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First Asia, then the world: Consortium touts climate benefits from global power grid expansion

Published 10:53 on February 22, 2017  /  Last updated at 16:03 on February 22, 2017  /  Asia Pacific, China, China's Offset Market, Japan, Other APAC, South Korea  /  No Comments

An industry-funded research consortium on Wednesday backed the establishment of a new interconnected grid across north and east Asia, and eventually the world, that it said could bring CO2 emissions down to half of 1990 levels by 2050.

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Studies for an East Asia carbon market get government blessing

Published 19:52 on November 15, 2016  /  Last updated at 01:00 on November 16, 2016  /  China, China's National ETS, Japan, South Korea  /  No Comments

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.

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Carbon market expert leaves Japanese government for research role

Published 10:23 on October 11, 2016  /  Last updated at 15:04 on October 11, 2016  /  Asia Pacific, Bavardage, Japan  /  No Comments

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).

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First offsets issued in Japan-Mongolia carbon scheme

Published 08:16 on October 3, 2016  /  Last updated at 09:14 on October 3, 2016  /  Asia Pacific, Japan, Other APAC  /  No Comments

Japan and Mongolia have issued the first carbon offsets under their Joint Crediting Mechanism (JCM), rewarding two projects for providing efficient heat supply.

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Northeast Asia urged to facilitate CO2 market links, test inter-city trade

Published 17:00 on September 29, 2016  /  Last updated at 22:01 on September 29, 2016  /  Asia Pacific, China, China's National ETS, China's Pilot Markets, Japan, South Korea  /  No Comments

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.

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CARBON FORWARD: China’s massive carbon market to weed out industrial overcapacity

Published 09:30 on September 23, 2016  /  Last updated at 09:31 on September 23, 2016  /  Asia Pacific, Bavardage, China, China's National ETS, Conversations, Japan, South Korea  /  No Comments

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.

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Ukraine pledges to spend AAU cash on Japanese cars -media

Published 11:16 on September 21, 2016  /  Last updated at 00:25 on September 22, 2016  /  Asia Pacific, EMEA, Japan, Kyoto Mechanisms  /  No Comments

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.

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China, Japan, Korea step up efforts on carbon market cooperation

Published 04:44 on September 8, 2016  /  Last updated at 04:44 on September 8, 2016  /  Asia Pacific, China, China's National ETS, Japan, South Korea  /  No Comments

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.

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Japan, New Zealand latest nations to aim for Paris ratification by year-end

Published 04:12 on August 17, 2016  /  Last updated at 04:25 on August 17, 2016  /  Asia Pacific, Climate Talks, International, Japan, New Zealand  /  No Comments

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.

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Carbon market can prop up China’s Silk Road plans, help globalise RMB -ex-official

Published 13:32 on June 14, 2016  /  Last updated at 20:59 on June 14, 2016  /  Asia Pacific, China, China's National ETS, Japan, Other APAC, South Korea  /  No Comments

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.

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