Carbon finance

Endowed with 25 million CO2 emission rights from the EU's greenhouse gas emissions trading system, which at current prices are valued at 1.6 billion euros, the Islands Decarbonization Fund is set to get to work, leveraging investments of €3.8 billion for the 2025-2032 period.

High atop Mount Paiko, where a dense forest of chestnut trees spans approximately 4,500 acres, crystal-clear waters renowned for their purity emerge. From this atmospheric and beautiful region, straddling the borders of Pella and Kilkis, spring pristine waters.

The cost of carbon dioxide emissions into the atmosphere is set to be decoupled from gas prices in the European Union, marking a historic shift in the dynamic between the two markets, according to the head of natural resources research for the EMEA region at Goldman Sachs Group Inc.

With the approved loan of $600 million, the amount of financing provided by the World Bank for Türkiye in 2024 is close to $3.7 billion, Treasury and Finance Minister Mehmet Şimşek has announced.

Shipping and Island Policy Minister Christos Stylianides reiterated Greece's steadfast support for the EU's efforts to modernize the EU legislative framework for maritime safety, during an EU transport ministers meeting held on Tuesday in Luxembourg.

The Climate Change Mitigation Strategy and Action Plan (IDASEP), which was prepared to reach Türkiye's 2053 net zero emission target, lists the steps to be taken until 2030 one by one.

A recent report by the non-profit think tank InfluenceMap has unveiled startling insights into the world's carbon dioxide emissions landscape. According to the Carbon Majors report released on Thursday, a mere 57 fossil fuel and cement producers have been accountable for a staggering 80% of global CO2 emissions from 2016 to 2022.

The increase to be announced is at 6.5% – How 19 allowances are affected

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.

The Turkish energy exchange Enerji Piyasaları İşletme A.Ş. (EPİAŞ) and the European Energy Exchange (EEX) have signed a memorandum of understanding to underline their joint commitment to developing the Emissions Trading System (ETS) in Türkiye.