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July 16, 2024

Shipping industry struggles with decarbonization amid green fuel supply, policy challenges

The shipping industry is facing immense pressure to reduce emissions due to underdeveloped decarbonization technologies and tightening carbon tax policies. Major players like Maersk and Taiwan’s top shipping companies—Evergreen, Wan Hai, and Yang Ming—are
May 29, 2024

Singapore, Ghana ink carbon credit agreement allowing firms to offset carbon tax

Companies in Singapore aiming to offset part of their carbon tax liability will soon be able to purchase carbon credits from projects in Ghana, following an agreement signed between the two countries on May 27.
May 24, 2024

Expert sees more room as global carbon pricing revenue hit record $104 bln

The World Bank released its "State and Trends of Carbon Pricing 2024" report on May 21, marking the first time Taiwan's carbon pricing policy has been included among the 75 operational carbon pricing instruments globally.
May 15, 2024

Malaysia carbon exchange to auction first local nature-based carbon credits in July

The Malaysia Carbon Exchange (BCX) will auction its first batch of locally generated carbon credits on July 25. This event marks the expansion of its product offering to include local carbon credits in addition to global carbon credits.
January 15, 2024

Thailand ready for carbon tax, aligning with World Bank's five principles

Thailand is preparing to join the league of countries implementing a carbon tax. Ministry of Finance revealed that the department has been collaborating with both domestic and international organizations to draft carbon tax regulations.
January 03, 2024

Singapore’s electricity prices rise due to higher carbon tax

Singapore’s gas and electricity prices have risen due to the impact of higher carbon tax, goods and services tax (GST) increments, and rising energy costs.
December 28, 2023

Philippine Congressional think tank questions need for carbon tax

The latest report from Philippine Congress think tank indicates that the Philippines has relatively lower carbon emissions, suggesting that imposing a carbon tax may not be necessary.
December 19, 2023

UK to launch carbon brooder tax on imports by 2027

Britain will introduce a new carbon import levy on certain products from 2027 to protect local businesses against cheaper imports from countries with less strict climate regulations, the government announced on Dec. 18.
October 05, 2023

Singapore sets eligibility criteria for carbon credits to offset firms' carbon tax

Singapore set out the eligibility criteria governing international carbon credits that companies can purchase to offset their taxable carbon emissions.
October 03, 2023

Indonesia maturing carbon tax regulation in response to EU’s CBAM

The Indonesian government is still working on finalizing its carbon tax regulation, which aims to anticipate the EU’s CBAM that will be fully implemented in 2026.

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