Studies for an East Asia carbon market get government blessing
Senior politicians from China, South Korea and Japan backed a research programme for a common emissions trading market spanning the three nations on Tuesday, but stressed that such a policy was not a near-term possibility.
Read MoreCarbon market expert leaves Japanese government for research role
One of the key officials in developing Japan’s Joint Crediting Mechanism has left the country’s environment ministry to join the Institute for Global Environmental Strategies (IGES).
Read MoreFirst offsets issued in Japan-Mongolia carbon scheme
Japan and Mongolia have issued the first carbon offsets under their Joint Crediting Mechanism (JCM), rewarding two projects for providing efficient heat supply.
Read MoreNortheast Asia urged to facilitate CO2 market links, test inter-city trade
China, Japan and South Korea should start facilitating future carbon market links already now and consider experimenting with city-level links to gain experience, a report said Thursday.
Read MoreCARBON FORWARD: China’s massive carbon market to weed out industrial overcapacity
China is due to launch next year the world’s biggest emissions trading scheme that is being crafted to have a profound impact on key sectors of the country’s economy, such as cement, steel and petrochemicals.
Read MoreUkraine pledges to spend AAU cash on Japanese cars -media
Ukraine has said it will spend the remaining cash it received from selling AAUs on Japanese-manufactured hybrid cars to use for its police force, the BBC reported on Wednesday.
Read MoreChina, Japan, Korea step up efforts on carbon market cooperation
Supervised by government officials, researchers from the three major East Asian nations will meet in Beijing next week at a first annual conference to discuss how they can integrate their carbon markets in the future.
Read MoreJapan, New Zealand latest nations to aim for Paris ratification by year-end
Japan and New Zealand have become the latest nations to indicate they will ratify the Paris Agreement by the end of 2016, increasing the chances that the climate treaty will enter into force this year.
Read MoreCarbon market can prop up China’s Silk Road plans, help globalise RMB -ex-official
By extending its emissions trading plans into south and east Asia and working towards an RMB-denominated Asian carbon market, China could help realise President Xi Jinping’s Silk Road plans and internationalise its currency, a respected economist and former official said this week.
Read MoreInternational emission trade talks begin slowly as NZ, Japan set pace
UN climate negotiations meeting in Bonn over the past fortnight began a long-haul process to refine rules for international emissions trade, with Japan and New Zealand vowing to advance their own plans regardless.
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