News
Carbon Pricing
April 07, 2025
Shipping 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.
November 13, 2024Fossil fuel carbon emissions hit record levels in 2024, report says
The latest Global Carbon Budget report forecasts that both fossil fuel-related carbon emissions and total global carbon emissions will hit historic highs this year, with further increases expected.
September 27, 2024AirAsia to implement mandatory carbon fee starting next year
Malaysia's AirAsia, plans to impose a mandatory carbon fee on passengers starting next year, pending approval from the respective countries on its routes. If successfully implemented, this will be a first for a Malaysian national airline.
September 18, 2024Singapore companies face 'minimal impact' from carbon tax hike: Survey
Starting this year, Singapore has increased its carbon tax to SGD 25 per ton (about 19 USD) and announced plans for further increases, aiming to encourage companies to accelerate their carbon reduction efforts.