News
Carbon Market
December 20, 2023
Scramble for African forests looming for carbon credits
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.
November 17, 2023EU to auction 244 million carbon permits from Jan-Aug 2024
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.
November 17, 2023UK plans to introduce carbon border tax in 2026 following EU’s CBAM
In line with measures announced by the EU, the UK also plans to implement a carbon border tax starting from 2026.
November 03, 2023Barclays rebuilds carbon trading desk amid global net-zero push
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.
November 01, 2023BloombergNEF expects global carbon market hits $800 billion in 2023
Bloomberg New Energy Finance (BNEF)’s latest outlook report has predicted that the global carbon market is set to exceed $800 billion this year, marking a 5% year-over-year growth, even though trade volumes have fallen due to Russia’s war in Ukraine.
October 16, 2023BOI announces initiatives for measures to support carbon credits, clearing the path to achieve 'Net Zero' goals
Thailand Board of Investment (BOI) prepares to implement measures to support carbon credits, paving the way toward achieving 'Net Zero' and providing additional special benefits.
October 04, 2023Green economy to be among Indonesian government’s policy directions
Indonesia’s Deputy Minister of Finance has said that the green economy will be one of the focuses of government’s policy in the coming years.
July 31, 2023Supply shortages, poor data quality are main barriers for China’s carbon market
Poor quality data and supply shortages remain key hurdles for China’s national carbon ETS. The world’s largest carbon market has seen lower-than-expected trading volume and weak carbon prices in the past year.
July 27, 2023Vietnam considers domestic carbon trading market to promote green transaction
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.
July 27, 2023ICVCM set global standards to bring transparency to the voluntary carbon market
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.