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Vietnam’s carbon market is gradually taking shape as Prime Minister Pham Minh Chinh officially approves the national blueprint, establishing both mandatory and voluntary markets, with full implementation expected by 2029.

To assist the aviation industry in its decarbonization efforts, the Thai government and businesses are focusing on Sustainable Aviation Fuel (SAF). Two major oil companies in Thailand have partnered with Japanese firms to increase raw material supply.

Sarawak, Malaysia, is determined to become ASEAN’s green hydrogen hub, leveraging its abundant hydropower resources and international collaborations to build a low-carbon hydrogen supply chain.

On Feb. 4, LEGO announced an investment of approximately DKK 19 million (about 2.6 million USD) in four carbon removal projects. The Danish toy giant aims to secure carbon credits through these initiatives as part of its commitment to achieving net-zero.

To achieve its net-zero target, the Malaysian government is adopting various carbon reduction technologies, with carbon capture set to present a development draft in March to help hard-to-decarbonize industries transition.

To increase public awareness of the carbon tax, the Thai government has teamed up with Chulalongkorn University and two major oil companies.

Global carbon emissions are expected to reach a new high in 2024, while the growth of the carbon credit market has stalled. However, the outlook for 2025 remains optimistic, as countries and companies continue to raise their emission reduction targets.

Indonesia's state-owned electricity company PLN revealed that the cost of carbon storage is still much higher than setting up renewable energy power plants. However, PLN remains optimistic about the long-term economic benefits.

Turning carbon-cutting pressures into growth opportunities is critical for Chinese businesses, write two researchers.

Thailand’s cabinet approves a carbon tax rate of 200 baht ($5.88) per ton of carbon emissions. Deputy Finance Minister Paopoom Rojanasakul stated in an official announcement that the carbon tax will be integrated into the existing petroleum tax structure.

Indonesia's carbon market officially opened to international buyers on Jan. 20, with over 40,000 tons of carbon dioxide equivalent (CO2e) traded on the first day.

To meet corporate carbon reduction goals, Malaysia's ship service company Keyfield International has completed the installation of a solar photovoltaic system on its largest work barge, setting a national record for the scale of the equipment.