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Localities throughout Vietnam are undertaking activities to develop the carbon credit market.

Afforestation is one of the most direct ways to increase carbon sink. Vietnam planted nearly 770 million trees in 2021-2023, achieving 77% of its goal to plant one billion trees in the 2021-2025 period.

Indonesian government officials recently ruled that 200,000 hectares of oil palm plantations are planned to be returned to the state and converted back into forests, and that figure may increase.

Carbonaide, a spin-out from VTT Technical Research Centre of Finland, has come up with a solution to reduce carbon footprint by transforming CO2 into carbon-negative concrete blocks that eventually become a carbon sink, or an object that is able to absorb

Forests in New South Wales are continuing to be cleared to a point that some could become net carbon emitters in coming decades, according to a report released in December by the New South Wales’ Natural Resource Commission.

Finland could be subject to billions of euros in costs as the diminishing capacity of forests as a carbon sink has undermined its effort to meet the sink target set by the EU.

The City of New Westminster in western Canada recently received 26.4 million Canadian dollar ($20.6 million) after selling the credits it had earned under the BC Low Carbon Fuel Standard (BCLFS).

Tesla’s carbon credits revenue came in at $344 million in Q2, down 49% from $679 million in Q1, and a 3% decline from the same period in 2021.

Indonesia’s carbon credit export potential in the forestry sector has reached Rp2.6 trillion (US$172.6 million) per year, said Finance Minister Sri Mulyani Indrawati at the Sustainable Finance for Climate Transition Roundtable, a G20 side event held on Ju