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Singapore is steadily expanding its network of carbon credit trading partners, having signed cooperation agreements with both Peru and Chile within a week.

Leading specialized charging operators Atlante, Electra, Fastned and IONITY form Spark Alliance, a first of its kind collaboration, to simplify EV charging and accelerate EV transition.

The Science Based Targets initiative (SBTi) released the draft revision of its "Corporate Net-Zero Standard." The revision proposes changes to the recognition of Scope 3 emission reduction and suggests that separate targets be set for Scope 1 and Scope 2.

Carbon Forward Asia, held from March 4 to 5 in Singapore, featured a panel on the second day titled “Removals: Putting the Net into Net-Zero,” which explored the opportunities and challenges for advancing carbon removal in Asia.

Vietnamese electric vehicle giant VinFast is optimistic about the growth potential in the Philippine market. In late February, it signed a Memorandum of Understanding (MOU) with Motech, an automotive service center.

To achieve net zero by 2050, Vietnam is implementing an energy transition action plan, which includes phasing out outdated coal-fired power plants while exploring the feasibility of co-firing biomass and ammonia.

TotalEnergies and Air Liquide announced on Feb. 18 that they will invest €600 million (about USD 627 million) to produce green hydrogen in the Netherlands using offshore wind energy.

Driven by the global push for net-zero emissions, Vietnam saw a substantial rise in green buildings last year, reaching a total of 559, far surpassing its 2030 target by more than threefold.

On Feb. 4, LEGO announced an investment of approximately DKK 19 million (about 2.6 million USD) in four carbon removal projects. The Danish toy giant aims to secure carbon credits through these initiatives as part of its commitment to achieving net-zero.

To achieve its net-zero target, the Malaysian government is adopting various carbon reduction technologies, with carbon capture set to present a development draft in March to help hard-to-decarbonize industries transition.

Thailand’s cabinet approves a carbon tax rate of 200 baht ($5.88) per ton of carbon emissions. Deputy Finance Minister Paopoom Rojanasakul stated in an official announcement that the carbon tax will be integrated into the existing petroleum tax structure.

In less than a month, six of the largest banks in the U.S., including JPMorgan, have announced their withdrawal from the United Nations Net-Zero Banking Alliance (NZBA).