Japanese offset project developer raises $2.4 mln in first close of Series A round

Published 07:58 on August 9, 2024  /  Last updated at 07:58 on August 9, 2024  / /  Asia Pacific, Japan

A Japanese carbon offset project developer has raised 350 million yen ($2.38 mln) in the first close of its Series A round.

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China to publish 70 national carbon-related standards this year

Published 11:00 on August 8, 2024  /  Last updated at 11:00 on August 8, 2024  / /  Asia Pacific, China

Chinese regulators have released a work plan to standardise carbon emission calculations across key sectors, which can support the country’s dual carbon targets and carbon pricing schemes.

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Japanese climate tech firm raises $5.3 mln in latest fundraising round

Published 09:18 on August 8, 2024  /  Last updated at 09:18 on August 8, 2024  / /  Asia Pacific, Japan

A Tokyo-based climate tech company on Thursday announced it had secured $5.3 million in the second close of its Series C round.

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Korean marine regulator to support international mitigation projects

Published 04:46 on August 8, 2024  /  Last updated at 04:49 on August 8, 2024  / /  Asia Pacific, International, Nature-based, Paris Article 6, South Korea

South Korea’s ocean affairs regulator is seeking opportunities to provide financial support for international mitigation projects in the marine sector through a newly formed partnership with an inter-governmental organisation.

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China 2024 emissions may stay flat if energy demand growth continues, report says

Published 00:01 on August 8, 2024  /  Last updated at 11:20 on August 7, 2024  / /  Asia Pacific, China

China’s CO2 emissions fell in the second quarter of 2024, marking the first quarterly decrease since the nation re-opened from zero-Covid, though the whole-year emissions are likely to stay flat if energy demand growth continues.

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Chinese dairy firm to introduce biogas project, create international credits

Published 10:16 on August 7, 2024  /  Last updated at 11:01 on August 7, 2024  / /  Asia Pacific, China, Voluntary

A dairy product supplier in China is planning to tap into the international carbon market by launching a biogas utilisation project. 

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Japanese trio to develop integrated decarbonisation solution

Published 07:53 on August 7, 2024  /  Last updated at 07:53 on August 7, 2024  / /  Asia Pacific, Japan

One of Japan’s largest trading houses has formed a partnership with two domestic companies to develop a combined decarbonisation solution for corporate clients.

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Japan to streamline J-Credit generation process for solar projects, promote digital MRV system

Published 10:13 on August 6, 2024  /  Last updated at 10:23 on August 6, 2024  / /  Asia Pacific, Japan

Japan’s environment ministry has selected several companies to advance a digital monitoring, reporting, and verification (MRV) system for the creation of domestically issued carbon credits, as the government seeks to make the process quicker and easier for market participants.

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Japanese oil major to work with Petronas on carbon project opportunities in Malaysia

Published 08:20 on August 6, 2024  /  Last updated at 08:20 on August 6, 2024  / /  Asia Pacific, Japan, Other APAC, Voluntary

One of Japan’s largest oil refiners has teamed up with the trading arm of Petronas, Malaysia’s state energy company, to work on voluntary projects that can generate carbon credits in the Southeast Asian country.

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Beijing to auction off 1.5 mln carbon permits under local ETS

Published 02:53 on August 6, 2024  /  Last updated at 02:53 on August 6, 2024  / /  Asia Pacific, China

The Beijing municipal government will auction 1.5 million carbon allowances under its pilot emissions trading scheme in early September, with a price floor for the sale to be set later.

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