News
Carbon Market
August 12, 2024
Heat pumps could help cut China’s building CO2 emissions by 75%, says IEA
Wider adoption of heat pumps could accelerate decarbonisation of heating in China’s carbon-intensive buildings and light industry sectors, a report by the International Energy Agency (IEA) says.
August 05, 2024Will ‘loss and damage’ climate funding reach ocean communities?
The compensation fund could help fishers from small island and coastal states, but many challenges remain.
June 07, 2024ICVCM announces first batch of approved carbon credit methodologies
The Integrity Council for the Voluntary Carbon Market (ICVCM) has announced the first batch of carbon credit methodologies to pass their review.
May 28, 2024Masidi says Sabah's first carbon credit trading will gradually yield tangible benefits
It will take some time for Sabah to realize the tangible benefits from trading its first carbon credits from the state rainforest, said state Finance Minister Masidi Manjun.
May 24, 2024U.S. regulator to issue carbon credit guidance to combat greenwashing and market turmoil
To mitigate the turmoil in the carbon credit market caused by the frequent occurrence of greenwashing incidents, the U.S. Commodity Futures Trading Commission (CFTC) is expected to finalize guidelines for carbon credits as early as September. These guidel
May 13, 2024Shell accused of selling 200 million of “phantom carbon credits”
Energy giant Shell is accused of selling "phantom carbon credits" through a Canadian carbon capture project, which not only generated an additional revenue of 200 million Canadian dollars (about 140 million USD) but captured only half of the amount claime
May 08, 2024Expert expects positive market signal as Verra’s Verified Carbon Standard gets ICVCM approval
Verra, a nonprofit organization that sets standards for environmental and social markets, announced on May 2 that its Verified Carbon Standard (VCS) Program has received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM).
May 07, 2024Indonesia revokes license of the largest forestry offsets project in the world
Indonesia's Ministry of Environment and Forestry has struck a blow to the Rimba Raya project on Borneo Island, one of the world's largest carbon offset initiatives, by revoking its license due to violations of local regulations.
April 26, 2024China's carbon price hit 100 yuan for first time as regulations tighten
China's carbon price has surpassed 100 yuan for the first time since the market's launch in mid-2021, as major polluters ramp up purchases ahead of the implementation of stricter standards.
April 03, 2024Malaysia’s new moratorium unexpectedly propels rise of green steel
The green steel supply chain is gradually starting up in Malaysia, largely due to stricter government policies related to decarbonization. One of these policies is a two-year moratorium on all expansion and diversification of manufacturing activities in t