CARBON FORWARD ASIA: BRIEFING – East Asian nations progress ETS development, even as participants await more policy clarity
Governments in East Asia are accelerating the construction work for their emissions trading schemes, though participants are eager to see more policy clarity, experts told a conference Tuesday.
Read MoreCN Markets: CEAs dip to 6-mth low as traders sit on the fence
Permit prices in China’s national emissions market fell below 90 yuan ($12.35) over the past week, touching the lowest level in six months, with analysts expecting the bearish sentiment to extend into March.
Read MoreVerra releases new rice methodology to replace CDM protocol
Carbon standard Verra has released a new methodology that applies to projects implementing improved water and crop management practices in flooded rice systems.
Read MoreSouth Korean steelmaker faces lawsuit for plans to extend blast furnace lifespan
A civil lawsuit has been filed to demand steel major POSCO, one of South Korea’s major carbon emitters, stop relining an ageing blast furnace in the Gwangyang region.
Read MoreINTERVIEW: Southeast Asia-focused biochar developer secures fresh funds to expand in Cambodia
A Singapore-headquartered offset project developer has secured fresh funding to expand its biochar business in Southeast Asia, initially in Cambodia, its founder told Carbon Pulse.
Read MoreJapanese insurer launches product for carbon credit buyers
One of Japan’s largest financial groups has introduced an insurance product that compensates the insured for the costs of procuring replacement units when the value of carbon credits is damaged.
Read MoreBRIEFING: South Korea to revamp process for buying Article 6 carbon credits
South Korea is seeking to build an intergovernmental cooperation model and expand support for international emissions reduction projects, as current progress is seen as insufficient for the East Asian country to secure enough carbon credits to meet its 2030 climate target, according to policy documents published Wednesday.
Read MoreChina’s steel sector off track to meet 2025 climate target as oversupply looms -report
Overcapacity in China’s steel sector is eroding profits and hindering advancements in low-carbon development, throwing the country well off track to meet its 2025 climate target for the industry, according to a new report.
Read MoreJapan prepares legislation for domestic ETS
The government of Japan has approved several revisions to current regulations to legalise the country’s planned emissions trading scheme, in a latest attempt to add legal clout to the carbon market.
Read MoreChina’s Tianjin to lower emissions threshold, add more companies to local ETS
One of China’s pilot emissions markets will add more participants in the future, as the regional government is set to lower the mandatory threshold for emitters.
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