The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax, offering exemption on corporate taxes on income from green bond interest and carbon credits.The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax, offering exemption on corporate taxes on income from green bond interest and carbon credits.These … Read more
The proposal aims to protect the environment and promote sustainable development in line with the global trend of using tax policies to incentivise environmentally friendly practices. (Photo courtesy of pace.edu.vn) Hanoi (VNS/VNA) – The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax to encourage environmental protection and sustainable development. These … Read more
The Environmental Impact Assessment for Cyprus’ National Strategic Land Transport Plan is open for public consultation until June 14, 2024. The plan aims to increase public transport usage to 17% and reduce car usage by 14%. The primary objective is to identify potential environmental impacts and propose measures to prevent or offset them. The plan includes increasing electric vehicle and hydrogen stations to reduce greenhouse gas emissions, as well as improving public transport with dedicated lanes and increased service frequencies. Measures like urban tolls and low-emission zones are proposed to discourage car use and reduce air pollution. The plan also includes incentives for sustainable transport modes and creating new job opportunities.
An Australian university is turning used coffee grounds into a material that can be added to concrete, making it stronger and more sustainable. This process could potentially lower greenhouse gas emissions from concrete production. The biochar created from coffee waste can replace up to 15% of the sand used in concrete, making the concrete 30% stronger and reducing the amount of cement needed by up to 10%. This innovation has the potential to reduce the amount of sand extracted for concrete production, which is environmentally destructive and in short supply. The coffee concrete has already been used in constructing a footpath, and there are plans to expand its use in major road projects. Millions of tons of used coffee grounds are produced globally and could be turned into biochar for concrete applications, potentially reducing emissions from food waste as well. Other universities are also researching the use of biochar in concrete, but RMIT was the first to utilize waste coffee grounds in this way.
A group of small island states, including Antigua and Barbuda and the Bahamas, secured a win on climate change in an international court. The International Tribunal for the Law of the Sea (ITLOS) stated that greenhouse gas emissions absorbed by the ocean are considered marine pollution, and countries are obligated to protect marine environments beyond the requirements of the Paris climate agreement. The opinion is not legally binding but can guide countries in their climate policy and serve as legal precedent in other cases.
Cambodia plans to cut shipping through Vietnamese ports by 70% due to a .7 billion China-funded upgrade of a canal connecting the Mekong River basin to the Cambodian coast.
Local authorities must support the creation of renewable energy communities, which are cooperatives involving residents and stakeholders in renewable energy production, distribution, and consumption. Municipalities play a key role in empowering these communities to reduce carbon emissions, promote sustainability, and lower energy bills.
Azerbaijan’s President, Ilham Aliyev, stated that as the host of the upcoming U.N. COP29 climate summit, his country will defend the right of oil and gas producing nations to continue investing in the sector due to the ongoing strong demand for fossil fuels.
The Scottish National Party (SNP) will lead a minority government in Scotland after ending its coalition with the Green Party due to a disagreement over climate change targets. The SNP has been in power since 2011 but has seen a decline in poll ratings. SNP leader Humza Yousaf announced the decision to terminate the coalition agreement with the Greens, stating that pursuing a different arrangement is in the best interests of the people of Scotland. The SNP now operates as a minority government with 63 Members of the Scottish Parliament (MSP).
Authorities have approved the first renewable energy storage systems in Cyprus, as suppliers of electricity generated from renewables are losing around €40 million annually due to discarded energy.