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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 credits EU ETS Energy transition
EU plans early auction of carbon credits to support emissions reductions

The European Union (EU) is set to auction its carbon credits earlier than planned this year, beginning in July. This decision aims to raise additional funds to help member states reduce emissions and shift away from reliance on Russian gas, according to the European Commission (EC). The EU Emissions Trading System (EU ETS) is the world's largest carbon market, covering nearly 40% of total EU emissions. The bloc seeks to generate €20 billion ($21.62 billion) in grants from its carbon market, with €8 billion coming from the early sale of EU...

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Carbon offsetting Net zero Governments Energy transition
The call for increased financing in hard-to-abate industries

A new report released by Masdar (the host of the Abu Dhabi Sustainable Week) has called for increased financing to support decarbonisation efforts in hard-to-abate industries. These industries include cement, steel, aluminium, petrochemicals,...

Carbon emissions Renewable energy Energy transition
Renewable energy to be the main source of electricity generation by 2025

According to the Electricity Market Report 2023 of the International Energy Agency, nuclear power coupled with clean energy sources, like wind and solar, will supply 90% of the additional electricity demand between now and 2025. With the increase of...

Carbon tax Carbon emissions Energy transition
Nigeria to introduce carbon tax

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....

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