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A Virgin Atlantic passenger jet powered by 100% sustainable aviation fuel (SAF) successfully completed a London-to-New York jaunt on November 28 to showcase the potential of low-carbon options that make up a tiny fraction of the industry's fuel mix.

Indonesia's president Joko Widodo launched the construction of a carbon capture, utilization and storage (CCUS) project in West Papua province operated by BP Plc on Nov. 24, making it the country’s first carbon storage project.

Japanese firms have agreed to develop a carbon capture and storage (CCS) project with Malaysian energy company Petronas which should begin commercial operations by the end of 2028, Japan Petroleum Exploration Co (JAPEX) said on November 20.

The Climate Change Commission of the Philippines and Maharlika Carbon Technologies signed a memorandum of cooperation last Friday to jointly promote voluntary carbon credits and sovereign carbon credits.

To alleviate carbon emissions, Ho Chi Minh City plans to invest 2.5 trillion VND (over $100 million) in installing rooftop solar PV systems on public agency buildings.

Ｗhere investors see risks in buying carbon credits that might not live up to their promise, insurers are seeing opportunity.

Taiwan’s TSMC and Pegatron have seen noticeable progress on supply chain decarbonization among 11 electronics suppliers with operations in East Asia, according to the latest report assessing decarbonization efforts by Greenpeace East Asia.

Business Weekly published survey results for Taiwan's top 100 firms' carbon competitiveness at Carbon Competitiveness Summit 2023 on Nov. 17. Report indicates 73% of these companies had higher stock prices than peers.

In line with measures announced by the EU, the UK also plans to implement a carbon border tax starting from 2026.

European governments will auction 244 million EU carbon permits from January to August next year under the bloc's ETS, the European Commission announced on November 16.

Carbon credits will take center stage at the upcoming UN climate talks, COP28, in Dubai at the end of this month. These credits, purchased by companies to offset their carbon emissions, allow them to consider consumed goods and services ‘carbon neutral’.

Indonesia's state energy firm, Pertamina, along with U.S. oil majors Exxon Mobil and Chevron Corp, is progressing in their discussions to invest in carbon capture facilities.