Indonesia’s geothermal potential far larger than previously thought, report finds
Indonesia’s geothermal resources are orders of magnitude larger than previous estimates, according to a report released Tuesday that claims the renewable energy stockpile could help meet the vast majority of the country’s industrial heat demand.
Read MoreID Market: Activity rebounds in November as negotiated trades rise
Trading on Indonesia’s carbon exchange rose in November as negotiated deals revived activity after months of stagnation, though regular and marketplace segments remained subdued.
Read MoreIndonesia’s carbon credit push at COP30 draws modest interest
Indonesia’s bid to sell millions of carbon credits at UN climate talks last month appears to have yielded far less demand than the country had hoped for, casting doubt on investor appetite for its recently reopened carbon market.
Read MoreIndonesia urged to integrate ‘untapped’ blue carbon in its national climate plan
Indonesia’s Nationally Determined Contribution (NDC) to the Paris Agreement is looking past the mitigation benefits of its coastal and marine ecosystems, a report highlighted this week, saying the potential of blue carbon remains “largely untapped”.
Read MoreNew Phase 1 CORSIA benchmark to start trading from December
A Singapore-based exchange is entering the race to benchmark the first phase of the international aviation offsetting scheme CORSIA, with the launch of a new spot contract next week.
Read MoreIndian state taps Singapore developer for ARR project, eyes income for farmers
North-Indian state of Himachal Pradesh this week partnered with a Singapore-based developer to roll out a 50,000-hectare afforestation, reforestation, and revegetation (ARR) project aimed at boosting farmer incomes.
Read MoreJapanese firm launches tech to ‘rapidly’ measure blue carbon, secures J-Blue certification
A Tokyo-listed technology company on Wednesday said it has developed an “ocean digital twin” that can significantly cut the time and cost of generating blue carbon credits, as Japan steps up efforts to scale restoration of seagrass and seaweed beds along its coast.
Read MoreANALYSIS: “Let them get on with it” – Market responds to COP30 Article 6 decisions as PACM prepares for full implementation
2026 will be a crunch year for implementing UN carbon markets, after Article 6 decisions at COP30 cleared up key administrative uncertainties such as funding shortages and the closure of the Clean Development Mechanism (CDM), and affirmed previous agreements on crediting standards and trading rules, according to experts.Â
Read MoreCOP30: China sought CBAM dismantling in pre-dawn standoff with EU -sources
China pressed the EU in a tense pre-dawn standoff at COP30 on Saturday, offering to support tougher language on ambition and adaptation in the final outcome text in exchange for Brussels agreeing to kill its Carbon Border Adjustment Mechanism (CBAM), according to sources.
Read MoreCOP30: Countries welcome Brazil’s pledge to create fossil fuel, deforestation roadmaps, but questions remain about how it will work
Countries and civil society welcomed the Brazilian presidency’s pledge to establish two roadmaps on transitioning away from fossil fuels and ending deforestation, even as several have described it only as a consolation prize after a reference to the two issues failed to make it into the main COP30 decisions.
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