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".
$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,…
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
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.
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.
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.
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.
Indonesia unveils regulation to boost renewable energy use
Indonesia issued a regulation to encourage renewable energy use including a plan to retire some coal plants early.
BYD to build 150,000 cars a year in Thailand
BYD, China’s top electric vehicle producer, will make Thailand its first production hub in Southeast Asia.
Thai stock exchange plans to set up carbon credit market
The Thailand Stock Exchange (SET) has plans to introduce a carbon credit market to encourage the adoption of corporate sustainability goals
PUB raises S$800 million in inaugural green bond issuance
Singapore's National water agency PUB has raised S$800 million through its inaugural green bond issuance. Proceeds from these bonds will finance projects to strengthen Singapore’s water security and sustainability.
Thailand brings its carbon neutral, net zero dreams forward
Thailand is accelerating plans to become carbon neutral and achieve the net-zero emission target by 2050 and 2065, respectively.