Verra, Gold Standard, Puro deepen ties with Indonesia to bolster country’s carbon market
Three major carbon crediting bodies have taken major steps to integrate their systems with Indonesia’s national carbon market framework, with Verra signing a Mutual Recognition Agreement (MRA) with the government and Gold Standard launching detailed implementation guidance and a pilot programme.
Read MoreDigital securities startup to develop carbon markets in Arab states
A Singapore-based digital securities company on Friday partnered with the UN-affiliated Centre for Environment and Development for the Arab Region and Europe (CEDARE) to develop carbon markets across 22 Arab countries.
Read MoreKariba REDD project’s market fallout contained, ratings agency says
A carbon ratings agency this week said the practical market impact of a troubled REDD project in Zimbabwe is far smaller than the headline 15.2 million “hot air” credits, with only about 4.9 mln active units still outstanding.
Read MoreBiochar tops soil carbon gains, Indian study finds
Biochar application emerged as the single most effective option among regenerative agriculture practises for boosting soil organic carbon (SOC), according to a meta-analysis of field trials in India.
Read MoreVietnam study recommends tightening ETS offset limit, retaining credits for NDC
A Vietnamese policy study has recommended gradually lowering the use of carbon offsets in the Southeast Asian country’s emissions trading system (ETS) and retaining at least half of credits generated in international trades to meet its own climate targets.
Read MoreAsian carbon markets expand on compliance schemes -analysis
Asia’s carbon markets are gathering pace as governments roll out emissions trading schemes and carbon taxes, but thin corporate demand continues to weigh on growth, according to a new analysis.
Read MoreASEAN banks step up climate pledges but lag on coal and gas financing -report
Southeast Asia’s biggest banks have made some progress on climate action, a report claimed Monday, but they still lack credible net zero targets and compelling restrictions on fossil fuel financing.
Read MoreANALYSIS: Developers fear glut as demand lags for India’s farm credits
Indian farms could remove billions of tonnes of CO2 from the atmosphere in the coming decades, but scaling carbon credit projects across its patchwork of smallholdings must first contend with low farmer incentives and policy exclusions to doubts over sustained demand.
Read MorePakistan pledges 50% emissions cut by 2035, eyes Article 6 finance
Pakistan this week committed to halve its projected greenhouse gas emissions by 2035, setting out a climate plan that leans on international finance and carbon markets under Article 6 of the Paris Agreement.
Read MoreIndia excludes cookstoves from Article 6 eligibility list
India has removed clean cookstove projects from the list of activities eligible to generate carbon credits for export under the Paris Agreement’s Article 6, trimming its “positive list” from 14 to 13 categories, according to a memo from the country’s Ministry of Environment, Forest and Climate Change (MoEFCC).
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