China suspends steel capacity replacement plans
China’s industry ministry has instructed all regions to cease issuing new steel capacity replacement plans, a move that could change the dynamics in the oversupplied and ETS-destined market.
Read MoreTaiwan urged to stop financing fossil fuels through public funds
Taiwan should make it mandatory for public funds to consider climate risks in their investment and financing decision-making and include a timeline for their divestment from fossil fuels, an environmental group has urged.
Read MoreJapan backs Indonesia’s energy transition vision
Indonesia and Japan have agreed to carry out a broad decarbonisation programme for the Southeast Asian country’s energy sector, with multiple research projects in the pipeline.
Read MoreChinese province seeks creation of first forest CCER credits since relaunch by year-end
The government of one of China’s northern provinces is aiming to secure carbon credits issued under the national voluntary programme from a large-scale afforestation project by the end of this year.
Read MoreChina approves far fewer coal plants, but pipeline remains robust
China’s rapid development of renewable energy has led to a slowdown in coal power project approvals, though the existing pipeline of projects could still pose a potential challenge for the country to meet its climate targets, analysts have said.
Read MoreJapan, Southeast Asia vow to boost energy transition
Members of the Asia Zero Emission Community (AZEC) have agreed to expand their collaboration in decarbonisation projects with dozens of agreements signed, highlighting the developments of hydrogen, ammonia, and sustainable fuels.
Read MoreJapan to support biochar, SAF projects in Southeast Asia
Japan has selected around a dozen climate and environment projects across Southeast Asia that will receive government funding, including programmes promoting the development of biochar, sustainable aviation fuels (SAF), and methane emissions reductions from rice production.
Read MoreSouth Korea national oil company to set up CCS business
South Korea’s national oil and gas company has decided to set up a carbon capture and storage (CCS) business, with plans to promote projects both at home and abroad, local media reported.
Read MoreCN Markets: CEA price barely moves, weekly trading volume steady
CO2 allowance prices in China’s carbon market hovered around the 91 yuan ($12.70) level over the past week, while the weekly trading volume has remained steady.
Read MoreJapanese carbon standard sees first batch of certified emissions reductions
A cross-sector alliance that aims to revitalise Japan’s carbon credit market has seen the first batch of certified carbon credits under its newly developed carbon standard, it announced Friday.
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