News
May 08, 2024
Expert expects positive market signal as Verra’s Verified Carbon Standard gets ICVCM approval
Verra, a nonprofit organization that sets standards for environmental and social markets, announced on May 2 that its Verified Carbon Standard (VCS) Program has received approval from the Integrity Council for the Voluntary Carbon Market (ICVCM).
May 08, 2024
Vietnamese localities expand efforts to develop carbon credit market
Localities throughout Vietnam are undertaking activities to develop the carbon credit market.
May 07, 2024
Only 13% of carbon credit buyers have SBTi-approved net zero targets: MSCI
Most companies purchasing carbon credits have not been made net-zero pledges approved by SBTi. According to MSCI Carbon Markets, over the past decade, only 13% of companies using carbon credits have set long-term carbon reduction targets. The report furth
May 07, 2024
It’s crucial to build carbon credit management mechanism: Vietnam’s Prime Minister
Vietnamese Prime Minister Pham Minh Chinh recently issued a directive emphasizing the urgent need to establish a carbon credit management mechanism, which aims to help local businesses better grasp the carbon market and meet the Nationally Determined Cont
May 07, 2024
Gulf Energy aims to lower power bills in Thailand with 25 new solar farms
Gulf Energy Development anticipates that the establishment of 25 new solar farms will aid the government in more effectively regulating electricity prices, potentially resulting in reduced power bills.
May 07, 2024
Indonesia revokes license of the largest forestry offsets project in the world
Indonesia's Ministry of Environment and Forestry has struck a blow to the Rimba Raya project on Borneo Island, one of the world's largest carbon offset initiatives, by revoking its license due to violations of local regulations.
May 06, 2024
EU targets greenwashing in aviation industry amid growing environmental concerns
The European Union continues its relentless campaign against corporate greenwashing, with its latest move aimed at the major carbon emitter aviation industry.
May 06, 2024
Alibaba's Vietnam data center plan spurs local firms to find carbon reduction solutions
Chinese tech giant Alibaba plans to construct a data center in Vietnam to comply with local regulations. However, data centers considered high-energy-consuming industries drawing attention on energy efficiency and carbon emission reduction.
May 06, 2024
Singapore launches new corporate lab for low-carbon technologies
Singapore has launched a $60 million lab to drive research and development in low-carbon technologies to help achieve net-zero emissions by 2050.
May 06, 2024
Researchers create device to consume CO2 to generate electricity
Australian researchers have built an electrical generator that consumes carbon dioxide, produces electricity, and emits no exhausts. They believe this technology could revolutionize industrial-scale carbon capture method.
