Sustainability and carbon market news

The UK's Department for Science, Innovation and Technology (DSIT) is procuring carbon credits to address the embodied emissions from constructing a new headquarters for the European Centre for Medium-Range Weather Forecasts (ECMWF). The department...

Tokyo's carbon credit programme enters a new phase in the fiscal year 2026 (FY2026), with the Tokyo Metropolitan Government (TMG) opening applications for its Carbon Credit Utilisation Promotion Project. The scheme, first introduced in FY2025,...

TikTok has launched a new partnership with carbon intelligence company Scope3 to help advertisers track and reduce the environmental impact of their campaigns. The collaboration provides a data-driven approach to measuring carbon emissions from ad...

Radisson Hotel Group has announced the debut of its first two Verified Net Zero hotels, setting a new benchmark for sustainable hospitality. Located in Manchester and Oslo, these properties have been verified by TÜV Rheinland to meet the Net Zero...

New Zealand has unveiled its second emissions reduction plan, capping greenhouse gas emissions at 305 million tonnes of CO2 equivalent (tCO2e) for 2026-2030. The government is confident the country remains on track to meet its 2050 net-zero target,...

A recent analysis has revealed that TikTok's annual carbon emissions are likely higher than Greece's total emissions. According to Greenly, a Paris-based carbon accounting consultancy, TikTok emitted approximately 7.6 million metric tonnes of carbon...

The Science Based Targets initiative (SBTi) has introduced a new platform, SBTi Services, designed to meet the surging demand for target validation as more companies commit to environmental goals. The online tool, which includes a validation portal,...

The 2024 Paris Olympics is committed to significantly reducing its carbon footprint, aiming to cut emissions by half compared to previous Games. This ambitious target will be achieved through a combination of carbon offsets and reliance on renewable...

The Isle of Man is stepping up its environmental conservation efforts with the introduction of a groundbreaking carbon credit programme. Managed by the Manx Wildlife Trust, this initiative is the first of its kind on the island and is set at...

Apple has successfully secured an additional $80 million investment for its Restore Fund, a pivotal move that escalates the fund's total investment to $280 million. This fund is instrumental in financing projects focused on eliminating carbon...

The environmental impact of the Super Bowl, a pinnacle event in American sports, extends beyond the game itself, with a significant carbon footprint. Contrary to expectations, this footprint is not predominantly tied to travel or the event's energy...

Global pop icon Taylor Swift has turned to carbon offsets to mitigate the emissions from her private jet. Known for her significant carbon footprint, Swift, who was labelled the most carbon-polluting celebrity in 2022 (followed by Floyd Mayweather...

Petrobras, the state-controlled Brazilian oil giant, has taken a momentous step in its battle against carbon emissions with a landmark acquisition of carbon credits. These credits are equivalent to 175,000 tonnes of greenhouse gas emissions avoided...

In its 2023 Environmental, Social, and Governance (ESG) report, Alibaba announced a significant 13% reduction in net carbon emissions from direct operations. This achievement marks a major step towards its ambitious target of becoming carbon neutral...

An innovative agroforestry project in the United Kingdom at Eves Hill Farm in Booton, near Reepham, Norfolk, has planted thousands of hybrid willow trees in an effort to reduce the farm's carbon footprint. With over 4,000 trees now planted in 6 km...

New data released by climate disclosure organisation CDP shows that only 41% of companies that report to them track value chain emissions, and even fewer are aware of their impact on nature. This percentage is surprisingly low given the wide-ranging...

To create a viable framework for measuring and reporting universities' carbon footprint, a standardised approach towards measuring and reducing greenhouse gas (GHG) emissions is necessary. However, every university has unique factors, making the...

The World Economic Forum (WEF) and consulting firm Accenture have published a white paper analyzing seven countries responsible for half of global greenhouse gas emissions. China, the European Union, Japan, Saudi Arabia, the United Arab Emirates,...