Australia’s sustainable finance taxonomy backs carbon credits, biochar in green investment push
Australia on Tuesday launched a sustainable finance taxonomy, establishing a classification system designed to channel private capital towards green investments, notably agricultural decarbonisation measures such as biochar application and carbon credit generation.
Read MoreINTERVIEW: Indian startup sees upcoming ETS driving demand for carbon capture
An Indian company that uses microbes to capture CO2 is positioning itself for expansion in the carbon capture market, aiming to scale its daily capacity to 200 tonnes within two years as the country prepares to launch a compliance scheme targeting emissions reductions in heavy industries.
Read MoreID Market: Trading inches up in May amid suspension on international deals
Indonesia’s carbon market recorded a moderate increase in activity during May, with trading volumes recovering from April’s lows, though international transactions remained absent due to the ongoing government moratorium.
Read MoreUPDATE – Singapore lists approved methodologies under Article 6 deal with Rwanda, Bhutan
Singapore has released eligibility lists for carbon credit projects Rwanda and Bhutan under its International Carbon Credit (ICC) framework.
Read MoreIndia’s upcoming carbon market ‘critical lever’ for industry decarbonisation, Tata Steel exec says
Tata Steel expects India’s emerging carbon market to become a “critical lever” for accelerating decarbonisation in the steel industry, with one of the company’s senior executives urging policymakers to draw lessons from Europe’s carbon pricing success.
Read MoreVietnam ETS pilot to launch in August with generous offset rules
Vietnam will launch its domestic carbon market in August, with generous offset rules that will allow companies to use carbon credits for up to 30% of their emissions quotas, according to regulations released late Tuesday formalising the national emission trading system (ETS).
Read MoreClimeFi, MSCI enter Singapore carbon ratings race
New entrants ClimeFi and MSCI have joined established carbon rating agencies bidding for the right to assess the integrity of international carbon credits in Singapore, as part of the city-state’s expanding climate policy under Article 6 of the Paris Agreement.
Read MorePapua New Guinea court protects REDD+ project by cancelling disputed land lease
A Papua New Guinea court has cancelled a disputed agricultural lease that threatened to clear forest land hosting a REDD+ carbon project, in a ruling that now protects 5 million tonnes of CO2 emissions from potential deforestation.
Read MoreSingapore, Philippines near Article 6 pact under Paris Agreement
Singapore and the Philippines are working to finalise a legally binding deal to operationalise a carbon credits partnership under Article 6 of the Paris Agreement, Singapore Prime Minister Lawrence Wong said this week.
Read MorePremium prices, complexity could stall corporate biochar uptake
Premium pricing and technical complexity are stalling corporate demand for biochar carbon removal, creating procurement hurdles even as companies face pressure to meet net zero targets, according to market participants.
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