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Thai electric bus operator, Energy Absolute, announced on Jan 8 that it had sold the first carbon offsets under a new system established by the Paris Agreement to a Swiss fossil fuel group, a major landmark for putting into action the UN climate accord.

Offsetting carbon footprint couldn’t be simpler. Changi Airport has launched a new service on its website and cell-phone application for passengers to calculate the carbon emissions and allow credit card to offset them by supporting forest-planting.

ICVCM outlined criteria for new voluntary standards on July 27 and hope to issue labelled credits by the end of the year to bring transparency to the unregulated marketplace.

A draft document to define a new global carbon market released last month by the United Nations elevated nature-based solutions like planting trees while downplaying the role of carbon dioxide removal (CDR) via machines or other forms of technology.

A number of big companies decided to create in-house carbon credits despite criticisms against offsets.

Spanish airline Iberia has launched the CO2labora, a new carbon offsetting scheme, allowing customers to support two certified climate projects through carbon offsetting.

Using cheap carbon offsets to meet net zero targets could curb companies’ efforts to cut emissions and slow the delivery of climate goals, Britain’s climate change advisers said on Thursday.

The London Stock Exchange has set listing rules for companies that finance carbon offset projects to grow the market and enhance transparency.