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Mizuho Financial Group has announced its entry into the NextGen platform as a carbon credit buyer, marking a first for Japan’s banking industry.

To stimulate its carbon trading market, Thailand is revising regulations to relax cryptocurrency oversight. The proposed changes would allow the tokenization of carbon credits, carbon allowances, and renewable energy certificates using blockchain.

The steel sector is “hard-to-abate”, accounting for about 7% of global carbon emissions, which highlights the importance of low-carbon steel. Companies in Japan, South Korea, and China are actively working on research and development in this area.

Despite an oversupply of office buildings in Indonesia, demand for low-carbon offices remains strong. The occupancy rate for green office spaces jumped 73.4% in the second half of last year, with rental prices also increasing, according to a report.

Tourism contributes 8% of global carbon emissions, and Phuket, one of Thailand’s top travel destinations, is taking steps to cut its environmental impact.

Carbon Forward Asia concluded its two-day conference in Singapore on March 5, bringing together government officials, corporate leaders, investors and experts to discuss the latest developments in Southeast Asia’s carbon markets.

Amazon, the retail giant in the U.S., announced the launch of its carbon credit service through its Sustainability Exchange platform on March 19. This service aims to help its supply chain partners achieve decarbonization.

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.

Singapore-based startup Pyxis launched solar-powered electric boats that help reduce costs for river cruise operators and feature Vehicle-to-Grid (V2G) technology to supply low-carbon power, advancing maritime decarbonization.

Germany and the EU need a short-term strategy for enabling the necessary ramp-up of carbon dioxide removals (CDR), said the think tank German Institute for International and Security Affairs (SWP) in a report.

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.

Singapore’s Minister for Manpower and Second Minister for Trade and Industry announced that Singapore has signed carbon credit transfer agreements with three countries to fulfill its Nationally Determined Contributions (NDCs) under the Paris Agreement.