Singapore, Indonesia sign carbon credit MoU, eye deal on Article 6 trade
Singapore and Indonesia have signed a memorandum of understanding on carbon credits, agreeing to identify projects and work towards an implementation agreement under Article 6 of the Paris Agreement.
Read MoreEl Nino could add 17 mln tonnes to India’s emissions
A strengthening El Nino could add 17 million tonnes of carbon dioxide to India’s emissions just over the next year as extreme heat drives up demand for electricity and weaker wind and rainfall curb renewable power generation, according to an analysis.
Read MoreCDR demand to outstrip supply fivefold by 2036 -report
Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.
Read MoreIndia proposes carbon intensity targets for iron, steel under ETS
India’s environment ministry has proposed carbon intensity targets for iron and steel producers under its Carbon Credit Trading Scheme, the largest sector yet brought under the compliance mechanism.
Read MoreCarbon ratings agency deepens Japan expansion with new partnership
A carbon ratings agency on Friday partnered with a Japanese developer to launch an initiative to improve transparency around the quality of forest carbon credits.
Read MoreINTERVIEW: New standard targets Global South developers with no upfront fees
A Bengaluru-based carbon registry and standard startup is looking to claw market share from established voluntary carbon standards by eliminating upfront costs for developers and targeting under-capitalised projects across the Global South.
Read MoreGreen Climate Fund approves projects set to remove nearly 20 mln tonnes of CO2
The Green Climate Fund (GCF) on Thursday approved at least four projects spanning Southeast Asia, the Pacific, Africa, and South Asia that are expected to collectively deliver almost 19.4 million tonnes of CO2e in emissions reductions or removals, while channelling more than $311 mln into climate-resilient agriculture and forest restoration.
Read MoreIndonesia’s aluminium boom risks repeating coal-powered nickel model -report
Indonesia’s fast-growing aluminium industry is following the country’s nickel sector into a heavy reliance on captive coal-fired power, with 9.8 GW of coal capacity linked to existing and planned projects, risking another emissions lock-in, according to a report released on Thursday.
Read MoreFEATURE: Data centre boom boosting renewables across APAC as governments play catch up
The global boom in data centres is driving an increase in renewable energy across Asia-Pacific as governments in the region take varying approaches, including carbon markets, to ensure the build-out does not lead to higher emissions, among other environmental considerations.
Read MoreAustralian bank signs large ACCU offtake deal with Indigenous carbon project group
One of Australia’s ‘Big Four’ banks on Wednesday signed its largest-ever purchase of Australian Carbon Credit Units (ACCUs), securing around 150,000 credits over five years from an Indigenous-owned carbon project developer.
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