The PBOC pledged on Tuesday to provide funds to 11 provinces in the south, east, north and southwest, plus farmers, small firms and households

A recent report saying carbon offsets were ‘largely ineffective’ could lead firms to abandon or pare back investment in nature and carbon removals

The central bank will extend its policy to support companies' carbon-reduction projects for three more years – up till the end of 2027

That was nearly as much as the climate change-related losses China suffered in the first six months of the year combined

July was China’s hottest in modern history, and the hot spell shows no sign of relenting in the east and south of the country

China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to cut down its emissions, including hitting peak carbon levels by 2030

Scientists have speculated that the region could be holding a huge amount of carbon, equivalent to the annual CO2 emissions of the US

The move is significant given estimates that the carbon removal industry could earn up to $100 billion a year by 2030, but remains plagued by scepticism

Computational random-access memory (CRAM) performs tasks directly inside memory cells, reducing power demands for AI workloads

All existing carbon credits linked to renewable energy projects failed to qualify as per the Core Carbon Principle standards due to concerns over their role in preventing emissions

From 2026 onwards, China will set its focus on controlling emission intensity across provinces and industries

Extreme weather across large parts of the country has triggered a number of deadly natural disasters this year