Indonesia inks MRAs with Plan Vivo and GCC as export push gathers pace
Indonesia this week signed mutual recognition agreements (MRAs) with UK-based Plan Vivo and Qatar’s Global Carbon Council (GCC), as the government works towards opening its carbon market for exports.
Read MoreSingapore seals Article 6 pact with Vietnam, lines up $60 mln in deals across Latin America and Africa
Singapore on Tuesday signed an implementation agreement under Article 6 of the Paris Agreement with Vietnam, and separately said it will contract over 2 million nature-based credits worth over S$76 mln ($60 mln) from four projects in Ghana, Paraguay, and Peru.
Read MoreUN, Temasek launch programme to cut SME emissions in Southeast Asia
A United Nations agency and Singapore’s Temasek Foundation last week launched a two-year programme to help small businesses in Malaysia, the Philippines, and across Southeast Asia cut their emissions.
Read MoreSingapore Exchange flags rising carbon taxes and regulatory scrutiny as key risks
Singapore Exchange (SGX) on Monday warned that rising carbon prices and intensifying regulatory scrutiny pose risks to its business and listed companies, even as the bourse succeeded in reducing its emissions from last year.
Read MoreANALYSIS: Japan-India JCM pact sets up tech-heavy pipeline as participants seek clarity on rules
Japan and India’s bilateral Joint Crediting Mechanism (JCM) partnership could become one of the biggest buyer–supplier corridor, but officials and market participants warned volumes could lag without quick clarity on methodologies, fees and UN accounting.
Read MoreSingapore NGOs hit back at government over carbon tax secrecy
Singapore environmental groups have pushed back against the government’s defense of its carbon tax regime, arguing that the lack of transparency over industrial allowances risks undermining public trust.
Read MoreSingapore details Article 6 project approval steps, lists eligible methods for Ghana
Singapore this week set out the process that project developers are to follow to generate Article 6 carbon credits under its bilateral deals in a series of technical annexes, while also publishing an eligibility list for Ghana.
Read MoreWorld Bank backs $213 mln blue carbon project in India
The World Bank has approved a $212.6 million blue carbon programme to help protect coastal ecosystems in India’s southern states of Tamil Nadu and Karnataka, the lender said this week.
Read MoreMalaysian bank targets carbon, biodiversity finance in $71 bln push
A Malaysian bank with $100 billion in total assets said Thursday it will engage with carbon markets and biodiversity finance as it takes a portfolio-wide view to embed nature risks into its strategy and financing rules.
Read MoreBRIEFING: Asian central banks expand green finance but shy away from fossil phase-out
Central banks in ASEAN+3 – China, Japan, and South Korea – are advancing efforts to include climate risk into financial regulations, but their policies stop short of forcing a shift away from fossil fuels, a webinar heard Wednesday.
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