Sustainability and carbon market news
Stay up to date with the latest sustainability news, carbon market insights, and environmental regulation updates shaping the future of business.
From companies' net zero journeys and ESG reporting to evolving frameworks like CSRD and SBTi, explore the trends and regulatory changes driving corporate sustainability worldwide.
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Carbon offsetting
Carbon tax
Governments
South Africa
South Africa has announced an increase in the allowable use of carbon offsets under its tax system, a move expected to stimulate the country’s domestic carbon market. The changes, set to take effect in 2026 as part of the second phase of the carbon tax, were outlined in the national budget released on 12 March. A close-up of a tree nursery worker planting a seedling in rich South African soil, with a vibrant forest in the background. AI generated picture. The updated measures will allow companies to use carbon offsets for a greater portion of...
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Carbon tax
Africa
Carbon pricing
Gabon is set to implement a new carbon levy on 15 February targeting aviation and maritime industries. The levy, priced at $17 per tonne of CO2 equivalent (tCO2e), is expected to cover 3–5 million tCO2e of emissions annually, according to Africa...
Carbon tax
Governments
Investing
Carbon units
Starting September 2024, voluntary carbon credits in the UK will be subject to VAT, according to a new policy announced by HM Revenue & Customs (HMRC). This change will require businesses involved in the creation, sale, or purchase of carbon credits...
Carbon tax
Carbon emissions
Carbon calculator
On 10 February 2023, the Japanese Cabinet confirmed the Basic Plan for the GX: Green Transformation Policy, aimed to help Japan achieve its climate goals. At the end of 2022, before compiling the final edition, the Ministry of Environment, Trade,...
Agriculture
Carbon tax
Carbon emissions
Governments
New Zealand has one of the highest amounts of greenhouse gas (GHG) emissions coming from agriculture, accounting for over half of its emissions. Mainly these originate from methane (CH4) and nitrous oxides (N2O) produced by livestock and animal...
Carbon tax
Carbon emissions
Energy transition
Nigeria's National Council on Climate Change (NCCC) has announced that it will introduce a carbon tax policy and budgetary system for the country. It will be in line with the Energy Transition Plan recently approved by President Muhammadu Buhari....
Carbon offsetting
Middle East
Carbon tax
In August 2021, the Israeli government announced that it will introduce a carbon tax, following in the footsteps of other developed countries. This new tax was announced in a statement approved by the Tax Authority and the Finance, Energy,...
European Union
Carbon tax
Carbon emissions
The European Union wants to become climate neutral. That was a long time coming, but the climate package presented by the European Commission on Wednesday is becoming a lot more concrete. Twelve special laws are in place to ensure that European...
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