Mongolia and the UN Development Programme (UNDP) have launched a project to help the climate finance-strapped country build the systems and rules needed to take part in international carbon markets, backed by funding from the Green Climate Fund (GCF), they announced Friday.

The South African G20 presidency and a group of NGOs are spearheading a programme to scale financing for the bioeconomy in Africa, with nature credits among the instruments that will be explored, as they seek to pave the way for other regions to follow suit.

A large portion of emissions from the global LNG trade could be cut using existing technology, the International Energy Agency (IEA) said Friday.

Permit prices in China's national CO2 emissions market remained stable over the past week, while domestically issued offsets maintained their price premium due to the lack of supply.

A US-based carbon removal (CDR) buyers' coalition is close to unveiling its first afforestation, reforestation, and revegetation (ARR) offtake agreements after announcing that final due diligence processes are now underway.

CCUS for coal - Jera and Kawasaki Heavy Industries have signed an MoU for a joint study to build a CCUS value chain at the Yokosuka coal-fired power plant using the latter’s carbon capture kit. This will be the first test of CO2 capture at a coal plant on Tokyo Bay, the partners said. Jera owns and operates the plant, which went online in 2023 and replaced gas and light oil with coal as fuel. It is classified as an ‘ultra-supercritical’ plant, or of much higher efficiency than older coal plants. Jera plans to use ammonia over coal at its plants by financial 2030, using a mix at its less efficient plants and 100% at its high efficiency ones. Kawasaki’s tech uses a solid sorbent to absorb the CO2 from the post-combustion gas stream and then capture with 60C steam made from waste heat. Capturing post-combustion CO2 from energy and industrial processes is higher cost and higher energy than pre-combustion from natural gas wells.

Singapore on Friday released a draft guide for companies on voluntary use of carbon credits, recommending alignment with international “meta-standards” such as the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCPs).

The Shanghai government has finalised the 2025 allowance allocation plan for its municipal emissions trading market, which covers around 400 emitters, local media reported.

Australia’s leading scientific research agency has developed what it called a breakthrough in ways to make green hydrogen that will lower costs.

Caspian subsea power cable - Kazakhstan and Azerbaijan are partnering to export clean energy to Europe by building a high-voltage subsea transmission line across the Caspian Sea, which will connect the two countries’ power grids and feed into the larger Black Sea Submarine Cable project, Qazaq Green reported. Through this initiative, the partners will be able to export solar and wind power from Central Asia to the EU market, supporting the EU’s climate goals. The project aims to boost regional energy integration, requiring huge funding from international institutions and public-private partnerships. Efforts are underway to establish a unified electricity market across Central Asia and the South Caucasus, including other countries such as Georgia, Uzbekistan, and Kyrgyzstan. (Qazaq Green)