INTERVIEW: Indonesia needs to clean up nickel processing, strengthen emissions data
Indonesia wants to build a globally competitive green industrial sector, but the government first needs to tackle emissions from its coal-powered nickel industry and strengthen measurement of industrial emissions, analysts said.
Read MoreCarbon credits could help unlock billions for climate adaptation, study claims
Carbon credits have the potential to become a large source of finance for climate adaptation in emerging economies by attracting private investment into nature-based solutions such as mangrove restoration, wetlands rehabilitation, and agroforestry, according to a new academic study.
Read MoreASEAN could unlock up to $8.5 bln from CORSIA, report says
Southeast Asia could generate up to $8.5 billion over the next decade by supplying carbon credits under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation, provided governments speed up approvals necessary to bring more projects online, according to a report released on Wednesday.
Read MoreWorld Bank drops climate financing targets, buckles under US pressure
The World Bank said it will scrap two headline climate financing targets, including its goal for 45% of financing to deliver climate benefits, as it shifts its focus from how much the bank spends on climate-related projects.
Read MoreVCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM). Â
Read MoreMost eligible CDM projects on course to miss out on Article 6 transition as deadline looms
The vast majority of carbon projects developed under the Kyoto Protocol’s Clean Development Mechanism (CDM) are set to miss a Tuesday deadline to enable them to transition to UN crediting under the Paris Agreement, leaving many legacy projects outside the new scheme.
Read MoreCookstove projects draw fresh criticism in India as investigation alleges poor adoption, limited awareness
An investigation into cookstove projects in India’s Karnataka state has found that some rural households rarely used the stoves they received, were unaware they were participating in carbon credit schemes, and did not receive any share of the revenues.
Read MoreVietnam carbon price opens at $5.20/t in first day of trading
Vietnam’s newly launched domestic carbon exchange opened trading on Monday with carbon allowances priced at VND 136,000 ($5.20) per tonne of CO2e, marking the pilot’s first official transaction as the Southeast Asian prepares to roll out an emissions trading scheme.
Read MoreEU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Read MoreFood processors largely outside carbon markets despite potential, says report
Direct exposure to carbon markets is limited for food and beverage manufacturers because most fall below emissions thresholds covered by compliance schemes, leading to investment decisions driven largely by fuel-credit programmes, tax incentives, and energy savings, according to a new report.
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