The new year has arrived and we are looking forward to positive changes for the climate and sustainable investment. As Cop26 fades from the wider public discourse it has never been more important to share news on the various events occurring across the world and to hold governments and organisations accountable for their actions.

Today's news is filled with reports on climate change, which convey mixed messages of hope, disappointment, successes and failures. This newsletter provides a short summary of some of the most notable, informative and quirky climate stories of the past two weeks.

The term carbon market was likely to have been uttered by every attendee at Cop26, but why is this area of such significance? Why have governments and large businesses invested so much time and money into demonstrating their support for such schemes, when the reality fails to live up to the green and sustainable utopia that carbon markets are supposed to help achieve? To answer such questions, we must trace the roots of carbon markets and analyse how they grow.