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According to Our World in Data, energy use accounts for 73.2% of the total carbon emissions. Such a high proportion has made renewable energy the key to achieving net zero emissions and has driven governments and companies to set 100% renewables target.

Britain’s biggest drugmaker AstraZeneca announced on June 28 that it would invest $400 million to plant over 200 million trees by 2030 as part of its strategy for reducing carbon emissions in accordance with the Paris Agreement.

Petronas said on June 28 that it has signed a development agreement with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd. to collaborate on a carbon capture and storage (CCS) project in Malaysia.

Japan's JX Nippon Oil & Gas Exploration Corp, a unit of ENEOS Holdings, aims to store 5 million metric tons of carbon by 2030.

Navigator Holdings Ltd. and Bumi Armada Berhad have signed a deal to form a 50-50 joint venture－Bluestreak CO2 Joint Venture－to provide transport services for carbon emissions capture and storage in the United Kingdom.

Indonesia projects to initiate its carbon exchange in September, with power generation companies the first to trade on it.

Brazil’s vice president Geraldo Alckmin said the carbon market could surge by 5% the GDP of the country and bring in USD 120 billion by 2030.

Private sectors have shared their perspectives on the development of the ASEAN Strategy for Carbon Neutrality at the recent 9th ASEAN Economic Community (AEC) Dialogue in Jakarta, Indonesia.

More than 2.2 million tonnes of carbon credits were sold on June 14 at an auction organized by the Regional Voluntary Carbon Market Co. in the Kenyan capital Nairobi, the Saudi firm said.　

Japan Organization for Metals and Energy Security (JOGMEC) said on June 13 that it has chosen seven candidate projects which capture CO2 and store it underground to offer support for commercialization to build up Japan's decarbonization push.

A new coalition called UAE Carbon Alliance making up of UAE companies has been established to develop and grow a carbon market in the United Arab Emirates.　

The International Emissions Trading Association (IETA) has launched its Asia hub in Singapore on Jun 8.