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CARBON OFFSETS AND CREDITS
REC arm makes move for carbon market playREC's consulting arm is set to enter the carbon markets. It will operate as an accredited carbon verification agency. Expressions of intere...- Amazon signs $30 million deal to buy carbon credits from Indian rice farmersAmazon has signed a $30 million (around ₹280 crore) agreement with the Good Rice Alliance, backed by Bayer, Temasek’s GenZero and Shell, to...
- Basel III fragments as US, Europe and India take diverging paths on bank capital rulesFifteen years after its finalization, the Basel 3 accord's goal of uniform global banking rules has fragmented. National regulators are now...
- ₹10, ₹20 cola bottles heating up soft drinks fight this summerSoft drink competition is intensifying as new entrants gain market share, prompting established players to boost marketing and distribution...
- CAFE-III to kick in from April 2027; Govt unlikely to extend implementation date: OfficialNew fuel efficiency rules for car makers will take effect from April 1 next year. The government is not planning to extend the deadline for...
- Fuel prices aren’t airlines’ only headacheGlobal aviation industry is grappling with geopolitical tensions, rising fuel costs and uncertainty over the Carbon Offsetting and Reductio...
- Google deal for Amazon reforestation makes Brazilian startup its top carbon credit supplierGoogle is investing in Amazon rainforest restoration through a major deal with Brazilian startup Mombak. This initiative aims to offset car...
- Mission carbon market: RE, green hydrogen among eight segments receive clearanceThe government has approved detailed procedures for an offset mechanism across various segments like renewable energy and green hydrogen pr...
- Can a COP29 deal clean up scandal-ridden carbon offsets?Countries are working towards a deal at the COP29 climate talks to establish a U.N.-backed carbon market. The aim is to drive investment in...
- Google buys carbon removal credits from Brazil startup, joining MicrosoftThe Brazilian startup and Google did not reveal terms of the deal. In 2023, when it sold credits to McLaren Racing, Mombak priced them at a...
- Companies’ addiction to junk carbon offsets is killing the planetA Kyoto University study found that large corporations, such as Shell and Chevron, mostly purchased low-quality carbon offsets that fail to...
- Wall Street tumbles to sharply lower close as abrupt sell-off snaps rallyU.S. stocks closed lower on Wednesday after an abrupt mid-afternoon nosedive ended Wall Street's impressive rally, which had been driven by...
- At COP28, India needs to flag misconception that exports, imports add to global carbon emissions: GTRIOn CBAM or carbon tax, a kind of additional import duty, the report said that India must underscore how the CBAM potentially undermines the...
- Nations must go further than current Paris pledges or face global warmingThe latest Emissions Gap Report from the UN Environment Programme (UNEP) reveals that current pledges under the Paris Agreement are insuffi...
- Global carbon credits market expected to touch USD 250 billion-mark by 2030, says expertThe market for carbon credits took a hit due to multiple reasons, including Russia-Ukraine war, interest rate hikes, and reduced demand lea...
- 94 percent of Rainforest Carbon offsets do no ‘Good’ for the environment, say reportsA new report suggests that the rainforest carbon commitments undertaken by big corporations are waste. The analysis hints towards a defecti...
- COP27: Talks on carbon market rules off to slow startCarbon offsets allow countries or companies to pay others to cut greenhouse gas emissions to offset their own. While companies are already ...
- Voluntary carbon market: Indian project developers in a sweet spotThis trend in the global carbon market follows a clearly noticeable acceleration in climate commitment following the Paris Agreement, reach...
- View: Voluntary carbons market represents a critical solution to India's climate ambitionsOne carbon credit is a certification for 1 tonne of Co2 that has been offset from the environment. The planting of 50 mango trees may offse...
- Clean crude? Oil firms use offsets to claim green barrelsCarbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or...
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