Dutch climate fund secures €150 mln for green hydrogen
A Netherlands-based fund this week announced the formation of a green hydrogen blended finance fund, securing an initial €150 million from European donors.
Read MorePhilippines launches blue carbon initiative
The Philippines this week launched an action plan to scale up the production of high-quality blue carbon from mangroves and seagrasses, as the archipelagic nation looks to develop a national roadmap for leveraging marine resources to support climate goals.
Read MoreAustralian carbon accounting firm to offer credits on its software
A carbon accounting firm announced on Thursday it will offer a project developer’s carbon credits on its platform in what the companies called a “first of its kind” partnership in Australia.
Read MoreIndia to cut cement sector energy emissions by 20% over six years under carbon trading scheme -source
India plans to require its cement sector to reduce energy-based emissions by 20% over six years, establishing a CO2 reduction trajectory as part of the country’s Carbon Credit Trading Scheme (CCTS), according to government documents seen by Carbon Pulse.
Read MoreCarbon credit ‘adjustment fee’ could fund green tech at home, experts say
A fee mechanism for correspondingly adjusted Article 6 carbon credits can be used to bridge funding gaps in climate initiatives, particularly for developing nations seeking to monetise carbon reductions while advancing their ambitions, a conference heard Tuesday.
Read MoreBRIEFING: India’s plant-specific approach to carbon market aims to tackle industrial diversity
India’s approach of adopting unit-specific targets rather than sector-wide benchmarks in its domestic carbon market, a legacy of the Performance, Achieve, and Trade (PAT) scheme, aims to address its diverse industrial landscape to ensure fair and effective compliance.
Read MoreSingapore Article 6 tender attracts offers worth nearly $1 bln
Singapore’s government has closed its request for proposal (RFP) to procure high-quality, correspondingly adjusted carbon credits derived from nature-based solutions (NbS), attracting offers from 17 suppliers, including major global traders and carbon project developers.
Read MoreMajor Japanese bank partners with GenZero to fund coal plant closures in Asia
A Japanese bank on Thursday partnered with GenZero, a subsidiary of Singaporean government-owned investment firm Temasek, to develop transition credits for accelerating early retirement of coal-fired power plants in Asia.
Read MoreCost barrier slows green shift of Indonesia’s manufacturing – study
A shortage of green financing is curtailing Indonesia’s plan to decarbonise its manufacturing sector, which accounts for 28% of the country’s total emissions, according to research published Wednesday.
Read MoreHSBC delays climate target to avoid relying on offsets
HSBC has delayed its target to achieve net zero emissions across its operations, business travel, and supply chain to 2050, the bank said on Wednesday, pushing back its original 2030 deadline by two decades.
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