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Articles for tag: "Credits", add, carbon, Climate, document, plans, presents, target

June 28, 2025

News Desk

The EU plans to add carbon credits to a new climate target, presents a document

Wind turbines rotate in front of the Atlantic Ocean near Zahara de Los Atunes, Spain 27 May 2025. – Reuters The European Commission is expected to propose the counting of carbon appropriations purchased by other countries to the climate target of the European Union, a Commission document observed by Reuters showed. The Commission is going to propose a legally binding objective of the EU climate for 2040 on July 2. EU executive power had initially planned a net 90%reduction in the 1990 levels, but in recent months it has tried to make this target more flexible, responding to push by

June 19, 2025

News Desk

Senate Committee rejects carbon tax on oil products

Senator Saleem Mandviwalla is chairing a permanent committee meeting for finance and revenue. – Senate of Pakistan/x Govt proposes RS2.5 per liter of fuel tax on FY26 budget. Sherry Rehman says that carbon load for the common man. He adds that the contribution should be imposed on industries. The Senate Finance Committee rejected on Thursday two basic budget requirements for the financial year 2025-26 – the imposition of carbon levy on oil products and a tax on small cars. Initially, the proposal was revealed by Finance Minister Muhammad Aurangzeb during his speech on June 10, 2025. According to the proposed

June 13, 2025

News Desk

Over $ 100B required for the neutral carbon sector

Listen to the article Lahore: Pakistan goes away from fossil fuels at a faster rate than many regional economies, with plans to create 60% of its energy from renewable sources by 2030 to achieve the goals of reducing emissions. According to global data compiled by the Institute of Energy, the share of fossil fuels in total Pakistani energy consumption decreased by 4.8 percentage points from 86.7% in 2019 to 81.9% in 2023. In addition, recent data released by the National Electricity Regulatory Authority (NEPRA) reveal that sources of clean energy, such as hydroelectric power, nuclear and other renewable energy, contributed

June 10, 2025

News Desk

The carbon levy on fuel proposed to finance green initiatives

A fuel worker holds a gasoline on a petrol pump. – Reuters/file A new carbon levy of Rs2.5 for FY26 and RS5 for FY27 is recommended. The contribution will fund climate action programs and green energy. Levy is imposed according to the IMF Diktat for climate resistance. Pakistan is expected to introduce a new carbon levy to gasoline, high -speed diesel and furnace oil, a move aimed at limiting excessive consumption of mineral fuel and creating critical capital for mitigating climate change and green energy programs. The proposed levy, which will initially remain in RS2.5 per liter, is expected to

March 23, 2025

News Desk

Managing Directors to remove carbon price system

Listen to the article CALLGARI: The future of the six -year Canadian carbon system is on unstable ground after 14 Petroleum and Gas Managers and the leader of the political opposition this week called for it to be abolished. The abolition of the system, which aims to reduce pollution, giving heavy industry a financial incentive to reduce carbon emissions, however, doubts the sustainability of high profile Pathways Alliance Carbon Compure Project. Canada faces the changing priorities, as US President Donald Trump’s invoices are promoting calls to find new energy markets. The changing political tides have excited some in Canada who

February 27, 2025

News Desk

Natural gas faces the competition from coal in Asia’s electricity industry

Listen to the article Gas producers, exporters and commercial companies are banking in Asia – the largest and fastest growing energy market in the world – to lead to increased gas demand in the coming decades. But while the total gas consumption in Asia will certainly extend to today’s levels, gas traders may need to mitigate their optimism in the light of increasing carbon capacity throughout the area. Asia’s largest economies have three times more carbon burning capacity under the construction of gas burning capacity, according to Global Energy Monitor (GEM) and are already based on carbon for about 45%

February 6, 2025

News Desk

Call the policy for rapid carbon routes

Listen to the article Lahore: Manufacturers and clothing exporters said that Pakistan’s first national coal market policy, launched last November, proves the country’s commitment to reduce emissions, but is lagging behind regional counterparts in ambition, sectoral coverage and worldwide coverage its effectiveness in attracting climate funding and investment. In a statement, Pakistan’s regional president ready for manufacturers and the president of the Export Association (PRGMEA), Dr Ayyaz Uddin, observed that the new policy marked an important step in integrating carbon transaction into the broader climate strategy. Policy suggested that the government could encourage investment in the arrest and storage of

November 9, 2024

News Desk

What is Article 6 Carbon Credit?

A participant stands next to a table at the venue of the United Nations climate change conference, known as COP29, during a media tour ahead of the summit starting in Baku, Azerbaijan, on November 8, 2024. BAKU: Countries at the COP29 UN climate summit in Azerbaijan will try to agree rules for a global carbon offset trading system. Here’s what you need to know: What are carbon offsets? Some governments and companies may be struggling to reduce global warming greenhouse gas emissions to meet their climate goals. Proponents of carbon offsets see them as a key means of achieving these

June 6, 2024

News Desk

China is devising updated carbon measurement standards to boost its climate initiatives

BEIJING: China announced plans on Wednesday to better measure the carbon content of its products – a key step in meeting its own climate goals and meeting stricter carbon standards abroad. The new “carbon footprint management system” outlined by the Ministry of Ecology and Environment will take effect in 2027, setting standards for measuring carbon emissions for about 100 key products across the Chinese economy, according to a policy document. Initially, China’s calculation standards will apply to high-emitting products such as coal and natural gas as well as exports such as steel, aluminum, lithium batteries and electric vehicles. The ministry

May 2, 2024

News Desk

Cooperation can reduce the carbon footprint of trade in the CAREC region: ADB

Closer cross-border cooperation and reform of trade policies in Central Asia and its neighbors can reduce the carbon footprint of trade and value chains—a growing source of emissions in one of the world’s most energy-intensive regions for manufacturing, Asian Bank officials say Development (ADB) said at the bank’s 57th annual meeting. “Harmonizing policies and standards through the ADB-supported Central Asia Regional Economic Cooperation (CAREC) Program can help increase trade, making supply chains less carbon-intensive and more resilient,” said the Director-General of ADB for Central and West Asia, Yevgeniy Zhukov. statement. While trade has significantly boosted economic growth and development, it

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