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Prominent corporations like Microsoft and Google have committed to realizing Carbon-Free Energy (CFE) 24/7 for their offices and operations by 2030, setting a precedent for others to follow. 

Malaysia's Deputy Prime Minister revealed the country's timeline for phasing out coal-fired power plants to achieve its net-zero commitment by 2050. By 2035, Malaysia aims to reduce its coal power plants by half and retire all of them by 2044.

Singapore's Singtel has announced the expansion of its internal carbon pricing policy. Going forward, any project with total carbon emissions exceeding 100 tons will be subject to a carbon price of SGD 50 per ton (about USD 37).

A charge on emissions for cargo vessels would become the first global carbon price, but disagreements on system design and starting prices remain.

The U.S. think tank IEEFA's new report indicates that more than 800 coal-fired power plants in emerging markets could transition to renewable energy profitably, creating more investment opportunities for the decarbonization of the energy industry.

In early June, ten West African countries wrote to the Science Based Targets initiative (SBTi), urging that carbon offsets be included in corporate net zero standards, allowing companies to offset their emissions.

The largest and only solar irrigation system in the Philippines was officially inaugurated on June 10. The local government has applied renewable energy to agricultural projects, reducing the use of fossil fuels and lowering carbon emissions.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first batch of carbon credit methodologies to pass their review.

To accelerate decarbonization efforts in the power sector, Southeast Asian countries require strategic climate assistance. Therefore, the implementation of projects like the Just Energy Transition Partnerships (JETPs) is crucial for developing economies.

Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.

Malaysia is among the hubs in the Asia-Pacific region rapidly emerging as key players in the carbon capture and storage (CCS) sector, according to Rystad Energy.

The UK ETS Authority announced on May 23 that it is launching a consultation on the inclusion of waste-to-energy, waste incineration, and carbon removals in the carbon emissions trading system.