News

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.

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

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.

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.

Due to doubts about the effectiveness of forest carbon offset, major carbon buyers such as airlines are beginning to avoid the trading 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.

The UAE startup "Blue Carbon" is quietly developing forest carbon credits worldwide. Through collaborations with 5 African countries, the land area involved is nearly equivalent to the size of United Kingdom.

European governments will auction 244 million EU carbon permits from January to August next year under the bloc's ETS, the European Commission announced on November 16.

In line with measures announced by the EU, the UK also plans to implement a carbon border tax starting from 2026.

Retreated from carbon trading for over a decade, Barclays Plc is trying to come back to market and appointed a veteran of Shell Plc, Oliver Morning, to run the operations, according to Bloomberg report.