BRIEFING: Asian transition credits could find home in compliance markets, but questions over additionality remain -IEA
Compliance carbon markets could become the biggest source of demand for transition credits in Asia’s coal transition, provided project developers can prove that early closures are genuinely additional amid falling renewable energy costs, the International Energy Agency (IEA) said in a report.
Read MoreIndia could remove 450 MtCO2 through biochar by 2030, claims paper
India has the potential to scale carbon removal from biochar to 450 million tonnes of CO2 annually by 2030, creating a $45 billion market largely from utilising a fraction of surplus agricultural residues, according to a report released Saturday.
Read MoreVietnam issues carbon market surveillance rules ahead of ETS pilot
Vietnam has issued a circular outlining market-surveillance architecture for domestic carbon trading, relying on its securities markets to detect and report abnormalities.
Read MoreUN climate chief hails China as climate leader, urges it to speed Asia coal phaseout
UN climate chief Simon Stiell on Thursday lauded China as a global climate leader and called on Beijing to help its region in phasing out coal amid mounting energy security challenges.
Read MoreAsia-Pacific banks still favour fossil fuels over clean energy -report
Clean energy investment across the Asia-Pacific region continues to fall behind fossil fuels, as banks and investors direct huge sums towards conventional energy supply, according to a report.
Read MoreUS non-profit taps startup to grow rice methane credit supply from India
A US-based climate non-profit on Wednesday said it has partnered with a South Asia-focused startup to scale carbon credits from rice methane abatement, as demand rises for projects targeting the potent greenhouse gas.
Read MoreSK Market: Monthly KAU auction clears higher again amid intensifying competition
South Korea’s monthly CO2 allowance auction continued to clear at higher prices in May, as emitters kept up bidding amid tightening supply expectations in the national emissions market.
Read MoreFEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
Read MoreAustralia budget sends mixed signals on energy transition with fossil fuel, green tech backing
Australia’s latest federal budget sent mixed signals on the energy transition on Tuesday, coupling billions of dollars in fossil fuel support with backing for green technology.
Read MoreSingapore extends offset rollover for carbon tax-liable firms amid shortage
Singapore will again allow companies under its carbon tax to carry over unused international carbon credits (ICCs) into the following year, as a shortage of eligible units under the city-state’s Article 6 framework persists.
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