China ETS seen likely to introduce absolute emissions cap around 2030
A major shift in the way China controls carbon emissions could mean the implementation of an absolute cap on CO2 output for the national carbon market around the end of this decade, according to analysts.
Read MoreCN Markets: CEA price remains stable, though weekly trading volume drops
CO2 allowance prices in China’s carbon market remained stable over the past week, though market participants are still awaiting the release of the permit allocation plan that will determine market fundamentals for the next year and a half.
Read MoreSouth Korea urged to include coal phase-out in 2035 NDC
South Korea should take into consideration the phase-out of coal-fired power plants when drafting climate policies for the country’s 2035 Nationally Determined Contribution (NDC), a think tank has suggested.
Read MoreGlobal trading house, Korean securities firm eye Paris-aligned charcoal project in Ghana
A global trading house and a South Korean securities firm have partnered with a project developer on a Ghana-based emissions reduction project that will create carbon credits aligned with Article 6 of the Paris Agreement.
Read MoreJapan’s MOL on track to meet 2030 emissions reduction target
Japanese shipping giant Mitsui OSK Lines (MOL) is well on track to reach its 2030 emissions reduction target and met its 2023 goal without using any carbon credits, according to the latest company data.
Read MoreHong Kong exchange adds Gold Standard credits to voluntary carbon marketplace
Hong Kong Exchanges and Clearing (HKEX) has listed Gold Standard’s Verified Emission Reductions (GS-VERs) on its voluntary marketplace Core Climate, it announced Thursday.
Read MoreChina environment ministry approves 2023-24 permit allocation plan
China’s environment ministry on Wednesday evening announced it had approved, in principle, a draft allocation plan that will determine the supply-demand dynamics in the national emissions market over the 2023-24 period.
Read MoreKorean research institute seeks commercialisation of low-carbon seawater desalination technology
A Korean geoscience research institute is pursuing the commercialisation of an emerging seawater desalination technology that can reduce CO₂ through brine treatment.
Read MoreChina to include methodologies on coal mine gases, tunnel lighting systems under CCER programme
China is planning to add two methodologies to its national voluntary carbon credit programme, as the world’s biggest-emitting nation aims to drive down GHG emissions from its coal mining and transportation sectors.
Read MoreJapan livestock farming hub to promote offset projects, develop crediting methodology
One of Japan’s agricultural cooperatives has teamed up with several domestic partners to kick off a comprehensive emissions reduction programme in the hope of driving down emissions from the country’s livestock sector.
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