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Localities throughout Vietnam are undertaking activities to develop the carbon credit market.

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).

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.

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.

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

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

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.

Singapore has launched a $60 million lab to drive research and development in low-carbon technologies to help achieve net-zero emissions by 2050.

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.

The European Union continues its relentless campaign against corporate greenwashing, with its latest move aimed at the major carbon emitter aviation industry.

Vietnamese government proposed to amend and supplement the "Regulations on reduction of greenhouse gas (GHG) emissions and protection of the ozone layer". There is significant attention regarding details of GHG inventory and emission quota allocation.

Pattaya City took a significant step forward on Apr. 25 by introducing electric pickup trucks, Hilux Revo-e, for trial service known as the Song Taew, in a bid to revolutionize public transportation and address pollution.