Korean steelmaker to launch combined blue carbon, marine biodiversity conservation project
One of the world’s largest steelmakers has teamed up with government agencies to increase carbon sequestration and protect marine ecosystems in South Korea, using steel by-products to help cultivate seaweeds.
Read MoreANALYSIS: Japan’s inclusion of CDR credits not expected to stir enthusiasm in domestic carbon market
Japan has opened the door to the use of international credits from carbon dioxide removal (CDR) projects in its domestic carbon market, though market response might be tepid due to the entry threshold and the limited scope of eligible projects.
Read MoreChina on track to reach dual carbon targets, though coal phaseout not expected by 2040 -report
China is on track to reach its carbon peaking and neutrality targets, though the country may only see its coal consumption fall by one-third by 2040, a report has found.
Read MoreJapanese engineering consultancy to explore early-stage nature-based projects
A Tokyo-listed engineering consultancy has teamed up with a climate tech firm to secure credits from nature-based solutions (NbS) around the world through early investments.
Read MoreJapan to allow international carbon removal projects in domestic GX League
The government of Japan has opened the door to the use of international credits in its domestic carbon market, adding four types of eligible carbon removal projects to the GX-ETS.
Read MoreCN Markets: CEA price hits all-time high again on regulatory optimism, but liquidity dwindles
China’s national carbon market saw allowance prices reach a fresh high again over the past week but with lower trading volumes, as observers expect tighter allocation of permits in the upcoming market plan.
Read MoreKorean water utility secures early carbon project deals in Central Asia
A state-owned water supplier in South Korea has secured partnerships with two Central Asian countries as it seeks to explore the potential of emissions reduction projects using renewable energy in the region.
Read MoreFirst CCCI transition credit pilot project to see more clarity this year
The first Coal to Clean Credit Initiative (CCCI) pilot project could see more progress this year, according to the developers, who eye avoiding up to 19 million tonnes of CO2 emissions with the early phase-out of a Filipino coal plant.
Read MoreSouth Korea cancels April CO2 allowance auction amid weak demand
South Korea has cancelled this month’s carbon allowance auction, as demand in the national carbon market remains weak amid a persisting glut of allowances.
Read MoreJapanese oil refiner make first foray into forest carbon
One of Japan’s biggest oil refiners has made its first foray into the forest carbon market, as it continues to seek opportunities in the carbon removal sector as part of its climate strategy, it announced Wednesday.
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