Vietnam considers domestic carbon credit exchange
The initiative aims to boost centralisation, transparency, and overall efficiency in managing carbon credit related transactions, according to the government.
Singapore to propose mandatory climate reporting
Singapore's listed companies could make mandatory climate-related disclosures from FY2025, followed by large non-listed companies from FY2027. Nation-wide capacity building initiatives are set to roll out by 2024.
Indonesia, Malaysia have cut deforestation in half since 2015
Indonesia and Malaysia have cut deforestation by more than half in recent years, a new report shows.
Climate Impact X goes live, launches Nature X contract
Singapore-based Climate Impact X (CIX) launched its voluntary carbon exchange, hitting a key milestone in its ambition to be a global price setter.
Ieta launches Asia hub in Singapore
The International Emissions Trading Association (Ieta) has launched its Asia hub in Singapore on Thursday (Jun 8).
Singapore and Vietnam sign MoUs on energy, carbon credits
The memorandum of understanding on carbon credits collaboration is the first to be signed between Singapore and an ASEAN member state.
Vietnam approves plan to realise net-zero goal by 2050
The Ministry of Natural Resources and Environment has issued a plan on ways to realise Vietnam’s commitment to cutting emissions to net zero by 2050
Thailand to introduce carbon tax in three major sectors
Thailand is planning to impose a carbon tax on three major sectors of the economy: transport, energy and industry.
Indonesia’s IDX to launch carbon exchange in August
The Indonesia Stock Exchange (IDX) is set to launch the its carbon trading platform in August, according to the Indonesian Carbon Trading Association.
Singapore, Indonesia sign $50Bn MOU on renewable energy
The Green Corridor Project will support the development of renewable energy projects in Indonesia for domestic needs and for export to Singapore.
Indonesia launches first phase of long-awaited ETS
Indonesia’s decarbonisation efforts took a major step as the government launched the first phase of mandatory carbon trading for coal-fired power plants.
GFIT proposes pathway for high-emitters to finance transition
Singapore's Green Finance Industry Taskforce (GFIT) has proposed a path for high-emissions industrial activities to qualify for sustainable financing.
Singapore to release list of eligible credits for tax scheme
A list of acceptable international carbon credits that are eligible to offset Singapore companies’ taxable carbon emissions will be published later this year.
Indonesian residents file climate case against Holcim
The case, filed in a Swiss court, is the first filing against a Swiss company and follows a civil case first initiated against Holcim in July last year.
Singapore, Malaysia deepen cooperation on carbon markets
The two sides will exchange information on carbon markets, collaborate on carbon credits projects, and look at developing regional decarbonisation.
WEF signs partnership with Indonesia on blue carbon
The partnership is the first of a series being initiated by the World Economic Forum’s (WEF) Ocean Action Agenda on high-quality blue carbon credits and projects.
Malaysia may stop palm oil exports to EU after new curbs
The announcement was made in response to a new EU law aimed at protecting forests by strictly regulating sale of the product.
Carbon Streaming provides update on Rimba Raya project
Rimba Raya is the first REDD+ carbon project validated under Reg 21, which establishes a framework for domestic and international carbon trading in Indonesia
Sime Darby Plantation announces 2050 net-zero commitment
Sime Darby Plantation (SDP), a Malaysian leading producer of palm oil, has laid out a strategy to achieve net-zero emissions across its value chain by 2050.
Malaysia launches first shariah-compliant carbon exchange
The Bursa Carbon Exchange (BCX) was launched by Bursa Malaysia and will enable the auction and trade of voluntary carbon credits.
Singapore waives goods and services tax on carbon credits
The Inland Revenue Authority (Iras) said carbon credits issued, transferred or sold will be treated as “neither a supply of goods nor a supply of services".
15m tons of REDD+ carbon credits to be sold by Cambodia
Cambodia agreed to sign contracts with international corporate buyers for about 15 mt of Verified Emission Reductions from the country’s landmark REDD+ projects
Singapore makes GCC credits eligible for compliance market
The Global Carbon Council (GCC) is the third registry - following Verra and Gold Standard - vetted to issue credits valid for up to 5% of compliance obligations
$20Bn Just Energy Transition Partnership launched in Indonesia
This JETP is the second of its kind after the launch of the JETP with South Africa at the COP26 in Glasgow. It unites financing from the EU, US, UK,…
UOB commits to net-zero by 2050
The Singapore-based United Oversears Bank (UOB) has committed to net-zero by 2050 to help the ASEAN transition to a sustainable economy.
ADB directs $5Bn in climate aid to Central and West Asia
The Asian Development Bank (ADB) issued $5Bn in loans tagged as 'climate aid', as the institution aims to refocus more capital on climate change in the region.
Kazakhstan signs $50Bn hydrogen agreement with Svevind
Kazakhstan will be able to export one-fifth of the EU's green hydrogen import targets by 2030, with the new 20 GW plant in Mangystau region.
Thailand rolls out carbon credit trade platform
The Federation of Thai Industries (FTI) has launched a carbon credit platform to encourage entrepreneurs to reduce carbon dioxide emissions.
Hong Kong close to setting up voluntary carbon platform
Hong Kong is close to establishing an exchange-based voluntary carbon credits trading market, according to the city’s bourse operator.
Krungsri partners with Zeroboard to support decarbonization
Krungsri (Bank of Ayudhya PCL) moves forward to support customers’ decarbonization journey by synergizing with Zeroboard Inc., a Japanese startup.
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