News

Bloomberg New Energy Finance (BNEF)’s latest outlook report has predicted that the global carbon market is set to exceed $800 billion this year, marking a 5% year-over-year growth, even though trade volumes have fallen due to Russia’s war in Ukraine.

According to an outlook report by S&P Global Commodity Insights, that the world is not making enough progress to achieve the necessary CO2 reductions by 2050 in the carbon capture, utilization, and storage (CCUS) market.

South Korea’s SK Group subsidiaries SK IE Technology Co., SK Innovation Co. and Lotte Chemical have announced their partnership by signing a memorandum of understanding on Oct. 23 with the goal of entering the carbon capture market.

Taiwan’s offshore wind development has gradually matured, offering vast business opportunities for localization and has geared up for entering the Southeast Asian market, according to speakers at the Offshore Wind Summit 2023.

The annual Energy Taiwan trade show returned to Taipei on Oct 18. The event featured 1,275 booths and attracted roughly 25,000 attendees over three days, the largest in scale to date.

The world must add or replace 80 million kilometers of electricity grids by 2040 for countries to meet their climate goals, according to the latest report published by International Energy Agency (IEA).

The Tokyo Stock Exchange began trading carbon credits, a key element in the world's fifth-largest CO2 emitter Japan's strategy to address climate change.

EU launched the first phase of the world's first system to impose CO2 emissions tariffs on imported steel, cement, and other goods as it tries to stop more polluting foreign products from impeding its green transition.

Tajikistan plans to produce 1 million metric tons of green hydrogen by 2040 for usage at home and exports to neighboring countries.

Tokyo Stock Exchange will begin trading carbon credits on October 11, launching Japan's first exchange-based carbon market as the world's fifth-largest emitter moves to address climate change.