The European Union (EU) is considering a new plan to help meet its 2040 climate goal. According to sources, the European Commission may allow countries to use international carbon credits under Article 6 of the Paris Agreement. This would be a big change from the EU’s current rule, which says climate targets must be met […]
China’s Ministry of Finance (MoF) issued its first sovereign green bond, denominated in Chinese currency to the value of USD824m, on the London Stock Exchange. This is China’s first green sovereign bond and also its first sovereign bond issued overseas. The move shows China’s rising role in global green finance. This plan started taking shape […]
Just two weeks ago, copper prices were climbing fast due to the US stockpiling ahead of new tariffs. Traders warned that new US tariffs on copper could squeeze global supply. But things turned around quickly. But now, the copper rally has reversed into a full-blown crash. This is a direct outcome of President Donald Trump’s […]
Forests play a massive role in fighting climate change. They capture atmospheric carbon, helping offset greenhouse gas (GHG) emissions. However, with nearly 50% of global GHG emissions released in just the past 40 years, forest-based climate solutions need rapid scaling. Let’s understand the current scenario of the forest carbon credit market here. The Need for […]
On April 2, 2025, President Donald Trump announced a series of tariffs, referring to the day as “Liberation Day.” These tariffs include a universal 10% levy on all imported goods and higher rates for specific countries, such as an additional 34% on Chinese imports, which now totals 54%, and 20% on those from the European […]
Duke Energy is one of the largest energy companies in the U.S to hit a major milestone last month. The U.S. Nuclear Regulatory Commission approved a 20-year license renewal for its Oconee Nuclear Station. This means the plant’s three reactors can keep running safely and supplying clean, reliable electricity through the 2050s. Most significantly, it supports […]
The U.S. Department of Agriculture (USDA) is investing $537 million in 543 biofuel projects across 29 states, as USDA Secretary Brooke Rollins announced. This funding comes from the Higher Blends Infrastructure Incentive Program (HBIIP). The investment includes projects approved in the first 100 days of the Trump Administration. It also supports President Trump’s 20th Executive […]
The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. […]
Carbon Direct and Microsoft have announced a collaboration to develop a new standard for marine carbon dioxide removal (mCDR). This standard aims to ensure that ocean-based carbon removal methods are high-quality, scientifically sound, and effective in reducing carbon dioxide from the atmosphere. With the urgency of climate change growing, setting these standards is key. They […]