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Initiative
August 01, 2024
New SBTi research highlights importance of carbon credit quality, expert says
SBTi's draft on Scope 3 carbon credits is delayed, with a report showing most carbon credits fail to meet climate goals. Industry researcher warns that this highlights the increasing importance of carbon credit quality.
July 26, 2024Philippines to host LDF to amplify voices of climate-vulnerable nations
"The Philippines were ready to serve as the voice of the most vulnerable countries in the region and the world," Philippine Environment Secretary Toni Yulo-Loyzaga said on behalf of the president at the United Nations Framework Convention on Climate Chang
July 16, 2024Shipping industry struggles with decarbonization amid green fuel supply, policy challenges
The shipping industry is facing immense pressure to reduce emissions due to underdeveloped decarbonization technologies and tightening carbon tax policies. Major players like Maersk and Taiwan’s top shipping companies—Evergreen, Wan Hai, and Yang Ming—are
June 28, 2024Jurisdictional REDD+: A new frontier in carbon credit market
The acquisition methods for carbon credits are complex and varied. Now, a newer category, "Jurisdictional REDD+" (JREDD+), has emerged, potentially increasing market demand by six times and prices by up to fourfold compared to traditional REDD+.
June 14, 2024West African countries urge adding carbon offset to corporate net zero standards
In early June, ten West African countries wrote to the Science Based Targets initiative (SBTi), urging that carbon offsets be included in corporate net zero standards, allowing companies to offset their emissions.
May 13, 2024Eurostar pledges to achieve 100% renewable energy usage by 2030
The high-speed train service "Eurostar," spanning five European countries, has recently released its first sustainability report.
May 07, 2024Only 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 06, 2024EU 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.
April 24, 2024Global plastic treaty talks face uncertainty amid opposition from oil and gas producers
“Global plastic treaty” took place on Apr. 23 in Ottawa, where international representatives gathered to discuss on how to halt plastic pollution. However, with opposition from major oil and gas countries, reaching a consensus on the draft remains uncerta
April 23, 2024Indonesia expected to introduce new law to stimulate carbon trading market
To fully unleash the potential of the carbon credit market, Indonesian government plans to speed up the review of relevant regulations and introduce new laws in June.