CN Markets: CEAs extend all-time high with stable volumes, growing momentum expected

Published 11:43 on September 28, 2023  /  Last updated at 11:43 on September 28, 2023  / Chia-Erh Kuo /  Asia Pacific, China

Chinese carbon permits continued to climb over the past week amid stable trading volumes, reaching a fresh record high on Wednesday ahead of a week-long holiday, with analysts expecting the growing momentum to continue to the end of the compliance period despite government measures to suppress prices.

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Japanese trading firm to back millions of forest offsets with 3D measurement system

Published 10:13 on September 28, 2023  /  Last updated at 10:13 on September 28, 2023  / Chia-Erh Kuo /  Asia Pacific, Japan, Voluntary

One of Japan’s major trading houses has teamed up with a software provider to help create millions of domestically issued forest-based offsets based on a 3D measurement system, it announced Thursday.

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China sees first purchase of salt marsh-based carbon credits

Published 10:46 on September 27, 2023  /  Last updated at 10:46 on September 27, 2023  / Chia-Erh Kuo /  Asia Pacific, China, Nature-based, Voluntary

One of China’s leading tech firms has agreed to buy salt marsh-based carbon credits under a regional scheme, the first of its kind in the country, amid rising interest among domestic developers in the emerging blue carbon market.

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Japan, UAE to strengthen cooperation on energy security and climate change

Published 09:23 on September 27, 2023  /  Last updated at 09:23 on September 27, 2023  / Chia-Erh Kuo /  Asia Pacific, EMEA, International, Japan, Middle East

The climate envoy of the United Arab Emirates this week concluded an official visit to Japan ahead of COP 28 in November, as the two countries aim to strengthen their partnership on energy security and climate finance.

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Major Japanese shipping firms join forces to build global liquefied hydrogen supply chain

Published 09:52 on September 26, 2023  /  Last updated at 09:52 on September 26, 2023  / Chia-Erh Kuo /  Asia Pacific, International, Japan, Other APAC

Japan’s three largest shipowners on Tuesday announced their newly acquired stakes in a joint venture, as part of their effort to build up a global liquefied hydrogen (LH2) supply chain.

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South Korea formalises Paris partnerships with Vietnam, Uzbekistan, contracts new projects

Published 12:02 on September 25, 2023  /  Last updated at 12:02 on September 25, 2023  / Chia-Erh Kuo /  Asia Pacific, Other APAC, Paris Article 6, South Korea, Voluntary

South Korea on Monday formalised its Article 6.2 partnership agreements with Vietnam and Uzbekistan, and signed contracts for four new projects that will generate more than 10 million international carbon credits under the treaty.

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Japan, Malaysia eye 2028 start for CCS partnership

Published 09:54 on September 25, 2023  /  Last updated at 09:54 on September 25, 2023  / Chia-Erh Kuo /  Asia Pacific, Japan, Other APAC

Japan will start talks with Malaysia to store its captured CO2 in the Southeast Asian country from 2028 as part of Tokyo’s broader decarbonisation strategy, Nikkei has reported.

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CN Markets: China’s carbon price touches all-time high on steady compliance demand

Published 11:17 on September 22, 2023  /  Last updated at 11:17 on September 22, 2023  / Chia-Erh Kuo /  Asia Pacific, China

Allowances in the Chinese emissions trading scheme this week rose to their highest level since the market launched two years ago, as the approaching compliance deadline for 2021 and 2022 continued to fuel steady demand.

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Taiwan should bring in carbon levy by year-end, starting at over $15/t -green groups

Published 10:41 on September 21, 2023  /  Last updated at 10:45 on September 21, 2023  / Chia-Erh Kuo /  Asia Pacific, Other APAC

Taiwan should finalise the rates for a proposed carbon levy scheme by the end of this year with a starting rate of more than $15 per tonne of CO2, as delaying further could make it harder for the island to meet its net zero goals, domestic environmental groups have urged.

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Japanese developer teams up with agtech solution provider to create domestic offsets

Published 07:55 on September 21, 2023  /  Last updated at 09:13 on September 21, 2023  / Chia-Erh Kuo /  Asia Pacific, Japan, Voluntary

A Tokyo-based offset project developer is planning to work with a smart agricultural solution provider to expand its credit-generating business in Japan, eyeing rice cultivation projects.

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