Tokyo-based developer proposes first cookstove methodology for JCM

Published 11:32 on July 22, 2024  /  Last updated at 11:32 on July 22, 2024  / Chia-Erh Kuo /  Asia Pacific, International, Japan, Other APAC, Voluntary

A Japanese developer has become the first to propose a cookstove methodology under the Joint Crediting Mechanism (JCM), potentially paving the way for a boost of supply for the scheme.

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Permit surplus in China ETS negligible, according to govt data

Published 10:35 on July 22, 2024  /  Last updated at 10:35 on July 22, 2024  / Chia-Erh Kuo /  Asia Pacific, China

The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.

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APAC countries should consider complementary policies to ensure effective carbon pricing -IMF

Published 05:05 on July 22, 2024  /  Last updated at 05:05 on July 22, 2024  / Chia-Erh Kuo /  Asia Pacific, China, Japan, Other APAC, South Korea

Policymakers in the Asia Pacific should take into consideration complementary policy options such as power sector reforms and fuel tax changes when drawing up carbon pricing schemes, according to the International Monetary Fund (IMF).

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CN Markets: CEA price continues to drop, trading volumes remain steady

Published 12:00 on July 19, 2024  /  Last updated at 12:00 on July 19, 2024  / Chia-Erh Kuo /  Asia Pacific, China

China’s national carbon market saw its price continue to fall this week amid slightly decreased liquidity, though some believe that the price effect of a new carryover mechanism will not appear until next year.

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China CCER registry system sees surge in account registration

Published 10:03 on July 19, 2024  /  Last updated at 10:03 on July 19, 2024  / Chia-Erh Kuo /  Asia Pacific, China

More than 4,500 participants in China’s voluntary carbon market have opened accounts on the national registry platform since the restart of the domestic offset programme earlier this year.

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South Korea national trust teams up with climate tech firm to develop nature-based credits

Published 07:48 on July 19, 2024  /  Last updated at 07:48 on July 19, 2024  / Chia-Erh Kuo /  Asia Pacific, Nature-based, South Korea, Voluntary

South Korea’s National Nature Trust (NNT) has teamed up with a climate tech company to work on the creation of technology-backed carbon credits by utilising its environmental assets.

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China’s Heilongjiang sees first forest offset transaction under local programme

Published 11:42 on July 18, 2024  /  Last updated at 11:42 on July 18, 2024  / Chia-Erh Kuo /  Asia Pacific, China, Nature-based, Voluntary

A Chinese province known for its local timber industry has completed a first transaction of forest carbon credits under a recently launched provincial programme, as the regional government seeks to explore the potential of nature-based projects.

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Major securities firm becomes the first South Korean financial company to secure international credits

Published 09:19 on July 18, 2024  /  Last updated at 09:19 on July 18, 2024  / Chia-Erh Kuo /  Asia Pacific, International, South Korea, Voluntary

One of South Korea’s largest securities firms has obtained carbon credits from an international project, the first financial company to do so in the country, it announced Thursday.

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Japanese scientists unveil hybrid material for industrial emissions capture

Published 08:12 on July 17, 2024  /  Last updated at 08:21 on July 17, 2024  / Chia-Erh Kuo /  Asia Pacific, Japan

Scientists from Japan’s Chiba University have developed a sodium carbonate-nanocarbon hybrid material for capturing CO2 from industrial emissions, which they claim to be a cost- and energy-effective option for thermal power plants and factories.

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China releases low-carbon transformation plan for coal-fired power plants

Published 07:42 on July 16, 2024  /  Last updated at 07:44 on July 16, 2024  / Chia-Erh Kuo /  Asia Pacific, China

Chinese regulators have released a three-year action plan for the low-carbon transformation of coal-fired power plants, with a focus on the development of co-firing methods as well as carbon capture, utilisation, and storage (CCUS).

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