China releases emissions accounting rules for cement, aluminium sectors

Published 10:43 on September 16, 2024  /  Last updated at 10:43 on September 16, 2024  / /  Asia Pacific, China

China has revamped the emissions accounting guidelines for domestic cement and aluminium sectors, as the country is set to include the two industries in its emissions trading scheme this year.

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China thermal power increases in August, though slower than renewables growth

Published 05:37 on September 16, 2024  /  Last updated at 05:37 on September 16, 2024  / /  Asia Pacific, China

China saw its domestic thermal power generation expand last month from a year earlier with increased coal output, but hydro and solar power production continued to post stronger annual growth.

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CN Markets: CEA price declines amid shrinking liquidity despite market expansion plans

Published 12:19 on September 13, 2024  /  Last updated at 12:19 on September 13, 2024  / /  Asia Pacific, China

Recent policy updates on sectoral expansion failed to boost trading activity in China’s emissions market over the past week, which saw permit prices fall below 90 yuan ($12.69) again with shrinking liquidity. 

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China’s Sichuan seeks forest carbon offset methodologies under local scheme

Published 09:57 on September 13, 2024  /  Last updated at 09:57 on September 13, 2024  / /  Asia Pacific, China, Voluntary

The government of China’s Sichuan province is seeking methodological proposals on the development of forest carbon sinks under the local offset scheme.

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Japanese trading house to join world’s largest low-carbon ammonia project

Published 07:31 on September 13, 2024  /  Last updated at 07:31 on September 13, 2024  / /  Americas, Asia Pacific, Japan, US

A major Japanese trading house has secured a preliminary agreement to buy a stake in a large low-carbon ammonia project in the US, it announced Friday.

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Korean research team introduces low-carbon catalyst for SAF production

Published 09:53 on September 12, 2024  /  Last updated at 09:53 on September 12, 2024  / /  Asia Pacific, South Korea

A group of Korean researchers has introduced a low-carbon catalyst technology for producing sustainable aviation fuel (SAF) amid growing domestic interest in the development of the eco-friendly fuel. 

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Korean refiner to launch country’s first SAF commercial production line

Published 08:24 on September 12, 2024  /  Last updated at 08:24 on September 12, 2024  / /  Asia Pacific, Aviation/CORSIA, South Korea

A top oil refiner in South Korea is set to start commercial operations of the country’s first production line for sustainable aviation fuel (SAF) next month, in response to the increasing demand for the eco-friendly fuel.

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SK Market: September auction oversubscribed, though clearing price still below $7.50

Published 11:51 on September 11, 2024  /  Last updated at 12:04 on September 11, 2024  / /  Asia Pacific, South Korea

South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates. 

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China clarifies rules to avoid double counting of environmental values from renewable projects

Published 09:53 on September 11, 2024  /  Last updated at 03:03 on September 12, 2024  / /  Asia Pacific, China

Chinese regulators have announced rules that can clarify the boundaries of the country’s green electricity and national carbon offset markets, a move designed to help avoid double counting of environmental attributes.

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Japanese oil major backs country’s first programme-based carbon project in pig farming

Published 08:33 on September 11, 2024  /  Last updated at 08:33 on September 11, 2024  / /  Asia Pacific, Japan

A top refiner in Japan has decided to support the country’s first carbon credit generating project featuring collaboration with domestic pig farmers.

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