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Singapore has become the first country to sign a letter of intent (LOI) with Indonesia on cross-border collaboration on carbon capture and storage (CCS) following a new Indonesian law to allow it.

East Ventures and The Indonesian Chamber of Commerce and Industry launched ECOVISEA. The platform acts as a free web-based global greenhouse gas (GHG) calculator.

FPT Group has announced its cooperation with Carbon EX, a Japanese carbon credit trading platform, to develop carbon market in Vietnam and establish carbon credits that meet international standards and provide solutions for green transformation.

Afforestation is one of the most direct ways to increase carbon sink. Vietnam planted nearly 770 million trees in 2021-2023, achieving 77% of its goal to plant one billion trees in the 2021-2025 period.

CarbonPool is set to be the first insurance company in the world with a carbon credit balance sheet. The firm announced the closure of a $12 million funding round on Jan. 29.

CATL has received approval to construct its first offshore wind farm. Additionally, it has been discovered that the company has also established a carbon asset management company, signaling its commitment to a significant development in CCU technology.

Microsoft signed another carbon removal agreement to help accelerate its climate goals. The tech giant made a deal with Grassroots Carbon, a startup offering nature-based soil carbon storage solutions, for soil carbon removal drawdown credits.

In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.

Decarbonization is considered the biggest challenge to the sustainable development of the aviation industry. Unexpectedly, the supply of Sustainable Aviation Fuel (SAF) is below expectations, causing anxiety among airline executives.

Massachusetts Institute of Technology (MIT) research team has presented a new carbon capture solution focusing on removing carbon dioxide (CO2) from the oceans worldwide.

Hyosung Group continues to expand its investments in Vietnam, recently venturing into low-carbon green products in Ba Ria-Vung Tau. The company is preparing to develop biodegradable fibers and Hydrotreated Vegetable Oils (HVO).

Indonesia has issued a presidential regulation regarding carbon capture and storage (CCS), allowing CCS operators to set aside 30% of their storage capacity for imported carbon dioxide.