News
Global
April 24, 2024
Global plastic treaty talks face uncertainty amid opposition from oil and gas producers
“Global plastic treaty” took place on Apr. 23 in Ottawa, where international representatives gathered to discuss on how to halt plastic pollution. However, with opposition from major oil and gas countries, reaching a consensus on the draft remains uncerta
April 23, 2024
New SBTi standard to drive renewable energy certificate market changes: expert
The Science Based Targeting Initiative (SBTi) will allow companies to offset Scope 3 emissions using carbon credits, a move that could trigger greenwashing controversies or significantly change the renewable energy certificate (REC) and carbon credit mark
April 23, 2024
IETA unveils new guidelines for companies on carbon credits
The International Emissions Trading Association (IETA) has release new guidance for businesses looking to use carbon credits in their pursuit of climate goals.
April 22, 2024
Paris Olympics climate action criticized as falling short of sustainability targets
To mitigate global warming, the Paris Olympics has set ambitious carbon reduction goals. However, the non-profit organization Carbon Market Watch argues that its carbon footprint remains excessively high, making it difficult to be sustainable.
April 19, 2024
SBTi rule relaxation signals turning point for carbon credit market: TCX
The new statement from the SBTi indicates that carbon credits have now reached a turning point, with demand expected to significantly increase, according to Tian Jian-zhong (田建中), general manager of Taiwan Carbon Solution Exchange (TCX).
April 17, 2024
SBTi releases an official clarification to its Scope 3 statement
Considering the recent controversies surrounding the Science Based Targets initiative (SBTi) changing its stance on offsetting Scope 3 emissions, the Board of Trustees has issued an additional clarification to its initial statement.
April 15, 2024
Japan becomes the first international partner in U.S. Floating Offshore Wind Shot initiative
Japan has committed to collaborate with the United States as the first international partner in reducing costs and promoting the development of floating offshore wind projects primarily through the US Wind Shot initiative.
April 15, 2024
Istanbul Airport will become first airport powered by solar energy
Istanbul Airport, among the busiest transportation hubs globally, is set to become the world's first airport to meet its entire electricity demand through solar energy. This will be achieved via a solar plant to be constructed in Eskisehir, central Turkey
April 12, 2024
SBTi rules relaxed set to boost the carbon credits market
The Science Based Targets initiative announced that it will allow the use of carbon credits to reduce emissions from Scope 3. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published July.
April 11, 2024
Greenwashing fear is hindering Asia corporates’ sustainability agenda, study finds
According to global consulting firm Kearney, over 70% of executives in the Asia-Pacific region expressed reluctance to publicly disclose carbon reduction plans due to greenwashing anxieties.