New Zealand pledges climate finance for Southeast Asia, looks at Article 6 tie with the Philippines
New Zealand has committed NZ$41 million ($25 mln) in climate finance to Southeast Asia via the Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM), it said Friday, while entering into early talks with the Philippines over potential cooperation on Article 6.
Read MoreKorean water utility secures early carbon project deals in Central Asia
A state-owned water supplier in South Korea has secured partnerships with two Central Asian countries as it seeks to explore the potential of emissions reduction projects using renewable energy in the region.
Read MoreGenZero, VCMI partner to carve out role for technical innovation in “high integrity” carbon ecosystem
Temasek subsidiary GenZero has partnered with the Voluntary Carbon Markets Integrity Initiative (VCMI) to substantiate the use case for technical products such as Sustainable Aviation Fuel (SAF) certificates and understand their potential role in high integrity carbon market infrastructure.
Read MoreJapanese, Indian firms sign deal on green ammonia collaboration
A major Japanese energy company has signed an initial agreement with India’s biggest renewable energy firm on ammonia supply, the second such deal in recent months for a fuel deemed by the Indian government as eligible for export under Article 6 of the Paris Agreement.
Read MoreAustralian pension fund tips $400 mln into Macquarie NBS, renewables fund
Superannuation fund UniSuper on Friday announced a $400 million investment in the Macquarie Green Energy and Climate Opportunities Fund (MGECO), which invests in renewable energy and nature-based solutions.
Read MoreANALYSIS: Voluntary carbon actors eye narrative change but demand still lacking
Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.
Read MoreSouth Korea plans fund to support carbon projects, trade ITMOs -media
South Korea is planning to develop a fund to support carbon offset projects globally to generate Internationally Transferred Mitigation Outcomes (ITMOs) that the East Asian nation can use to meet its climate goals, Bloomberg reported Thursday.
Read MoreUK platform, ASEAN group partner to propel carbon market growth
A UK-based market intelligence and carbon credit procurement platform has partnered with a Southeast Asian private sector alliance to support the growth of voluntary and compliance carbon markets in the region, it announced Thursday.
Read MoreIndonesian nickel mining could destroy 500,000 ha of forest -report
In Indonesia, an area the size of Singapore has already been deforested to supply the nation’s booming nickel industry, and eight times that amount of forest could be under threat, according to a report released Thursday.
Read MoreAustralia’s Queensland legislates emissions reduction target of 75% by 2035
Australia’s state of Queensland on Thursday passed legislation to reduce the state’s emissions by 75% by 2035, as well as to achieve 80% renewable energy generation by the same date.
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