South Korea ordered to draw up carbon reduction plan through 2049
South Korea’s Constitutional Court on Thursday ordered the government to map out more concrete plans for emissions reductions through 2049, the first of its kind in Asia.
Read MoreSouth Korea sets up special fund to encourage green tech exports, overseas cooperation
South Korea is planning to set up a special fund worth 400 billion won ($300 mln) to encourage public and private investment in overseas projects promoting green transition and carbon reduction.
Read MoreKey Asian banks see progress in establishing decarbonisation pathways, but more action needed
Banks in Japan, Singapore, and South Korea have made strides in developing decarbonisation strategies and establishing climate-related objectives, but more decisive action is needed to align with global climate commitments, a report has found.
Read MoreJapanese agricultural lender backs biochar industry consortium
A major agricultural lender in Japan has decided to support an industry consortium that aims to utilise carbon credits created from biochar projects.
Read MoreChina’s Tianjin to add more companies under local ETS
The Tianjin municipal government is seeking to expand the coverage of companies regulated under the local emissions trading scheme (ETS).
Read MoreSouth Korea to provide preferential loans for low-carbon investments
South Korea is seeking to provide preferential loans to companies that make preemptive investments in projects with great emissions reduction potential.
Read MoreJapanese shipping heavyweights to conduct liquefied CO2 study for CCS value chain
A group of Japanese shipping majors have teamed up to conduct a joint study for liquefied CO2 (LCO2) carriers, in preparation for large-scale international transport of LCO2 by 2028.
Read MoreKorean startup to create carbon credits by electrifying Cambodian tuk-tuks
A Korean mobility startup has tapped into Cambodia’s emerging carbon market through a project that can electrify gas-guzzling tuk-tuks in the Southeast Asian country.
Read MoreChina opens window for CCER project registration
China has begun accepting applications for carbon projects under the national offset programme, with participants expecting new credits to be issued by the end of the year.
Read MoreCN Markets: CEAs drop to one-month low, weekly trading volume picks up
Permits in China’s national emissions trading scheme (ETS) fell below the 90 yuan ($12.61) mark over the past week, hitting their lowest level in a month, though trading activity picked up significantly to end the week with more than 2 million units changing hands.
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