prices on electricity generation costs incurred between 2021 and 2030

EU approves €1.5bn Romanian scheme to compensate energy-intensive firms

It will cover part of the higher electricity prices arising from the impact of carbon prices on power generation costs, i.e. indirect emission costs, incurred between 2021 and 2030

Government urged to put a carbon price on all goods and services

The Chancellor has been told to introduce a universal carbon allowance for every individual in the UK

Green light for Spain’s €2.9bn scheme to compensate companies for indirect emission costs

It will cover part of energy-intensive firms’ higher electricity prices arising from the impact of carbon prices on power generation costs between 2021 and 2030