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Singapore’s gas and electricity prices have risen due to the impact of higher carbon tax, goods and services tax (GST) increments, and rising energy costs.

Global leading food and drinks producers are rushing to reduce carbon footprint by tackling one of the hidden culprits of emissions in value chains: fertilizers.

Vietnam has received more than 41 million U.S. dollars from selling forest carbon credits as part of an emission reduction deal with the World Bank. The money is transferred to localities to pay locals and communities to protect forests.

Singaporean financial service group Oversea-Chinese Banking Corp. (OCBC) has partnered with Japan’s investment firm Mercuria Holdings to create a fund of up to $500 million to finance decarbonization-related businesses in Southeast Asia.

The issue of Carbon Capture and Storage (CCS) was debated by Gibran Rakabuming Raka and Mahfud MD during the vice presidential debate last Friday. This unexpected topic of question has become widely discussed.

The latest report from Philippine Congress think tank indicates that the Philippines has relatively lower carbon emissions, suggesting that imposing a carbon tax may not be necessary.

Vietnam aims to achieve net-zero by 2050 and requires the construction industry to reduce 74.3 million tons of CO2 equivalent. However, officials from MONRE stated no building in Vietnam has been designed, constructed, or managed to meet net-zero.

Due to doubts about the effectiveness of forest carbon offset, major carbon buyers such as airlines are beginning to avoid the trading market.

The UK government announced its new vision to create a carbon capture market by 2035. The plan, called the CCUS Vision, outlines a competitive UK carbon capture, usage and storage market aimed at generating new jobs and supporting its net zero goal.

Indonesia is about to see the lowest investment realization in renewable energy projects in six years, despite the country’s aim to decarbonize its electricity sector, which experts suggest it is partly because of a lack of discussion to tackle barriers.

Singapore is leading other Southeast Asian countries by releasing its first government sustainability report. Besides carbon reduction achievements, the government has announced the gradual elimination of single-use items.

Japanese oil company Eneos and trading group Sumitomo Corp. have announced plans to produce green hydrogen in Malaysia and export much of it to Japan. This initiative aims to further diversify the fuel supply for decarbonization.