CN Markets: CEA price remains stable, weekly trading volume jumps

Published 11:25 on November 22, 2024  /  Last updated at 11:25 on November 22, 2024  / /  Asia Pacific, China

CO2 allowance prices in China’s carbon market remained stable over the past week, with a surge in the weekly trading volume as compliance demand continues to grow.

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Japanese leasing company to support creation of nature-based carbon credits in Southeast Asia

Published 09:38 on November 22, 2024  /  Last updated at 09:38 on November 22, 2024  / /  Asia Pacific, Japan, Nature-based, Other APAC, Voluntary

A Tokyo-listed financial firm has teamed up with a project developer with an increasing presence in Southeast Asia to pursue the creation of nature-based carbon credits.

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South Korea proposes energy system roadmap, highlights use of nuclear and renewables

Published 08:08 on November 22, 2024  /  Last updated at 08:08 on November 22, 2024  / /  Asia Pacific, South Korea

South Korea has proposed a ten-year roadmap for the creation of a carbon-free energy ecosystem, which the government said can bring an economic effect worth 59 trillion won ($42 billion).

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Asia-focused carbon standards team up to promote voluntary carbon market

Published 09:44 on November 21, 2024  /  Last updated at 09:53 on November 21, 2024  / /  Asia Pacific, Other APAC, South Korea, Voluntary

Two carbon standard operators have teamed up to promote the development of the Asian voluntary market.

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Malaysia’s Selangor examining mechanisms to develop state’s carbon market

Published 08:40 on November 21, 2024  /  Last updated at 08:40 on November 21, 2024  / /  Asia Pacific, Other APAC

Malaysia’s richest state, Selangor, is exploring suitable methods and mechanisms to formulate policies for a local carbon market, according to local media.

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Western Australia releases CCUS action plan, allocates $17 mln for two major projects

Published 07:58 on November 21, 2024  /  Last updated at 07:58 on November 21, 2024  / /  Asia Pacific, Australia

Western Australia on Thursday announced the state’s inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.

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Japan to release policy draft on domestic carbon market soon -media

Published 08:35 on November 20, 2024  /  Last updated at 08:35 on November 20, 2024  / /  Asia Pacific, Japan

The Japanese government is expected to soon release draft regulations for its planned emissions trading scheme, requiring hundreds of domestic emitters to participate in the programme, according to domestic media reports.

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New Zealand seeks public feedback on 2035 NDC

Published 05:27 on November 20, 2024  /  Last updated at 05:27 on November 20, 2024  / /  Asia Pacific, New Zealand

New Zealand’s environment ministry is seeking comments on the country’s 2035 international climate change target, as the government is set to finalise the latest Nationally Determined Contribution (NDC) in the coming months.

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COP29: Singapore, Japan set overseas carbon credit targets for 2030 NDC

Published 10:37 on November 19, 2024  /  Last updated at 10:49 on November 19, 2024  / /  Asia Pacific, International, Japan, Other APAC, Paris Article 6

Singapore and Japan have formulated purchase targets for Paris-aligned carbon credits through 2030.

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South Korean project developer gears up for expansion in Africa, Central Asia

Published 08:49 on November 19, 2024  /  Last updated at 08:49 on November 19, 2024  / /  Africa, Asia Pacific, EMEA, Other APAC, Paris Article 6, South Korea, Voluntary

A carbon offset project developer from South Korea has secured international partnerships for its expansion into Africa and Central Asia, as it seeks to diversify its project portfolio and seize opportunities in international carbon markets.

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