News
Carbon Pricing
February 06, 2024
Thai 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.
January 03, 2024Singapore’s electricity prices rise due to higher carbon tax
Singapore’s gas and electricity prices have risen due to the impact of higher carbon tax, goods and services tax (GST) increments, and rising energy costs.
December 28, 2023Philippine Congressional think tank questions need for carbon tax
The latest report from Philippine Congress think tank indicates that the Philippines has relatively lower carbon emissions, suggesting that imposing a carbon tax may not be necessary.
December 28, 2023Vietnam earns more than $41 million from selling forest carbon credits
Vietnam has received more than 41 million U.S. dollars from selling forest carbon credits as part of an emission reduction deal with the World Bank. The money is transferred to localities to pay locals and communities to protect forests.
December 22, 2023Germany approves 50% hike in its carbon price next year
On Friday, Germany approved the plan to raise the price on carbon dioxide emissions by more than agreed on previously on Dec. 15. The country currently has a levy on CO2 emissions from fuel of 30 euros per ton of CO2.
December 19, 2023UK to launch carbon brooder tax on imports by 2027
Britain will introduce a new carbon import levy on certain products from 2027 to protect local businesses against cheaper imports from countries with less strict climate regulations, the government announced on Dec. 18.
December 12, 2023Taiwan exchange set to kick off trading for first batch carbon credits
The Taiwan Carbon Solution Exchange (TCX) will start trading carbon credits on Dec. 22, offering international credits from seven countries in Asia, Africa, and South America at a price of US$5 to US$15 per metric ton of CO2 equivalent.
December 08, 2023Indonesia’s carbon storage ambition could be a risky business
Indonesia officially launched its first Carbon Capture and Storage (CCS) project at the end of November. However, experts believe that Indonesia faces significant risks in becoming a hub for carbon storage.