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The result of "carbon tax" is as follows:

UK to launch carbon brooder tax on imports by 2027
News

UK to launch carbon brooder tax on imports by 2027

Britain will introduce a new carbon import levy on certain products from 2027 to protect local businesses against cheaper imports from countries with less strict climate regulations, the government announced on Dec. 18.
December 19, 2023
Philippines relaxes rules to drive lending for green projects
News

Philippines relaxes rules to drive lending for green projects

The Bangko Sentral ng Pilipinas (BSP) officially approved 2 temporary measures to promote sustainable development and carbon reduction investment initiatives.
December 18, 2023
Taiwan exchange set to kick off trading for first batch carbon credits
News

Taiwan exchange set to kick off trading for first batch carbon credits

The Taiwan Carbon Solution Exchange (TCX) will start trading carbon credits on Dec. 22, offering international credits from seven countries in Asia, Africa, and South America at a price of US$5 to US$15 per metric ton of CO2 equivalent.
December 12, 2023
More companies set internal prices to manage carbon risk
News

More companies set internal prices to manage carbon risk

COP28 has officially concluded. While the global carbon price is not set to be standardized, the concept of "carbon pricing" has begun to ferment. Governments and large corporations alike have established carbon pricing mechanisms.
December 12, 2023
Indonesia’s carbon storage ambition could be a risky business
News

Indonesia’s carbon storage ambition could be a risky business

Indonesia officially launched its first Carbon Capture and Storage (CCS) project at the end of November. However, experts believe that Indonesia faces significant risks in becoming a hub for carbon storage.
December 08, 2023
GFEI: auto emissions could have dropped by 30% without SUVs
News

GFEI: auto emissions could have dropped by 30% without SUVs

Spacious and comfortable SUVs are the top choice for many car enthusiasts, but recent studies indicate that these large vehicles are one of the culprits hindering the global automotive industry's carbon reduction efforts.
December 07, 2023
Philippines eye first coal-plant phase-out by carbon finance
News

Philippines eye first coal-plant phase-out by carbon finance

The Rockefeller Foundation collaborates with ACEN, a major Philippine energy player, using carbon financing for the early decommissioning and transition of a coal-fired power plant in the Philippines to renewable energy.
December 07, 2023
Malaysia considers REI for coal phase-out, examines Vietnam's JETP deal
News

Malaysia considers REI for coal phase-out, examines Vietnam's JETP deal

Malaysia is actively contemplating about the implementation of request for information (RFI) mechanisms for coal carbon reduction and potential early coal phase-out, said Nik Nazmi at COP28.
December 06, 2023
IMF sees high carbon price as best incentive for decarbonization
News

IMF sees high carbon price as best incentive for decarbonization

The IMF is keen to see the price of carbon increase to give the "biggest possible incentive for decarbonization.” “That price needs to go up, up, up if we are to speed up decarbonization", said its Managing Director Kristalina Georgieva at COP28.
December 05, 2023
Indonesia’s carbon market flats, even no trading
News

Indonesia’s carbon market flats, even no trading

After IDX Carbon launch, Indonesia's trading volume briefly outpaced Japan and Malaysia. However, a British media found little activity over the past 2 months, contrasting the earlier surge.
December 05, 2023
Japanese bank invests in CIX to expand Asia’s carbon credit market
News

Japanese bank invests in CIX to expand Asia’s carbon credit market

CLIMATE Impact X has secured investment from Japan’s Mizuho Financial Group, which will collaborate with the Singaporean carbon exchange to meet the growing demand for international carbon credits among Japanese companies.
December 04, 2023
World’s richest 12 people have same carbon footprint as 2 mln homes
News

World’s richest 12 people have same carbon footprint as 2 mln homes

Superyachts, private jets and financial investments of 12 of the world’s wealthiest people are accountable for generating annual energy emissions equivalent to 2.1 million homes, according to a report.
November 30, 2023
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