Trees outside China’s forests hold up to a third of nation’s carbon stock
Trees outside China’s forests store billions of tonnes of carbon and account for up to a third of the country’s above-ground carbon stock, estimated a new nationwide satellite-based study.
Read MoreFEATURE: Cloud-piercing US-India radar satellite set to sharpen forest carbon monitoring
The US and Indian space agencies have begun releasing data from a “next-generation” Earth observation satellite launched last year, which scientists said will be a step-change in how the world tracks forests, biomass, and land-use change, with implications on measurement and verification for carbon markets.
Read MoreVietnam project developer announces CORSIA tag for cookstove project in Laos
A Vietnamese project developer said its improved cookstove project in Laos has been approved as eligible under the aviation sector’s global offsetting scheme, making them “among the first in Asia” to secure the designation.
Read MoreANALYSIS: India’s $133 bln infrastructure push to raise carbon costs for steel
India last week announced an INR 12.2 trillion ($133 billion) infrastructure spending boost in its latest budget, with the build-out expected to see rising carbon compliance costs for steel, and to a lesser extent cement, according to experts.
Read MoreID Market: January trading eases, but activity holds after December rebound
Trading activity on Indonesia’s carbon exchange slipped in January after a rebound in December, with volumes retreating as negotiated deals slowed, bourse data showed.
Read MoreIndian developer raises $20 mln to scale biochar carbon removal
An Indian carbon removal developer on Wednesday announced it has raised $20 million in the first tranche of a roughly $45 mln Series B funding round led by a private equity firm.
Read MoreIndonesia plans full rollout of carbon market by June
Indonesia is aiming to complete the launch of its national carbon market by late June, with large transactions expected to begin the following month, local media reported Tuesday.
Read MoreSingapore companies partner on forest carbon MRV in Indonesia
Two Singapore-based companies have partnered to develop “advanced” digital monitoring, reporting, and verification (dMRV) systems for forest carbon in Southeast Asia, starting with a project in Indonesia.
Read MoreIndia earmarks $2.2 bln for CCUS under latest budget
India’s government has allocated INR 200 billion ($2.2 bln) over the next five years to deploy carbon capture, utilisation, and storage (CCUS) technologies to cut industrial emissions.
Read MoreSingapore, Rwanda launch call for Article 6 carbon credit projects
Singapore and Rwanda have opened a new call for carbon credit project applications under their bilateral Article 6 agreement, the two governments said on Friday.
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