Swedish green steel startup secures $1.6 bln in vote of confidence for struggling sector
A green steel startup on Wednesday announced the completion of a $1.6 billion equity financing round, securing backing from existing shareholders, new investors, and lenders.
Read MoreBRIEFING: Thailand carbon market coalesces around THB 50-200 price band as buyers, developers expect growth
Thailand’s voluntary carbon market is beginning to converge around a domestic price range of THB 50-200 ($1.50-6.10) per tonne of CO2 equivalent, with both buyers and project developers viewing the market positively in terms of climate action and future compliance, according to a survey.
Read MoreForest projects sequester carbon but fall short on biodiversity, ecosystem health -study
Most forest carbon projects analysed by a group of researchers failed to improve the wider ecological health of the land they cover, even when they succeeded in reducing deforestation, according to a new study.
Read MoreMalaysia’s first biomass carbon project heads to auction
Malaysia’s first Verra-registered biomass carbon credit project is set to be auctioned in September, as the Southeast Asian country looks to build liquidity on its Bursa Carbon Exchange (BCX).
Read MoreINTERVIEW: India’s biochar boom risks oversupply within four years, developer warns
India’s fast-growing biochar industry could become overcrowded within three to four years as a multitude of developers, some of which are producing low-quality biochar, deploy projects across the country, with consolidation already beginning among smaller operators, a developer told Carbon Pulse.
Read MoreShort seller attack puts Singapore exchange under scrutiny
A public battle between a Singapore-based exchange that also trades in carbon credits and an activist short seller has escalated into a dispute over market integrity and governance, drawing scrutiny to Asia’s leading commodity and carbon trading hubs.
Read MoreIndonesia’s growing truck fleet could lock in diesel demand for decades, report warns
Indonesia could slash freight emissions, cut its dependence on imported diesel, and save money in fuel subsidies by electrifying its truck fleet, but high upfront costs and limited charging infrastructure risk locking Southeast Asia’s largest economy into decades of diesel use, according to a new report.
Read MoreIndia proposes risk buffer for nature-based projects under offset scheme, seeks input
India has launched a consultation on draft rules that would allow nature-based carbon projects into its emerging carbon market, proposing a risk-buffer system for forest, wetland, mangrove, and soil carbon activities.
Read MoreMalaysia seeks ICVCM, CORSIA alignment for national forest carbon registry
Malaysia is seeking to upgrade its national forest carbon registry to meet standards set by the Integrity Council for the Voluntary Carbon Market and the aviation sector’s Carbon Offsetting and Reduction Scheme for International Aviation.
Read MoreOPEC sees no peak in oil demand amid energy security concerns
OPEC sees “no peak oil demand” coming soon as governments around the world rethink climate and energy policies given recent concerns, according to its latest long-term outlook which claims crude will retain the largest share of the global energy mix through to 2050.
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