News
Carbon Pricing
August 26, 2024
Singapore firms turn to EV, clean cookstoves carbon credits from Ghana
To reduce carbon tax expenditures, Singaporean companies, under government encouragement, have begun focusing on developing carbon credits in Ghana.
August 20, 2024Malaysia aims to attract RM 300 bln of green investment by 2030
To advance its green economy, the Malaysian government has set ambitious goals, vowing to significantly increase green investment, with a target of reaching 300 billion ringgit (about 72 billion USD) by 2030.
August 13, 2024TotalEnergies supplies 100% cooking oil-based marine fuel for the first time in Singapore
A significant milestone has been achieved in the development of marine low-carbon fuels. On August 5, French energy giant TotalEnergies successfully introduced its first batch of 100% biofuel (B100) at the port of Singapore.
June 21, 2024A greenhouse gas shipping levy is on the horizon
A charge on emissions for cargo vessels would become the first global carbon price, but disagreements on system design and starting prices remain.
June 07, 2024Singapore to build more hydrogen compatible power plants to meet electricity demand
Anticipating continuous domestic growth in electricity demand, Singapore plans to add two more natural gas hydrogen-compatible power plants by 2030 to ensure stable and secure power supply.
June 06, 2024Thailand to introduce carbon tax in 2025, starting with oil sector
Following Singapore, Thailand will become the second ASEAN country to implement a carbon tax ahead of CBAM. Thailand plans to levy carbon taxes in 2025, aligned with the enactment of the “Global Warming Act”.
May 29, 2024Singapore, Ghana ink carbon credit agreement allowing firms to offset carbon tax
Companies in Singapore aiming to offset part of their carbon tax liability will soon be able to purchase carbon credits from projects in Ghana, following an agreement signed between the two countries on May 27.
May 27, 2024Indonesian carbon-offset startup aims to bring blue carbon to Japan and Singapore market
Indonesia has rich and diverse blue carbon resource. CarbonEthics, a local startup,is determined to bring blue carbon onto international trading platforms such as those in Singapore and Japan.
May 24, 2024Expert sees more room as global carbon pricing revenue hit record $104 bln
The World Bank released its "State and Trends of Carbon Pricing 2024" report on May 21, marking the first time Taiwan's carbon pricing policy has been included among the 75 operational carbon pricing instruments globally.
May 15, 2024Malaysia carbon exchange to auction first local nature-based carbon credits in July
The Malaysia Carbon Exchange (BCX) will auction its first batch of locally generated carbon credits on July 25. This event marks the expansion of its product offering to include local carbon credits in addition to global carbon credits.