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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, 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 07, 2024It’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 06, 2024Alibaba'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 02, 2024Equinix inks PPA with Sembcorp in Singapore to power data center
Colocation company Equinix has entered into a solar power purchase agreement (PPA) with Sembcorp in Singapore to supply renewable energy to its data center.
April 29, 2024Vietnam may allow businesses to buy green power without EVN’s involvement
Vietnamese Ministry of Industry and Trade (MOIT) has proposed that the government allow manufacturing businesses to buy electricity directly from renewable energy sources, regardless of the involvement of the Vietnam Electricity Corporation (EVN).
April 25, 2024EU offers $30 million for carbon removal project proposals
The European Commission has announced a $30 million call for proposals to provide funding support for carbon removal projects in the region.
April 24, 2024Micro hydro power plant brings light to village in West Java
The Gununghalu village, situated in Indonesia's West Bandung Regency in West Java, serves as an exemplary model for achieving renewable energy independence, with implications applicable worldwide.
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.
April 23, 2024IETA 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.