What is the main goal of the Action for a Resilient Climate Coalition launched by CATL, Tencent, and other companies?

The Action for a Resilient Climate Coalition, a Singapore-based nonprofit launched by CATL, Tencent, Mitsubishi Corp., Vale SA, and Osaka Gas Co., aims to boost corporate demand for high-quality carbon credits by helping members jointly purchase at least 10 million metric tons of carbon dioxide equivalent by 2030.

Why has corporate demand for carbon credits declined recently, according to the news?

Corporate demand for carbon credits fell to 153.5 million tons of CO2 equivalent last year—the lowest since 2020—due to concerns about reputational risks from greenwashing claims, and has declined further this year as energy companies prioritize managing impacts of the Iran war, according to BloombergNEF.

CATL, Tencent Seek to Boost Waning Demand for Carbon Credits

May 18, 2026

CATL and Tencent joined a new coalition with firms like Vale and Osaka Gas to jointly purchase 10 million tons of high-quality carbon credits by 2030. The initiative aims to revive the slowing market amid concerns over greenwashing and reputational risks.

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CATL, Tencent Seek to Boost Waning Demand for Carbon Credits

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