
Tencent, CATL Back New Coalition Targeting 10M Tons of Carbon Credits
Carbon Herald just published China’s Tencent And CATL Join New Carbon Credit Coalition With 10M-Ton Target. Carbon Herald reports that Chinese tech and battery giants Tencent and CATL have joined a newly formed carbon credit coalition based in Singapore. The group has set a target of 10 million tons of carbon credits, positioning itself as a notable buyer-side bloc in the voluntary carbon market. The involvement of two major Chinese corporates signals growing demand from Asia-Pacific firms for offset supply, and reflects an effort to coordinate purchasing through a single regional vehicle rather than fragmented bilateral deals. The outlet frames the move within broader trends of corporate climate commitments and shifting carbon market activity outside Europe and North America. ...








