Japanese trio commissioned to conduct CCS study in Tokyo metropolitan area

Published 08:49 on August 30, 2024  /  Last updated at 08:49 on August 30, 2024  / /  Asia Pacific, Japan

Three Japanese companies have been tasked to develop a carbon capture and storage (CCS) project to estimate the CO2 storage potential in the Tokyo metropolitan area.

Read More

Taiwan emitters to pay carbon levy from 2026, exact rates to be determined October

Published 04:21 on August 30, 2024  /  Last updated at 04:21 on August 30, 2024  / /  Asia Pacific, Other APAC

Emitters under Taiwan’s upcoming carbon levy scheme will have to officially pay for their emissions from 2026, according to a set of regulations announced by the environment ministry.

Read More

South Korea ordered to draw up carbon reduction plan through 2049

Published 11:41 on August 29, 2024  /  Last updated at 11:41 on August 29, 2024  / /  Asia Pacific, South Korea

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 More

South Korea sets up special fund to encourage green tech exports, overseas cooperation

Published 09:43 on August 29, 2024  /  Last updated at 09:53 on August 29, 2024  / /  Asia Pacific, International, South Korea

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 More

Key Asian banks see progress in establishing decarbonisation pathways, but more action needed

Published 22:00 on August 28, 2024  /  Last updated at 07:12 on August 28, 2024  / /  Asia Pacific, Japan, Other APAC, South Korea

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 More

Japanese agricultural lender backs biochar industry consortium

Published 11:13 on August 28, 2024  /  Last updated at 11:13 on August 28, 2024  / /  Asia Pacific, Japan, Voluntary

A major agricultural lender in Japan has decided to support an industry consortium that aims to utilise carbon credits created from biochar projects.

Read More

China’s Tianjin to add more companies under local ETS

Published 10:50 on August 28, 2024  /  Last updated at 10:50 on August 28, 2024  / /  Asia Pacific, China

The Tianjin municipal government is seeking to expand the coverage of companies regulated under the local emissions trading scheme (ETS).

Read More

South Korea to provide preferential loans for low-carbon investments

Published 10:10 on August 27, 2024  /  Last updated at 10:10 on August 27, 2024  / /  Asia Pacific, South Korea

South Korea is seeking to provide preferential loans to companies that make preemptive investments in projects with great emissions reduction potential. 

Read More

Japanese shipping heavyweights to conduct liquefied CO2 study for CCS value chain

Published 07:43 on August 27, 2024  /  Last updated at 07:43 on August 27, 2024  / /  Asia Pacific, Japan, Other APAC, Shipping

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 More

Korean startup to create carbon credits by electrifying Cambodian tuk-tuks

Published 10:31 on August 26, 2024  /  Last updated at 10:31 on August 26, 2024  / /  Asia Pacific, Other APAC, South Korea, Voluntary

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 More