Longer historical reference periods could improve confidence in estimating emissions reductions from reduced deforestation initiatives, according to new research.

The UK can be an ally in Japan's long-running effort to promote transition finance, pushing investments towards emission cuts from polluting sectors, according the executive director of FinCity.Tokyo, Tokio Morita.

Platts will remove the annual vintage roll for its Renewable Energy, Nature-Based Avoidance, South America, and Household Devices carbon credit assessments on July 1, the price assessor said Thursday.

The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country's upcoming emissions trading, officials said on Thursday.

Vietnam will launch its pilot carbon market next week, with 92 domestic firms, including Hoa Phat Group, Formosa Ha Tinh Steel Corp., and Vietnam Electricity Group, set to begin trading greenhouse gas emission permits.

China’s policy efforts to mitigate superpollutants have advanced over the past few years, creating new potential for carbon credit development, experts told Carbon Pulse.

The Japanese government is placing too great a priority on its domestic carbon market, the GX-ETS, and should expand focus to engage with international credits, a Tokyo-based public-private partnership said at London Climate Action Week (LCAW).

Direct exposure to carbon markets is limited for food and beverage manufacturers because most fall below emissions thresholds covered by compliance schemes, leading to investment decisions driven largely by fuel-credit programmes, tax incentives, and energy savings, according to a new report.

The UK government needs to lean into the City of London's rise as a hub for global carbon trading, and help to harness existing financial infrastructure to strengthen global carbon markets, experts said on Wednesday.

South Korea has launched a large carbon capture and utilisation (CCU) project, aiming to reduce CO2 emissions by over 600,000 tonnes annually by 2035.

Diplomacy secrets – Australia is withholding papers regarding investment decisions for the Tuvalu Trust Fund, claiming their release would harm diplomatic relations, AFP reported. The news agency had used freedom of information laws to request the papers, following an investigation which found that the fund has been investing in fossil fuels – contrary to the fund’s investment principles. The Australian government is the largest contributor to the fund and holds a seat on its board, AFP said.

Singapore’s flagship blended finance initiative for the net zero transition has raised another $250 million for its fossil fuel displacement strategy, the Monetary Authority of Singapore (MAS) announced on Wednesday.

A new cleantech platform in New Zealand is looking to bring together innovators, funders, and relevant government agencies to help the sector grow, its co-founder and CEO told Carbon Pulse.

Companies across the EU and US could mobilise around $17 billion annually for climate action if they adopt the 'advanced' level of the Science Based Targets initiative’s ongoing emissions framework under its newly updated corporate standard, said Gold Standard on Thursday as it released a report setting out how such emissions could be dealt with. 

Meeting demand - China's exports of electric vehicles rose nearly 50% YoY to a record $9.2 bln in last month, Bloomberg reported, citing customs data. This was primarily driven by consumers seeking to reduce reliance on fossil fuels amid higher oil prices linked to the Iran conflict, according to the report. Overall exports of electricity technologies, including EVs, solar panels, batteries, heat pumps, and grid equipment, remained close to record levels despite declines in solar and battery shipments.

Good old times - Global natural gas markets are expected to begin stabilising in the third quarter as the reopening of the Strait of Hormuz following the US-Iran ceasefire restores energy flows, the secretary general of the Gas Exporting Countries Forum (GECF) told Reuters. Benchmark crude fell to pre-war levels earlier today. Philip Mshelbila said gas prices and export volumes could return closer to pre-conflict levels by the fourth quarter, although Asian prices may remain elevated in the near term. He added that China's LNG demand would continue to grow despite expanding renewable energy and domestic gas production. Mshelbila also urged the European Union to delay implementing methane-based LNG import rules until globally coordinated standards are agreed.

Chinese multinational technology conglomerate Tencent has unveiled 16 winners for its global initiative designed to help promising climate solutions grow and scale.

A major Japanese bank has decided to invest in a Canadian startup dedicated to carbon removal solutions, eyeing the potential of Japan’s direct air capture (DAC) sector.

New requirements – New Zealand’s government has updated the criteria for climate implications of policy assessments (CIPAs), to now require such analyses to consider impacts on the country’s legislated emissions budgets and emissions reduction plans.  The Ministry for Environment – which next month will join the mega Ministry for Cities, Environment, Regions and Transport – released the updated CIPA guidance for government agencies and forms on Thursday.

Australia is expected to see electricity emissions fall by around 90% by 2050, despite demand doubling and generation tripling, the country’s market operator said in a report published Thursday.