Portuguese conglomerate Semapa has bought electric bike frame manufacturer Triangle's Cycling Equipments for 178.7 million euros ($195.2 million), part of its move into businesses geared towards decarbonisation, it said on Tuesday.
C ompanies with Brazilian forest concessions would be allowed to generate carbon credits under a bill passed by Congress this week that marks a "first step" in regulating the country's voluntary carbon market.
Finnish forestry firm UPM's first-quarter underlying earnings rose by 29% from a year earlier, the company said on Tuesday, but missed analysts expectations, sending its shares 2% lower.
Bluesource, a private U.S. company that advises companies on emissions reductions, said Tuesday it has entered a $500 million joint venture with an investment firm to purchase and manage timber forests less intensively to help curb climate change.