India’s green steel ambitions falter as capital lags, emissions intensity worsens -report
Indian steelmakers have been setting ambitious climate targets, but a recent report found that failure to back those goals with capital spend is leaving the sector lagging global peers on decarbonisation efforts, even as emissions intensity worsens.
Read MoreMongolia soil carbon project secures JCM clearance, opening compliance route
A soil carbon project in Mongolia developed by a US firm has become the first of its kind to receive a formal “no objection” decision under Japan’s Joint Crediting Mechanism (JCM).
Read MoreINTERVIEW: Carbon finance could help India cut methane from coal mines, but opportunity remains stranded
India could tap carbon finance to reduce emissions from coal mine methane, but a lack of awareness and weak data mean the opportunity remains largely unrealised, according to an expert on the country’s coal transition.
Read MoreSingapore companies partner to develop nature-based carbon projects
A Singapore-based climate tech firm has partnered with a geospatial data provider to develop nature-based carbon projects, the companies said last week.
Read MorePhilippines state-owned utility taps Singapore firm to help set up carbon projects
A Philippines state-owned utility has signed a deal with a Singapore-based advisory to design carbon credit projects, aiming to monetise emissions reductions from its operations and tap new financing streams.
Read MoreGGGI seeks research on linking carbon markets with adaptation under Article 6
The Global Green Growth Institute is seeking research on how carbon markets can deliver adaptation benefits for climate-vulnerable countries, as part of its efforts to scale cooperation under Article 6 of the Paris Agreement.
Read MoreUzbekistan methane project secures CORSIA label from Verra
A methane leakage reduction project in Uzbekistan has secured eligibility to supply carbon credits under the first phase of the UN’s CORSIA scheme, a project developer announced Friday.
Read MoreAustralian miner to invest $680 mln in power industry, data centres
An Australian miner of iron-ore said on Friday it would invest $680 million to expand green energy infrastructure in the resource-rich Pilbara region, as it seeks to supply rising demand for renewable power from heavy industry and data centres.
Read MorePACM method for crediting N2O abatement should include new plants to spur investment, stakeholders say
Stakeholders have urged the UN to allow for new nitric acid plants to generate carbon credits under a draft Article 6.4 methodology, as excluding greenfield facilities could undermine incentives to cut N2O emissions.
Read MoreIndia ETS seen posing financial risk to cement, aluminium sectors by 2027
Costs under India’s intensity-based emissions trading system (ETS) are likely to remain “manageable” in the first year of compliance, but could turn into a “material financial risk” for cement and aluminium producers if decarbonisation efforts lag, according to an analysis.
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