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The result of "carbon tax" is as follows:

Mitsubishi eyes Vietnam's green energy market with LNG, low-carbon technologies
News

Mitsubishi eyes Vietnam's green energy market with LNG, low-carbon technologies

Vietnam's renewable energy sector is booming, and Japanese companies operating locally are noticing the shift.
December 19, 2024
Malaysia's banks accelerate carbon reduction with solar, financing projects
News

Malaysia's banks accelerate carbon reduction with solar, financing projects

Malaysia's financial sector is intensifying its efforts to reduce carbon emissions. Public Bank will invest RM 14.88 million (about 3.3 million USD) to install solar panels across all its branches and buildings.
December 18, 2024
Southeast Asia's carbon market could reach $3 trillion by 2050, says ASEAN report
News

Southeast Asia's carbon market could reach $3 trillion by 2050, says ASEAN report

Southeast Asia's carbon market potential remains largely untapped. A recent report highlights that over the past 15 years, carbon credits provided by the ASEAN region have accounted for only 7% of the global carbon market.
December 13, 2024
Thailand cuts taxes to encourage hybrid EV production
News

Thailand cuts taxes to encourage hybrid EV production

To expand the development of electric vehicles (EVs), the Thai government has passed a new tax system aimed at hybrid electric vehicles (HEVs) and mild hybrid electric vehicles (MHEVs), offering conditional excise tax reductions for manufacturers.
December 06, 2024
Updated: Thailand's finance ministry to propose carbon tax for cabinet approval
News

Updated: Thailand's finance ministry to propose carbon tax for cabinet approval

The Thai Ministry of Finance is set to propose a carbon tax measure on Dec. 11 for cabinet approval, aiming to enhance the country’s efforts in reducing greenhouse gas emissions.
December 04, 2024
AWS to decarbonize new data center with AI innovation
News

AWS to decarbonize new data center with AI innovation

Amazon Web Services (AWS) unveiled new data center components on Dec. 3, including innovations in power supply, cooling systems, and hardware design aimed at supporting the development of next-generation artificial intelligence (AI).
December 04, 2024
Vietnam restarts Ninh Thuan nuclear project after 8-year suspension
News

Vietnam restarts Ninh Thuan nuclear project after 8-year suspension

Vietnam's National Assembly has approved the revival of nuclear power, with plans to develop nuclear energy to expand the use of low-carbon energy and achieve the national net-zero target by 2050.
December 02, 2024
Startup Captura's ocean carbon capture technology aims to slash costs
News

Startup Captura's ocean carbon capture technology aims to slash costs

The development of carbon capture technology has been slow, partly due to high costs. However, the American startup Captura is developing ocean carbon capture technology that promises to halve these costs.
November 29, 2024
Hylife Group invests $11 million in first sustainable factory to earn carbon credits
News

Hylife Group invests $11 million in first sustainable factory to earn carbon credits

Hylife Group in Thailand is making a strong push to reduce carbon emissions with a major investment of over THB 400 million (about USD 11.6 million) to establish its first sustainable factory for Hylife Global Foods.
November 28, 2024
Tesla nearly doubles carbon credits as U.S. automakers face credit deficits
News

Tesla nearly doubles carbon credits as U.S. automakers face credit deficits

Tesla earned nearly 34 million carbon credits last year, ranking first in carbon credit sales. However, despite the growing trend toward vehicle electrification, the U.S. auto industry still faced a massive carbon emissions deficit last year.
November 26, 2024
CBAM may be revised to ease EU exporters' pain
News

CBAM may be revised to ease EU exporters' pain

The EU's CBAM, designed to address carbon leakage, has unintentionally hurt domestic exporters as well. EU officials recently indicated that they would assist exporters in coping with the impact.
November 21, 2024
Singapore, EU, China collaborate on multi-jurisdiction green financing taxonomy
News

Singapore, EU, China collaborate on multi-jurisdiction green financing taxonomy

Singapore’s sustainable finance taxonomy is aligned with those of the EU and China after it was launched at the end of last year. This alignment will serve as a framework for investors to assess green economic activities across these three regions.
November 19, 2024
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