The European Union’s new Carbon Border Adjustment Mechanism should incentivize more countries to put a price on carbon, but not the U.S. Currently, about 25 percent of carbon released in the atmosphere is covered by some kind of carbon price — often levied in the form of a carbon tax or managed through an emissions trading system....Read More

Companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits on Wednesday as the Kenyan capital hosted what organisers have billed as the world’s largest sale of its kind. Demand for carbon offsets, generated through projects such as tree planting or using cleaner cooking fuel, is expected to grow as companies seek...Read More