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Indonesia's Pertamina signed four agreements to explore potential developments of carbon capture storage projects in the country. The largest economy in Southeast Asia is aiming to accelerate the realization of its renewable energy goals.

Koch Modular is rolling out a new carbon capture demonstration scale system called Project Enterprise. The project is poised to achieve a remarkable reduction in carbon emissions, expected to be at least 95%.

ICVCM outlined criteria for new voluntary standards on July 27 and hope to issue labelled credits by the end of the year to bring transparency to the unregulated marketplace.

The potential for a carbon market in Vietnam is huge. The growing need for efficient exchange and purchase mechanisms has sparked active discussions on establishing a domestic carbon credit exchange.

Japan’s Sumitomo Corporation has signed an initial agreement with UAE’s SNOC to develop a carbon capture project in the Emirates.

Indonesia and the UK signed an implementing arrangement to assist the Southeast Asian country in establishing carbon pricing.

Climate activists urge Indonesia to ensure that the global carbon market does not undermine genuine greenhouse gas emission reduction efforts ahead of the COP28 in Dubai.

Hedge fund manager Per Lekander, who has been historically bullish on carbon prices, is predicting that carbon credit prices will drop as Europe speeds up energy transition.

Voluntary carbon market is gaining momentum in Africa, with Tanzania revealing that it will receive over $20 billion investment for carbon offset credits.

Indian oil and gas companies are adopting CCUS technologies to achieve India's net zero target by 2070, as highlighted in the Ministry of Petroleum and Natural Gas report. ONGC, IOCL, BPCL, HPCL, and GAIL are leading the transition with ambitious net-zero

IATA, in collaboration with Atkins, has developed innovative digital tools for airports to estimate the embodied carbon associated with the construction of terminal buildings and aviation assets.

Analysts have trimmed average price forecasts for EU carbon permits on expectations of lower demand from the power sector as renewable generation increases.