News

Indonesia’s official carbon exchange platform, IDX Carbon, has recorded nearly 1.6 million tons of carbon traded since its launch, with 90% of buyers coming from the domestic market.

The European Commission has set out a proposal to cut EU emissions 90% by 2040, with up to 3% coming via carbon credits purchased from other countries.

Through its 2021-founded subsidiary MyCarbon, Brazil’s meat processing giant Minerva Foods is emitting and selling carbon credits to big oil companies that are in a rush to move away from a polluting stigma.

The Vietnamese government has committed to join the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), a global climate initiative aimed at reducing carbon emissions from international flights.

Swiss direct air capture (DAC) pioneer Climeworks recently announced a major round of layoffs, planning to cut more than 20% of its global workforce. Company executives attributed the move to macroeconomic uncertainty and shifting policy landscapes.

Malaysia’s Sarawak has recently called for the establishment of a unified carbon market across ASEAN to boost carbon credit prices and address climate challenges.

A recent study in Ecological Solutions and Evidence shows just how complicated and challenging it is to achieve carbon sequestration goals through forest management — but not impossible.

Thailand's carbon market is still in its early stages, with its Securities and Exchange Commission estimating that the voluntary carbon market (VCM) will be launched by 2027, ahead of the mandatory market.

Indonesia's government is set to implement a cap-and-trade carbon trading system, with more details expected to be released in August this year.

Asia-Pacific’s leading annual carbon market event, Carbon Forward Asia 2025, will be held in Singapore from March 4 to 5, bringing together experts from across the region to discuss ASEAN’s carbon markets, emerging opportunities.