Behind the rhetoric and public criticism, China is adapting to CBAM -report
China repeatedly criticises the European Union’s carbon border tariff as a unilateral trade measure, but a more pragmatic response is forming behind the scenes, according to a new report that said Beijing is aligning its own carbon architecture with European standards to protect exporters.
Read MoreFormula 1 cuts carbon footprint 35%, says on track for net zero emissions
Formula 1, the top tier of international motorsport, has reduced its carbon footprint by 35% from its 2018 baseline and remains on track to becoming a net zero sport by 2030, according to its latest sustainability report.
Read MoreACCU demand under Australia’s Safeguard Mechanism may not peak until 2043 -analysis
Demand for Australian carbon credits is likely to continue rising until around 2043, several years later than other forecasts have suggested, according to a market advisory that claimed industrial facilities covered under the Safeguard Mechanism may take longer than expected to decarbonise.
Read MoreAsian miners lag on ESG implementation, report says
Miners across Asia have broadly adopted environmental, social, and governance policies, but many are struggling to implement those commitments, according to a report published on Wednesday.
Read MoreSouth Korea, Malaysia ink biogas pact, eye Article 6 carbon projects
Malaysia and South Korea have agreed to cooperate on biogas development and carbon market initiatives, including potential Article 6 projects under the Paris Agreement, they announced this week.
Read MoreIndia wasting renewable power as coal cannot ramp down further -report
India is wasting some of its renewable electricity because coal-fired power plants cannot wind down any further during periods of peak solar generation during daytime, making battery storage a necessity, according to a report published Wednesday.
Read MoreIndia seeks public input on draft rules for carbon offset scheme
India’s Bureau of Energy Efficiency (BEE), administrator of the country’s emerging carbon market, has launched a public consultation on draft rules governing Programmes of Activities (PoA) under the offset mechanism.
Read MoreIndia, Japan adopt rules under JCM, paving way for Article 6 projects
India and Japan have adopted the operational rules for their bilateral Joint Crediting Mechanism (JCM), making it India’s first live framework for trading carbon credits under Article 6.2 of the Paris Agreement.
Read MoreMyanmar cookstove developer defends first PACM carbon credits after calls for suspension
The developer of the first project to earn carbon credits under the UN’s Paris Agreement Crediting Mechanism (PACM) defended a controversial Myanmar cookstove programme, while acknowledging that conflict and security concerns in the Southeast Asian country forced independent auditors to rely on remote verification.
Read MoreSB64: Vulnerable nations accuse negotiators of ‘de-linking’ science as finance pact risks being ‘dead on arrival’
Small islands and least developed countries accused some parties of attempting to weaken the role of science and sideline the 1.5C goal, warning that progress towards key climate finance commitments was faltering ahead of COP31 in Turkiye.Â
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