Biodiversity markets need blended finance at scale -ADB, WWF
Blended finance needs to scale fast or biodiversity goals risk collapse, panellists warned at an event in Bangkok on Thursday, as the Asia Pacific struggles to build an investor ready nature project pipeline.
Read MoreERW startup secures $12 mln seed funding to scale in India
An enhanced rock weathering (ERW) startup this week announced it has raised $12 million in seed funding to accelerate CO2 removal from Indian agriculture.
Read MoreSaudi Aramco retires record number of carbon credits in 2024
Saudi Aramco, the world’s largest oil company, retired more than half a million carbon credits in 2024, including a batch tied to five “carbon neutral” crude oil shipments in a move to cover upstream emissions, according to its 2024 sustainability report.
Read MoreIndia’s doubling down on coal-based steel threatens global climate targets, report says
India’s push to double its steelmaking capacity by 2030 is fuelling a wave of coal-based project announcements that threaten to derail global decarbonisation targets, a report has warned.
Read MoreSteelmakers risk locking in massive emissions as refurbishments near -report
Steelmakers across Europe and Asia are on the brink of locking in carbon emissions equivalent to those of entire countries, unless they shift away from relining coal-based blast furnaces to cleaner technologies, according to a report published Monday.
Read MorePakistan to roll out carbon levy, make industrial gas surcharge permanent as part of IMF bailout
Pakistan will start charging a carbon levy on petrol, diesel, and fuel oil from July, and is planning to make a separate gas surcharge for off-grid industries permanent, as part of a broader economic package backed by the International Monetary Fund, according to an IMF staff report.
Read MoreSingapore seeks rating agencies to bolster Article 6 oversight
Singapore’s National Environment Agency (NEA) has launched a tender seeking third-party carbon credit rating providers to help assess integrity and delivery risks, as the city-state expands its framework for using credits under Article 6 of the Paris Agreement.
Read MoreJust five coal power plants could make or break Malaysia’s climate goals -report
Five coal-fired power units are projected to account for 62% of Malaysia’s coal fleet emissions through 2044, according to a report saying that targeted interventions at these “super-emitters” could boost the country’s climate ambitions without destabilising its electricity grid.
Read MoreID Market: Trading stagnates in April as international transactions remain on hold
Indonesia’s carbon market screeched to a halt in April, with a slight increase in participant numbers offset by minimal trading activity and a continued absence of international transactions, according to monthly data published by IDX Carbon.
Read MoreThailand issues ‘tree title deeds’ to help farmers access carbon markets
Thailand has launched a programme to distribute “tree title deeds” to farmers, a policy aimed at promoting carbon credit generation and boosting rural incomes, the agriculture minister said this week.
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