News
Carbon Pricing
April 18, 2024
Thailand gears up for Climate Change Act amidst optimism and skepticism
Thailand is preparing to introduce the Climate Change Act. Assistant Minister of the Ministry of Natural Resources and Environment, Rachata Phisitbanakorn, mentioned in a seminar this month that the law may come into effect this year.
April 08, 2024Thailand promotes rubber plantation carbon credits for sustainable agriculture
Rubber Authority of Thailand has launched a rubber plantation carbon credit program with the goal of achieving carbon neutrality for 3.2 million hectares of registered rubber plantations in the country and further converting them into carbon credits for s
April 03, 2024Vietnam’s ministry says carbon credits are sold at acceptable price
There is widespread belief that Vietnam is undervaluing its carbon credits, priced at just $5 each, but the Ministry of Agriculture and Rural Development (MARD) has refuted these claims.
March 14, 2024Carbon fee for air travel up to airlines, says Mavcom
The Malaysian Aviation Commission (Mavcom) is reviewing the Malaysian Aviation Consumer Protection Code 2016 (MACPC) to align with the impending introduction of carbon fee for air travel, expected to be implemented as early as April this year.
March 01, 2024Carbon emission trading is best for Philippines: business group
The Philippine government is currently deliberating on how to implement carbon pricing, considering options between a carbon tax or an Emissions Trading System (ETS). The influential Makati Business Club (MBC) has publicly supported the latter and emphasi
February 21, 2024Taiwan's carbon fee exemption sparks debate as government, industry, academia urge fair competition
A forum titled “Carbon Levy and Sustainable Governance” took place on Feb. 20 in Taipei to facilitate exchanges among industry, government, academia, and research institutes on the topic of carbon pricing.
February 19, 2024Singapore airfares set to rise from 2026 over green fuel requirements
The Singaporean government plans to require all departing flights to use sustainable aviation fuel starting in 2026. This move is widely believed to increase costs for airlines, which may be passed on to passengers.
February 06, 2024Thai electric truck registrations surge tenfold in anticipation of EU carbon tariffs
In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.
January 16, 2024Indonesia’s OJK optimistic about carbon exchange growth in 2024
Indonesia’s Financial Services Authority (OJK) is optimistic that carbon exchange will continue to grow in 2024. As of Nov 30 in 2023, the trading volume on IDX Carbon reached 494,000 tons of CO2e, with a transaction value of IDR 30.91 billion.
January 15, 2024Thailand ready for carbon tax, aligning with World Bank's five principles
Thailand is preparing to join the league of countries implementing a carbon tax. Ministry of Finance revealed that the department has been collaborating with both domestic and international organizations to draft carbon tax regulations.