Relaunched CCER scheme gets boost by Guangdong mangrove plans
A Chinese company has acquired carbon sink development rights for a mangrove project in Guangdong province, which would potentially make it the first in the country to obtain nationally issued carbon credits from mangrove restoration activities.
Read MoreCN Markets: CEAs climb back to 90 yuan amid healthier volumes
CO2 allowance prices in China’s carbon market climbed above the 90 yuan ($12.41) level again over the past week amid improved liquidity, as market continue to await news on the permit supply outlook.
Read MoreJapanese shipping major invests in aquaculture venture, eyes blue carbon credits
A Japanese shipping firm has invested in an aquaculture venture to create blue carbon credits and protect marine biodiversity through kelp bed restoration projects.
Read MoreCarbon pricing can lower green premium in Asia steel sector, report says
An effective carbon price can potentially make a greener, hydrogen-based steelmaking process a cost-effective alternative for steelmakers in China and some other Asian countries, a group of researchers have found.
Read MoreDeveloped countries should contribute trillions to support climate finance, BASIC bloc says
The BASIC group of Brazil, South Africa, India, and China have repeated demands that rich countries ramp up their climate finance contributions, urging them to commit trillions of dollars to assist developing countries in reducing their greenhouse gas emissions.
Read MoreChinese province launches local carbon offset programme
Jiangxi has become the latest Chinese province to launch a local offsetting programme, with plans to create millions of carbon credits by the end of the decade.
Read MoreChina advised to seek bilateral crediting model with Belt & Road Initiative countries
China should consider creating a bilateral model with countries under the Belt and Road Initiative (BRI) to help drive down emissions through an international cooperation approach proposed by the Paris Agreement, a report has suggested.
Read MoreTokyo-based developer proposes first cookstove methodology for JCM
A Japanese developer has become the first to propose a cookstove methodology under the Joint Crediting Mechanism (JCM), potentially paving the way for a boost of supply for the scheme.
Read MorePermit surplus in China ETS negligible, according to govt data
The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.
Read MoreAPAC countries should consider complementary policies to ensure effective carbon pricing -IMF
Policymakers in the Asia Pacific should take into consideration complementary policy options such as power sector reforms and fuel tax changes when drawing up carbon pricing schemes, according to the International Monetary Fund (IMF).
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