News
Initiative
April 23, 2024
IETA unveils new guidelines for companies on carbon credits
The International Emissions Trading Association (IETA) has release new guidance for businesses looking to use carbon credits in their pursuit of climate goals.
April 19, 2024SBTi rule relaxation signals turning point for carbon credit market: TCX
The new statement from the SBTi indicates that carbon credits have now reached a turning point, with demand expected to significantly increase, according to Tian Jian-zhong (田建中), general manager of Taiwan Carbon Solution Exchange (TCX).
April 17, 2024SBTi releases an official clarification to its Scope 3 statement
Considering the recent controversies surrounding the Science Based Targets initiative (SBTi) changing its stance on offsetting Scope 3 emissions, the Board of Trustees has issued an additional clarification to its initial statement.
April 12, 2024SBTi rules relaxed set to boost the carbon credits market
The Science Based Targets initiative announced that it will allow the use of carbon credits to reduce emissions from Scope 3. Draft guidelines for the new policy, which will inform a revised Corporate Net Zero Standard, are set to be published July.
April 10, 2024Global oil giants plan to storage huge amounts of CO2 in Southeast Asia
Carbon dioxide storage is emerging as a potential multi-billion-dollar revenue stream for oil giants like Exxon Mobil and Shell, which are under pressure to rein in the unfettered burning of fossil fuels.
April 01, 2024Machine tool industry seeks green transition amid booming carbon market
Verification agencies, consulting firms, and agri-food industry players of Taiwan gathered at a forum held on March 28 to share insights on corporate sustainability and carbon reduction from three different perspectives.
March 22, 2024Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges
The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 19, 2024South Korea industry giants accused of greenwashing over double counting
Two major South Korean corporate giants have been accused of greenwashing over improperly claiming greenhouse gas emissions reduction. The companies were reported to Korea Fair Trade Commission and Korea Environmental Industry and Technology Institute. Th
March 19, 2024Public and private sectors join forces to explore carbon reduction solutions
Business Today held the 4th ESG Sustainability Taiwan International Summit in Taipei on March 18, inviting government bodies as well as Taiwanese companies to share their low-carbon practices.
March 12, 2024Rapid decline of blue carbon in Southeast Asia due to human activity
Southeast Asia’s beaches have long captivated tourist’ attention, yet few have recognized another potential of its vast coastline: the ability of its rich marine life to reach carbon neutrality.