News
News
November 18, 2024
COP29: Baku summit makes early breakthrough on global carbon market standards
On the opening day of the United Nations Climate Summit (COP29), a major breakthrough was achieved in global carbon market negotiations. Member countries endorse a United Nations-backed carbon credit trading mechanism.
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.
September 16, 2024
China’s carbon market is moving from burden to boon
China’s mandatory national carbon market launched in 2021. So far, only companies with large coal-fired power generation have needed to comply. But other sectors, such as steelmaking, are set to join soon.
May 07, 2024
Only 13% of carbon credit buyers have SBTi-approved net zero targets: MSCI
Most companies purchasing carbon credits have not been made net-zero pledges approved by SBTi. According to MSCI Carbon Markets, over the past decade, only 13% of companies using carbon credits have set long-term carbon reduction targets. The report furth
March 25, 2024
Indonesia to announce carbon emission caps to revitalize carbon credit market
Indonesia Ministry of Environment and Forestry has announced its intention to soon implement the Technical Approval for Emission Limits (PTBAE) set by the Minister of Energy and Mineral Resources (ESDM) and strongly believed that this regulation can enhan
September 20, 2023
Indonesia’s first carbon trade to run on September 26
Indonesia plans to launch its first carbon trade next week, aiming to provide companies a mechanism to offset their emissions, while offering funding for carbon reduction projects.
August 25, 2023
Indonesia issues regulations for operation of its first carbon exchange
Indonesia's Financial Services Authority (OJK) has released a series of rules for the establishment of a carbon exchange, with the goal of launching an onshore carbon trading market by the year-end.
August 17, 2023
China’s carbon price hits record as power generators rush for permits
China’s carbon price continues to rise, setting a fresh record on Aug. 11 as Beijing pushes power generators to obtain sufficient permits for the year.
August 15, 2023
The huge potential and viability of carbon credit trading in ASEAN
ASEAN holds vast potential for generating carbon credits, given the region’s rich biodiversity and renewable energy sources. Climate experts suggest that member countries should collectively commit to a timeline for implementing regionwide carbon trading.