News
News
February 26, 2024
World's most expensive carbon credits in Thailand's first forest initiative
The Bank for Agriculture and Agricultural Cooperatives (BAAC) in Thailand has bought 400 tons of carbon credits at what is considered the world's highest price for such a project.
February 22, 2024
Tesla achieves record breaking sales of $1.79 billion from carbon credits
Tesla earned $1.79 billion from carbon credit sales last year, as disclosed in its Q4 2023 and annual financial report, bringing its total earnings from such credits since 2009 to nearly $9 billion.
February 17, 2024
Vietnam’s FPT works with Japan’s Carbon EX to compete in the carbon market
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.
February 07, 2024
Climate experts raise $12 million for the world’s first carbon credit insurance company
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.
February 06, 2024
Microsoft buys soil carbon storage credits from nature-based startup
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.
January 25, 2024
Vietnam's first carbon credit program starts this fall
Lilama 2 College has announced its collaboration with British-based Pearson BTEC, to introduce a carbon credit academic program, and become the first educational institute in Vietnam to offer a carbon credit academic program.
January 16, 2024
Indonesia’s OJK optimistic about carbon exchange growth in 2024
Indonesia’s Financial Services Authority (OJK) is optimistic that carbon exchange will continue to grow in 2024. As of Nov 30 in 2023, the trading volume on IDX Carbon reached 494,000 tons of CO2e, with a transaction value of IDR 30.91 billion.
December 28, 2023
Vietnam earns more than $41 million from selling forest carbon credits
Vietnam has received more than 41 million U.S. dollars from selling forest carbon credits as part of an emission reduction deal with the World Bank. The money is transferred to localities to pay locals and communities to protect forests.
December 26, 2023
Carbon credit futures fall 90% as major buyer shun the market
Due to doubts about the effectiveness of forest carbon offset, major carbon buyers such as airlines are beginning to avoid the trading market.
December 22, 2023
Singapore’s first public sector sustainability report: no bottled water
Singapore is leading other Southeast Asian countries by releasing its first government sustainability report. Besides carbon reduction achievements, the government has announced the gradual elimination of single-use items.
