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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.

All Filipinos can expect affordable power if the government remains committed to current energy policies that seek to promote the development of renewable energy, the former DOE Undersecretary said.

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

Indonesia has the potential to become one of the world's largest solar panel suppliers by utilizing its reserves of silica sand or quartz sand, Minister of Investment said.

Tesla drivers with home solar panels and a Powerwall charger now have a new option to exclusively charge up their electric vehicle with excess solar energy.

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

Beverage giants Britvic and Carlsberg both announced last week that they had entered into renewable power purchase agreements.

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.

India is considering exporting electricity to Southeast Asian countries through Myanmar and Thailand, while using its renewable energy resources to promote its influence.

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