Carbon Market
Amid oil price hikes and fewer customers, fish and flower vendors at Cebu City's Carbon Market are seeing sharp drops in earnings. Product prices like shrimp have risen by up to P100 since March 17, 2026. Transportation costs for fish carts have also doubled.
Reported by AI
The Brazilian government announced plans to tighten carbon market rules in response to a fraud involving companies linked to former banker Daniel Vorcaro, owner of Banco Master. Carbon Market Secretary Cristina Reis from the Ministry of Finance stated the case is serious and requires regulatory clarity to prevent irregularities. The measures aim to map environmental assets and distinguish legitimate credits from accounting and land frauds.
February 01, 2026 00:29