South Korean companies set out to decarbonise asphalt production
South Korean companies are developing methods to make the asphalt paving process more environmentally friendly, which can help reduce emissions in the transportation sector.
Read MoreChina renewable energy expansion continues to outpace thermal generation
China saw strong annual growth in hydro and solar power production in July, while domestic thermal power generation continued to fall amid underwhelming economic recovery, according to government data.
Read MoreSK Market: August auction undersubscribed ahead of compliance deadline, price growth potential seen limited
South Korea’s latest monthly CO2 permit auction was undersubscribed even with the annual compliance deadline rapidly approaching, with analysts expecting the permit price to remain at relatively low levels due to a lasting oversupply in the market.
Read MoreUAE asset management firm forms alliance to pursue JCM rice farming project in Indonesia
An Abu Dhabi-based asset management firm has teamed up with two international partners to promote a sustainable rice farming method and generate carbon credits deemed eligible under Japan’s bilateral framework in Indonesia, it announced Wednesday.
Read MoreKorean financial firm to provide deposit services for upcoming ETS consignment trading platform
A Korean financial institution is planning to provide deposit services for a planned consignment carbon trading platform that will likely be added to the country’s national emissions trading scheme next year, local media reported.
Read MoreMajor Korean automaker enters domestic voluntary carbon market
The automotive finance arm of a major carmaker in South Korea has created a business model that can generate carbon credits for electric vehicles by leveraging the parent group’s resources.
Read MoreSeoul to introduce park bench direct air capture facility in urban spaces
The government of Seoul is planning to introduce direct air capture (DAC) technology that can extract CO2 from the atmosphere in urban areas.
Read MoreTokyo government selects startups to kick off carbon offset projects
The government of Tokyo has selected several climate startups to initiate voluntary projects that can create credits from nature-based and farming solutions, with the first batch of pilot projects to be implemented in the coming months.
Read MoreCN Markets: CEA price remains rangebound, weekly trading volume picks up
CO2 allowance prices in China’s carbon market remained rangebound over the past week amid improved liquidity, though participants expect a pick-up in trading activity as the compliance deadline is approaching.
Read MoreChina national ETS on track towards tighter supply, analysts find
China’s national emissions market will likely see tight supply-demand dynamics around the end of this decade, given a downward trend in the cumulative balance, according to analysis released this week.
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