Jun 19, 2025 07:52 AM IST The initiative allows farmers to earn additional income by planting trees that absorb carbon dioxide, generating tradable carbon credits, district officials said. In a major push for sustainable farming and climate action, farmers in Prayagraj have been included in the third phase of Uttar Pradesh’s Carbon Credit Scheme. A farmer planting trees on his field (For representation only) The initiative allows farmers to earn additional income by planting trees that absorb carbon dioxide, generating tradable carbon credits, district officials said. Already operational across 13 forest divisions in the state, the scheme has now been…
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The Fed’s interest rate decisions impact mortgages, but the relationship isn’t straightforward. Tharon Green/CNETThere’s a wild amount of uncertainty in today’s economy, but one thing is clear: The Federal Reserve isn’t planning to lower interest rates this summer. Mortgage rates, which have been stuck near 7% for the past several months, are likely to stay higher for longer.On June 18, Fed officials voted to leave borrowing rates unchanged for a fourth consecutive meeting. Holding interest rates where they are allows the central bank to evaluate how President Trump’s unpredictable tariff campaign, immigration policies and federal cutbacks affect both inflation and…
Over 100 state and local officials from the Midwest and West, including North Dakota and South Dakota, are asking the U.S. Senate to eliminate tax credits for carbon capture and sequestration as part of a federal budget reconciliation bill. Established by Congress and then-President George W. Bush in 2008, the 45Q tax credits incentivize companies […] Source link
As the carbon market evolves, a new frontier is emerging at the intersection of environmental monitoring and Indigenous land stewardship: soil carbon credits. These initiatives, often driven by Indigenous communities seeking sustainable revenue, promise not only climate benefits but also equity in the green economy. But this potential can only be realized through robust monitoring, supportive regulation, and the right technological infrastructure.If you need to monitor sequestered carbon, head to our product directory to find hundreds of companies supplying environmental monitoring equipment.A revenue stream for struggling Indigenous communitiesSoil is one of the planet’s largest carbon sinks, and practices that increase…
By Chuck MikolajczakNEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administration’s tariff plans.In new economic projections, policymakers sketched a modestly stagflationary picture of the U.S. economy, with economic growth slowing to 1.4% this year, unemployment rising to 4.5% by the end of this year, and inflation finishing 2025 at 3%, well above the current level.While policymakers still anticipate cutting rates by half a…
A cross-industry group of around 20 companies is helping develop plans for a new type of carbon credit to fund the retirement of coal-powered power plants in emerging economies. The Kinetic Coalition, the organization overseeing the initiative, is aiming to aggregate demand from the companies and launch an advance market commitment. The group includes Amazon, Mastercard, Morgan Stanley and Tiffany & Co. The coalition is targeting a major source of emissions that is challenging to decarbonize. Close to a third of global carbon emissions come from coal power plants and almost 80 percent of those emissions come from emerging economies,…
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Rubicon Carbon has launched the Rubicon Rated Tonne (RRT), a curated portfolio of carbon credits designed for businesses requiring third-party verification, the company said in a statement on Wednesday.The first RRT has received an AAport rating from BeZero Carbon, marking the first time a carbon credit portfolio has been assessed using BeZero’s new Portfolio Rating methodology.This AAport rating indicates that the credits within the portfolio have a “very high likelihood” of achieving one tonne of carbon dioxide equivalent (CO2e) avoidance or removal.The portfolio includes a mix of carbon removal, nature-based, and super-pollutant elimination projects, all vetted through Rubicon Carbon’s due…
Nippon Steel and U.S. Steel said Wednesday they have finalized their deal that gives the U.S. government a say in some matters and comes a year-and-a-half after the Japanese company Source link
CNN — Still no movement. For its fourth meeting in a row, the Federal Reserve opted to leave unchanged its key short-term interest rate — which influences a host of rates on consumer financial products and bank accounts across the United States. That means that once again anyone with savings that they want to invest in stable, low-risk, interest-yielding assets is in luck. It may be especially good news for retirees, who are usually advised to keep a year’s worth of living expenses in interest-bearing accounts so that they won’t have to sell stocks from their portfolio when the market…