News
News
February 07, 2025
LEGO turns to biochar, rock weathering for carbon removal solutions
On Feb. 4, LEGO announced an investment of approximately DKK 19 million (about 2.6 million USD) in four carbon removal projects. The Danish toy giant aims to secure carbon credits through these initiatives as part of its commitment to achieving net-zero.
January 31, 2025
Key carbon market trends to watch in 2025
Global carbon emissions are expected to reach a new high in 2024, while the growth of the carbon credit market has stalled. However, the outlook for 2025 remains optimistic, as countries and companies continue to raise their emission reduction targets.
December 23, 2024
‘Phantom’ rice projects expose voluntary carbon market failings
Amid accusations of fraud, lax auditors and problematic offset certifiers, is the carbon credit market still … credible?
November 26, 2024
Tesla nearly doubles carbon credits as U.S. automakers face credit deficits
Tesla earned nearly 34 million carbon credits last year, ranking first in carbon credit sales. However, despite the growing trend toward vehicle electrification, the U.S. auto industry still faced a massive carbon emissions deficit last year.
November 04, 2024
Japan, Vietnam approve 9 JCM carbon credit projects
Japan and Vietnam have deepened their cooperation based on Joint Crediting Mechanism (JCM) and issued carbon credits for nine new projects by the end of October.
September 30, 2024
Thailand turns to mangrove carbon credits despite scepticism
Thailand aims to bring thousands of hectares of mature mangroves into its new carbon market, but local communities are concerned about the consequences.
September 16, 2024
Indonesia’s new government targets $65 bln green fund through carbon credit revenues
Indonesia's new government intends to establish a green fund, raising capital through the production and sale of nature-based carbon removal credits to invest in more green projects and achieve a net-zero goal by 2060.
August 01, 2024
New SBTi research highlights importance of carbon credit quality, expert says
SBTi's draft on Scope 3 carbon credits is delayed, with a report showing most carbon credits fail to meet climate goals. Industry researcher warns that this highlights the increasing importance of carbon credit quality.
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 28, 2024
Masidi says Sabah's first carbon credit trading will gradually yield tangible benefits
It will take some time for Sabah to realize the tangible benefits from trading its first carbon credits from the state rainforest, said state Finance Minister Masidi Manjun.