Category Archives: News

Vietnam’s CT Group has signed a cooperation agreement on carbon emission reduction with Sustain.Life – an American carbon credit platform with a huge database of carbon emissions worldwide. The deal was inked on the sidelines of a visit by a high-ranking Vietnamese delegation to attend the ongoing APEC Economic Leaders’ Week in San Francisco. The […]

The calculation of emissions, particularly in the realm of energy consumption, is a complex process that requires careful consideration of various factors. Two primary methods, location-based and market-based emissions reporting, play a critical role in understanding your company’s carbon footprint. This article delves into the intricacies of both methodologies, offering insights into their distinct calculations […]

An official circular on measuring greenhouse gas emissions (GHG) is expected to be released this November, followed by training courses for businesses to comply with GHG control. Steel manufacturing is among the industries subject to greenhouse gas inventory reporting in Việt Nam. — VNA/VNS Photo Hoàng Nguyên Nhật Hồng HÀ NỘI — As carbon taxes […]

Climate-tech startups focusing on carbon and emissions technology garnered $7.6 billion in venture capital (VC) funding in the third quarter this year, surpassing the sector’s prior record by $1.8 billion and opposing the downturn trend in fundraising. The surge in climate-tech companies during the quarter was propelled by a series of large financing rounds supporting […]

To achieve global net zero goals by 2050, the world has to urgently fast track capturing 7 billion tonnes of carbon dioxide per year, according to Wood Mackenzie research. According to their analysis, the current pace of carbon removal is on course to reach only 2 billion tonnes of CO2 by 2050 (base case scenario). […]

Carbon Dioxide Removal (CDR) has seen a rapid growth in 2023 amid uncertainties and blows, and set a record high increase in purchases of 437% for the first half this year versus full-year 2022, data according to CDR.fyi. CDR.fyi is the largest open data platform dedicated to monitor CDR to inform market players and stakeholders […]

At the upcoming UN climate talks, COP28, in Dubai next month, carbon credits will take center stage. These credits, bought by companies to offset their carbon emissions, allow them to consider consumed goods and services ‘carbon neutral’. Carbon credits are from various projects that suck in or store carbon. These include anti-deforestation efforts, replacement of […]

The urgency to do something with the surplus of carbon in the atmosphere led to a surge in innovative approaches aimed at securing stable and contained storage solutions. Notably, a number of startups in the carbon removal sector have drawn substantial investor interest, attracting hundreds of millions in funding over the course of this year, according to Crunchbase […]

CBAM, a key pillar of the EU’s Fit for 55 Agenda, is the bloc’s significant tool to prevent carbon leakage. It’s created to ensure that companies operating inside and outside the region remain on the same page in terms of carbon pricing and environmental impact. Carbon leakage happens when a company operating in the EU […]

Carbon credit prices are projected to increase dramatically as more lofty climate goals are made and achieved, according to a report published by Bloomberg with support from Carbon Growth Partners. The report “Investing in Carbon Markets: Cleared for Take-Off” underlines the importance of carbon credits in reaching net zero emissions. It also highlights the need to invest […]

An analysis by the carbon removal market platform CDR.fyi shows that only 0.5% or 32 companies with Science-based targets have bought durable carbon removal.  A separate report by the BCG showed that demand for carbon removal credits must reach 40 to 200 million tonnes of CO2 a year in 2030, or $10 to $40 billion, […]

A report by Trove Research revealed that there’s a total of $36 billion invested in carbon credit projects from 2012 to 2022, accelerating with more than $18 billion raised in the last 2.5 years. But global efforts are still short of $90 billion to meet the 2030 carbon reduction targets.   Investments in developing carbon credit projects […]