Pakistan 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).
Read MorePakistan’s $2 bln carbon market opportunity at risk without urgent reforms, says report
Pakistan has the potential to generate as much as $2.25 billion annually from carbon markets, but the South Asian country risks squandering this opportunity without urgent legal, institutional, and transparency reforms, a report released this week said.
Read MoreBRIEFING: India pitches scale, Japan offers tech for JCM deals
Indian companies on Tuesday touted massive decarbonisation potential across biofuels, heavy industry, and grid stability for Japanese technology and finance, as both countries look to operationalise the bilateral Joint Crediting Mechanism (JCM) partnership.
Read MoreGlobal investment firm to develop 1.5 GW renewables in Malaysia
A global investment firm with over a trillion dollars in assets said Monday it will partner with a Malaysian clean energy company to build more than 1.5 GW of solar and battery storage projects.
Read MoreDATA DIVE: Carbon prices in Asia remain far short of Paris targets
Asian carbon pricing schemes risk falling short of climate goals as prices remain too low, coverage too narrow, and fossil fuel subsidies too entrenched, according to a new report.
Read MoreIndonesia to market 60 mln carbon credits at COP30
Indonesia will present up to 60 million carbon credits at the COP30 climate summit in Brazil in November, the environment minister said this week, as the Southeast Asian country ramps up efforts to open its carbon market for exports.
Read MoreDeveloper raises $3 mln seed funding for carbon removal projects in India
An Indian project developer on Friday said it raised $3 million in seed funding to expand carbon removal projects, including agroforestry, mangrove restoration, and biochar.
Read MoreBRIEFING: Small islands press big emitters to submit NDCs ahead of COP30
Small island developing states (SIDS) this week urged major emitters to submit their Nationally Determined Contributions (NDC) before the September deadline, warning that the world is on the verge of “a point of no return” unless climate pledges are scaled up.
Read MoreIndia’s power emissions fall for second time in half a century
India’s power sector emissions dropped by 1% in the first half of 2025, marking only the second such decline over the period in nearly 50 years, according to new analysis.
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