News

Indonesia’s official carbon exchange platform, IDX Carbon, has recorded nearly 1.6 million tons of carbon traded since its launch, with 90% of buyers coming from the domestic market.

Through its 2021-founded subsidiary MyCarbon, Brazil’s meat processing giant Minerva Foods is emitting and selling carbon credits to big oil companies that are in a rush to move away from a polluting stigma.

The European Commission is expected to unveil its 2040 climate target on July 2. The proposal includes a controversial move to allow EU member states to use international carbon credits.

To encourage greater corporate participation in voluntary carbon markets, the governments of Singapore, the United Kingdom, and Kenya have launched the Coalition to Grow Carbon Markets, the first government-led initiative of its kind.

Carbon market is regaining momentum as it enters the “carbon credit 2.0” era, driven by strengthened quality standards and the accelerated development of carbon removal technologies.

Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries.

The non-profit Ecosystem Marketplace (EM) released its latest research on May 29, revealing that the voluntary carbon market (VCM) has reached its lowest transaction volume in six years.

Verra, an international carbon credit verification body, announced a new certification methodology that allows emissions reductions from early coal plant shutdowns to be converted into carbon credits.

U.S. tech giant Microsoft is ramping up its carbon dioxide removal (CDR) efforts through a new partnership with climate tech startup CO280. The collaboration leverages a unique carbon capture and storage (CCS) technology to reduce emissions.

Singapore is steadily expanding its network of carbon credit trading partners, having signed cooperation agreements with both Peru and Chile within a week.