News
Carbon Pricing
January 03, 2024
Singapore’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.
December 05, 2023Indonesia’s carbon market flats, even no trading
After IDX Carbon launch, Indonesia's trading volume briefly outpaced Japan and Malaysia. However, a British media found little activity over the past 2 months, contrasting the earlier surge.
November 29, 2023Sarawak first in Malaysia to enact climate change law
The Sarawak Legislative Assembly has passed the Environment (Reduction of Greenhouse Gases Emission) Bill on November 20, making it the first state to have legislation to address climate change.
November 13, 2023Vietnam prepares for carbon tariffs in 2025 for net-zero target
As carbon taxes and credits become more prevalent across global markets, Vietnam is seeking ways to demonstrate its responsibility in decarbonization and help local businesses adapt to change.