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COP28 has officially concluded. While the global carbon price is not set to be standardized, the concept of "carbon pricing" has begun to ferment. Governments and large corporations alike have established carbon pricing mechanisms.

Indonesia officially launched its first Carbon Capture and Storage (CCS) project at the end of November. However, experts believe that Indonesia faces significant risks in becoming a hub for carbon storage.

Spacious and comfortable SUVs are the top choice for many car enthusiasts, but recent studies indicate that these large vehicles are one of the culprits hindering the global automotive industry's carbon reduction efforts.

The Rockefeller Foundation collaborates with ACEN, a major Philippine energy player, using carbon financing for the early decommissioning and transition of a coal-fired power plant in the Philippines to renewable energy.

Malaysia is actively contemplating about the implementation of request for information (RFI) mechanisms for coal carbon reduction and potential early coal phase-out, said Nik Nazmi at COP28.

The IMF is keen to see the price of carbon increase to give the "biggest possible incentive for decarbonization.” “That price needs to go up, up, up if we are to speed up decarbonization", said its Managing Director Kristalina Georgieva at COP28.

After IDX Carbon launch, Indonesia's trading volume briefly outpaced Japan and Malaysia. However, a British media found little activity over the past 2 months, contrasting the earlier surge.

CLIMATE Impact X has secured investment from Japan’s Mizuho Financial Group, which will collaborate with the Singaporean carbon exchange to meet the growing demand for international carbon credits among Japanese companies.

Superyachts, private jets and financial investments of 12 of the world’s wealthiest people are accountable for generating annual energy emissions equivalent to 2.1 million homes, according to a report.

A Virgin Atlantic passenger jet powered by 100% sustainable aviation fuel (SAF) successfully completed a London-to-New York jaunt on November 28 to showcase the potential of low-carbon options that make up a tiny fraction of the industry's fuel mix.

Indonesia's president Joko Widodo launched the construction of a carbon capture, utilization and storage (CCUS) project in West Papua province operated by BP Plc on Nov. 24, making it the country’s first carbon storage project.

Japanese firms have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy company Petronas which should begin commercial operations by the end of 2028, Japan Petroleum Exploration Co (JAPEX) said on November 20.