India’s renewable push hit by rising financing costs, weak power distributors
Rising financing costs and weakness in the power sector risk slowing down India’s renewable energy deployment as the country looks to install 500 GW of non-fossil fuel capacity by the end of this decade, according to a new academic review.
Read MoreChina issues trial climate disclosure rules, signals path to mandatory reporting
China has released a trial climate disclosure standard for companies, setting them up for mandatory reporting in the future.
Read MoreID Market: Volumes surge in December to cap lacklustre year on stronger note
Trading on Indonesia’s carbon exchange jumped sharply in December, driven by a rise in negotiated transactions that lifted volumes to a 10-month high.
Read MoreMicroplastics weaken oceans’ carbon uptake, study finds
Microplastics are disrupting the world’s oceans’ ability to absorb and store CO2 as the ubiquitous fragments have found their way into the “biological carbon pump”, according to a recent academic research.
Read MoreGlobal carbon compliance coverage to expand by 2 bln tonnes by end 2026, analysts say
Greenhouse gas emissions covered by compliance carbon pricing schemes are expected to swell by an additional 2 billion tonnes of CO2 equivalent by the end of 2026, despite political volatility and cost-of-living pressures, according to analysts.
Read MoreThailand hikes fees for voluntary carbon projects under domestic scheme
Thailand has raised registration and issuance fees for carbon credit projects under its domestic voluntary standard in a move that raises costs for developers.
Read MoreBhutan lays out carbon market rules in seller-led Article 6 strategy
Bhutan has set out a framework for how it intends to participate in carbon markets, both domestic and international, while tightly controlling authorisation, pricing, and the application of corresponding adjustments.
Read MoreSouth Korea beats 2024 emissions target as renewables surge
South Korea’s net greenhouse gas emissions cuts outperformed the government’s annual reduction target by 4%, driven largely by the expansion of renewable energy and energy efficiency in the manufacturing sector.
Read MoreDeveloper auctions off VCUs from South Africa above price floor
An Australian carbon project developer on Wednesday said it has sold most of the carbon credits from its inaugural South African soil carbon issuance at an auction, with prices clearing above the floor with demand coming from both voluntary and compliance buyers.
Read MoreAustralian state backs industrial decarbonisation with $4.4 mln innovation grants
The state government of Western Australia will invest A$6.58 million ($4.4 mln) in a new round of grants to support emerging technologies aimed at reducing industrial emissions.
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