News

The European Commission is expected to unveil its 2040 climate target on July 2. The proposal includes a controversial move to allow EU member states to use international carbon credits.

To encourage greater corporate participation in voluntary carbon markets, the governments of Singapore, the United Kingdom, and Kenya have launched the Coalition to Grow Carbon Markets, the first government-led initiative of its kind.

Vietnam has taken a significant step in developing its carbon market, unveiling pilot emissions trading plans for three major carbon-intensive industries.

Verra, an international carbon credit verification body, announced a new certification methodology that allows emissions reductions from early coal plant shutdowns to be converted into carbon credits.

Vietnam is set to launch a pilot carbon credit trading scheme this year, with regulations still under development regarding the percentage of emissions that businesses can offset using carbon credits.

Since the German election took place in February, which saw the centre-right Christian Democratic Union (CDU) win the most seats, parties have been negotiating to form a new coalition government.

Singapore is steadily expanding its network of carbon credit trading partners, having signed cooperation agreements with both Peru and Chile within a week.

Pressure is mounting within the European Union to ease climate regulations, with influential lawmakers calling for a lower 2040 emissions target.

The International Maritime Organization’s Marine Environment Protection Committee (MEPC) kicked off a five-day meeting on April 7, focusing on technical regulations, energy efficiency, and pollution in the shipping industry.

To stimulate its carbon trading market, Thailand is revising regulations to relax cryptocurrency oversight. The proposed changes would allow the tokenization of carbon credits, carbon allowances, and renewable energy certificates using blockchain.