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Indonesia slashes its 2030 target for carbon emissions from the power sector and boost its renewable energy generation share in a draft roadmap released on Nov. 1 for $20 billion in financing from rich nations to wean off coal.

South Korea’s SK Group will reinforce its partnership with the Vietnamese government to boost eco-friendly business in areas ranging from carbon capture to waste recycling, solar and wind power.

Retreated from carbon trading for over a decade, Barclays Plc is trying to come back to market and appointed a veteran of Shell Plc, Oliver Morning, to run the operations, according to Bloomberg report.

Bloomberg New Energy Finance (BNEF)’s latest outlook report has predicted that the global carbon market is set to exceed $800 billion this year, marking a 5% year-over-year growth, even though trade volumes have fallen due to Russia’s war in Ukraine.

Indonesia is finalizing a regulation that will open up carbon capture and storage (CCS) projects to more industries and allow greenhouse gases from other countries to be stored in Indonesia, a government official said on Oct. 31.

According to an outlook report by S&P Global Commodity Insights, that the world is not making enough progress to achieve the necessary CO2 reductions by 2050 in the carbon capture, utilization, and storage (CCUS) market.

Indonesia Carbon Exchange (IDX Carbon) has outpaced the performance of similar exchanges in Malaysia and Japan since its initiation on September 26.

South Korea’s SK Group subsidiaries SK IE Technology Co., SK Innovation Co. and Lotte Chemical have announced their partnership by signing a memorandum of understanding on Oct. 23 with the goal of entering the carbon capture market.

Japanese electronics giant Panasonic has announced that its automotive systems factory in Penang, Malaysia is now operating as a net-zero carbon emission plant.

Malaysia’s Parliament on passed a law on 11 October that will require the biggest energy consumers to implement power-saving measures, as it looks to reduce its energy consumption and carbon emissions.

Indonesian government has launched a road map for low-carbon tourism and hopes that this road map will guide the tourism industry towards achieving carbon neutrality.

Thailand Board of Investment (BOI) prepares to implement measures to support carbon credits, paving the way toward achieving 'Net Zero' and providing additional special benefits.