Sustainability and carbon market news

Two developments this week point to a carbon border landscape that is gaining both regulatory depth and global reach. In Brussels, a draft regulation proposes recognising Article 6 carbon credits under the EU's Carbon Border Adjustment Mechanism...

The Council of the European Union has formally approved an amendment to the EU environmental law, setting a legally binding target to reduce net greenhouse gas (GHG) emissions by 90% by 2040 against 1990 levels. The decision marks the final...

The Belgrade Stock Exchange is developing a carbon trading system designed to support domestic companies navigating increasingly stringent European emissions requirements. According to Chief Executive Lazo Ostojić, the initiative mirrors the...

EU carbon prices could surge to as much as €130 per tonne by 2028, setting the stage for a significant expansion in carbon capture, utilisation, and storage (CCUS) across heavy industry, according to the latest Carbonomics report from Goldman Sachs....

European Union leaders have agreed that international carbon credits should play a role in the bloc’s upcoming 2040 environmental target, marking a pivotal moment for future demand in the carbon market. However, the final target level remains...

The European Union could substantially increase resources for environmental initiatives by reforming how it prices aviation under the EU Emissions Trading System (EU ETS), according to new research commissioned by Carbon Market Watch and conducted...

The European Commission has formally proposed a binding environmental target for 2040: a 90% net reduction in greenhouse gas emissions compared to 1990 levels. The move is a key milestone in the EU’s broader strategy to achieve carbon neutrality by...

Carbon prices in the EU Emissions Trading System (EU ETS) saw a 7% rise in May, bolstered by heightened gas market volatility, renewed discussions on EU-UK ETS integration, and the launch of futures for the upcoming ETS2 market. Low-angle wide shot...

Credit Agricole, France's second-largest bank with a significant global footprint, is making a strategic shift in its trading operations. The bank will gradually phase out its precious metals trading, particularly gold, to prioritise activities in...

In August, the World Carbon Fund (WCF) bounced back into positive territory, reporting a net return of +3.63%, a significant improvement compared to July's -1.66% loss. This marks a recovery for the fund, which tracks five key carbon markets, four...

The European Union's cap-and-trade system, known as the EU Emissions Trading System (EU ETS), has played a pivotal role in reducing carbon dioxide (CO2) emissions across the bloc, according to a recent study. Launched in 2005, the EU ETS is the...

The European Parliament passed a new law on 19 April 2023 to fight deforestation and forest degradation. We mentioned this new law while it was in the works, but after its adoption, a few significant additions broadened the scope of the regulation....

On 18 April, the European Parliament voted to approve a sweeping reform of European Union (EU) climate policies. It includes upgrading the bloc's carbon market, which is expected to increase the cost of polluting in Europe, as well as a tax on...

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,...

The global carbon market has grown significantly in recent years, with the value of traded carbon permits hitting a record high of $909 billion in 2021. Despite a 20% decrease in the volume of permits traded, the market value rose by 14% due to...