News
Carbon Pricing
May 23, 2025
Updated: European Parliament supports CBAM amendments
On May 22, the European Parliament voted in favor of proposed amendments to the Carbon Border Adjustment Mechanism (CBAM), originally introduced by the European Commission in February.
April 28, 2025Canada election: Trump’s threats spur push to diversify oil exports beyond U.S.
Canada's federal election will take place on April 28, with a new Prime Minister set to be elected. This election has seen energy issues come to the forefront, largely due to repeated threats from U.S. President Donald Trump.
April 14, 2025IMO reaches initial deal on first global shipping carbon pricing
The United Nations’ International Maritime Organization (IMO) on April 11 reached a historic deal on the world’s first carbon pricing mechanism for the shipping industry.
April 07, 2025Shipping faces crossroads with carbon pricing as global talks begin
The International Maritime Organization’s Marine Environment Protection Committee (MEPC) kicked off a five-day meeting on April 7, focusing on technical regulations, energy efficiency, and pollution in the shipping industry.
March 03, 2025Indonesia unveils plan for cap-and-trade carbon market targeting industrial sector
Indonesia's government is set to implement a cap-and-trade carbon trading system, with more details expected to be released in August this year.
February 04, 2025Thailand partners with oil companies, university to raise carbon tax awareness
To increase public awareness of the carbon tax, the Thai government has teamed up with Chulalongkorn University and two major oil companies.
January 22, 2025Updated: Thai cabinet approves carbon tax to tackle emissions
Thailand’s cabinet approves a carbon tax rate of 200 baht ($5.88) per ton of carbon emissions. Deputy Finance Minister Paopoom Rojanasakul stated in an official announcement that the carbon tax will be integrated into the existing petroleum tax structure.
December 24, 2024Singapore’s innovation turns concrete into carbon storage solution
Singapore has developed a 3D printing technology that not only produces concrete with better carbon sequestration capabilities but is also stronger and more durable than traditional materials.
December 06, 2024Thailand cuts taxes to encourage hybrid EV production
To expand the development of electric vehicles (EVs), the Thai government has passed a new tax system aimed at hybrid electric vehicles (HEVs) and mild hybrid electric vehicles (MHEVs), offering conditional excise tax reductions for manufacturers.
November 21, 2024CBAM may be revised to ease EU exporters' pain
The EU's CBAM, designed to address carbon leakage, has unintentionally hurt domestic exporters as well. EU officials recently indicated that they would assist exporters in coping with the impact.