Carbon credits

Working with the Riau Islands and mainland in Sumatra could be a vital test bed for cooperation

[BEIJING] Tencent Holdings will buy 300,000 carbon removal credits from an agroforestry project in Indonesia, marking the first deal of its kind for the Chinese technology firm outside its domestic market.

This week in ESG: Market veteran Chew Sutat takes reins of nature non-profit; aviation’s carbon credits scheme could create US$1.6 billion of value for S-E Asia

The opportunity set could go up to US$8.5 billion

It is the first Asian country to pitch in to the carbon transaction facility

This is not the cheapest price range, but replacing coal with solar energy and battery storage is expensive

A credit conversion formula will be applied to adjust the amount being rolled over

It will advance both countries’ climate goals by allowing financing to unlock greater ‘mitigation potential’ in the Philippines, says MTI

​If a company emits a lot of smoke to make its products, its costs are about to shoot up