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.
Gabon's new environment minister, Lee White, a British-born conservationist, has vowed to fight illegal logging by strengthening governance of forests after a national scandal in which about 350 containers of rare kevazingo wood went missing.
A new pledge by world leaders to halt deforestation by 2030 is likely to fail unless quickly backed by more funding, transparent monitoring and tough regulation of businesses and financiers linked to forest destruction, environmentalists warn.