News
Carbon Market
April 02, 2024
Vietnam Rubber Group evaluates rubber forest carbon for commercialization
The Vietnam Rubber Group (VRG) is optimistic about the carbon market. As outlined in its "2024 Green Growth and Sustainable Development Action Plan" announced on March 27, VRG will assess the feasibility of developing carbon credits from rubber forests.
March 26, 2024Vietnam seeks buyers for 5 million credits as forest carbon offset exceeds expectations
Vietnam’s carbon offset amount is beyond expectation. The government plans to sell the remaining 4.91 million of carbon credits with the help of World Bank in finding potential buyers or piloting auctions on international platforms.
March 25, 2024Indonesia to announce carbon emission caps to revitalize carbon credit market
Indonesia Ministry of Environment and Forestry has announced its intention to soon implement the Technical Approval for Emission Limits (PTBAE) set by the Minister of Energy and Mineral Resources (ESDM) and strongly believed that this regulation can enhan
March 25, 2024UK regulator can fine up to 10% of global turnover for greenwashing
In the UK, 40% of large businesses face hefty fines for greenwashing in 2024, as stringent consumer protection regulations implemented by the Competitions and Markets Authority and the EU take effect.
March 20, 2024CCS market size projected to grow by 104.5 million tons by 2027
Carbon Capture and Storage market is forecasted to increase by 104.5 million tons from 2023 to 2027. Additionally, the market is expected to grow at a CAGR of 22.91% during the forecast period.
March 05, 2024Vietnam plans to set carbon emission quotas for cement and steel industries
After selling a considerable of carbon credits through the World Bank, the Vietnamese government is more optimistic about the prospects of the carbon credit market. According to statistics, Vietnamese corporations and organizations generate 41 million car
February 26, 2024World's most expensive carbon credits in Thailand's first forest initiative
The Bank for Agriculture and Agricultural Cooperatives (BAAC) in Thailand has bought 400 tons of carbon credits at what is considered the world's highest price for such a project.
January 25, 2024Analysts lowered EU carbon price forecasts due to weak power sector demand
Analysts have cut price forecasts for European Union carbon permits for 2024 to 2026, predicting that weak demand from power plants and sluggish industrial demand will impact the market.
December 26, 2023Carbon credit futures fall 90% as major buyer shun the market
Due to doubts about the effectiveness of forest carbon offset, major carbon buyers such as airlines are beginning to avoid the trading market.
December 25, 2023UK’s new CCUS Vision to create competitive carbon capture market
The UK government announced its new vision to create a carbon capture market by 2035. The plan, called the CCUS Vision, outlines a competitive UK carbon capture, usage and storage market aimed at generating new jobs and supporting its net zero goal.