News
News
December 26, 2023
Carbon credit futures fall 90% as major buyer shun the market
Due to doubts about the effectiveness of forest carbon offset, major carbon buyers such as airlines are beginning to avoid the trading market.
December 22, 2023Singapore’s first public sector sustainability report: no bottled water
Singapore is leading other Southeast Asian countries by releasing its first government sustainability report. Besides carbon reduction achievements, the government has announced the gradual elimination of single-use items.
December 21, 2023Vietnam pilots carbon credit exchange from 2025, enterprises may struggle to comply
Vietnam Carbon Credit Exchange is expected to trial from 2025, but the details of the trial phase are still under development, especially regarding policies, legal framework, and human resources for the development are seriously insufficient. It will be d
December 20, 2023Scramble for African forests looming for carbon credits
The UAE startup "Blue Carbon" is quietly developing forest carbon credits worldwide. Through collaborations with 5 African countries, the land area involved is nearly equivalent to the size of United Kingdom.
December 12, 2023Taiwan exchange set to kick off trading for first batch carbon credits
The Taiwan Carbon Solution Exchange (TCX) will start trading carbon credits on Dec. 22, offering international credits from seven countries in Asia, Africa, and South America at a price of US$5 to US$15 per metric ton of CO2 equivalent.
December 07, 2023Philippines eye first coal-plant phase-out by carbon finance
The Rockefeller Foundation collaborates with ACEN, a major Philippine energy player, using carbon financing for the early decommissioning and transition of a coal-fired power plant in the Philippines to renewable energy.
December 04, 2023Japanese bank invests in CIX to expand Asia’s carbon credit market
CLIMATE Impact X has secured investment from Japan’s Mizuho Financial Group, which will collaborate with the Singaporean carbon exchange to meet the growing demand for international carbon credits among Japanese companies.
November 27, 2023Philippines ready to sell sovereign carbon credits, says lawmaker
The Climate Change Commission of the Philippines and Maharlika Carbon Technologies signed a memorandum of cooperation last Friday to jointly promote voluntary carbon credits and sovereign carbon credits.
November 22, 2023Demand for carbon-related insurance is growing, say experts
Where investors see risks in buying carbon credits that might not live up to their promise, insurers are seeing opportunity.
November 17, 2023EU to auction 244 million carbon permits from Jan-Aug 2024
European governments will auction 244 million EU carbon permits from January to August next year under the bloc's ETS, the European Commission announced on November 16.