News
Carbon Market
November 01, 2023
BloombergNEF 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.
July 24, 2023Activists urge Indonesia to push for fairer carbon market
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.
July 21, 2023Tanzania carbon credit projects draw $20B: the growing value of Africa
Voluntary carbon market is gaining momentum in Africa, with Tanzania revealing that it will receive over $20 billion investment for carbon offset credits.
July 17, 2023Analysts cut EU carbon price forecasts on weaker power demand
Analysts have trimmed average price forecasts for EU carbon permits on expectations of lower demand from the power sector as renewable generation increases.
July 12, 2023Malaysia’s national carbon policy expected to be enacted this year
Malaysia ‘s National Carbon Policy, which aims to provide guidance on carbon trading at the state level, is expected to be ready for carry out this year.