ITMO credits in Bangkok drive transformation to electric buses
The electric bus project in Bangkok emerged as part of Thailand’s efforts to transition to sustainable transportation and reduce greenhouse gas emissions. The Thai government has set a goal of achieving carbon neutrality by 2050. Within the transportation sector, Thailand aims for 30% of vehicles to be electric by 2030. This ambition is supported by policies…
HOW CHINA BECAME THE WORLD’S LARGEST CARBON CREDIT MARKET
China, the world’s largest emitter of greenhouse gases, officially launched its National Emissions Trading System (ETS) in 2021. This is the largest ETS globally, with long-term goals to reduce emissions through market mechanisms while ensuring economic growth. However, China’s ETS has distinct characteristics compared to similar systems, such as the European Union ETS (EU ETS)….
Carbon Credits: The New Currency in a Global Climate Game
Last November, at COP29 held in Baku, Azerbaijan, 196 participating countries reaffirmed their global commitment to combating climate change. Dubbed the “Finance COP,” the conference focused primarily on defining the New Collective Quantified Goal on Climate Finance (NCQG) under the 2015 Paris Agreement. The NCQG aims to serve as a mechanism to ensure the financial…