Policy incentives needed to balance CDR development given wide price spreads -survey
More policy incentives are needed to encourage the nascent carbon removal (CDR) sector, given a wide gap in price perceptions among market participants, according to results of a recent pricing survey.
Read MoreChinese tech giant secures 3 mln nature-based carbon credits
A Chinese tech major has agreed a deal with a California-based climate finance company for the purchase of nature-based carbon removals to 2040.
Read MoreKorean steelmakers may face US tariffs as extra carbon permit allocation deemed subsidy
Top steelmakers in South Korea could face additional tariffs imposed by the US, as extra permit allocation to steel companies under the Korean emissions trading scheme is considered to constitute a subsidy, according to a recent judicial decision.
Read MoreCN Markets: CEA trading grinds to a halt as compliance deadline passes
Sentiment in the Chinese carbon market has fallen off a cliff in recent days after the completion of the annual compliance deadline, with permits trading below 95 yuan ($12.96) over the past week.
Read MoreChina thermal power growth slows in 2024, coal outputs reach record high
Growth in China’s thermal power generation in 2024 slowed from the previous year, buy annual production of coal and gas both reached new record highs, according to government data published Friday.
Read MoreSouth Korea backs methane reduction projects in Southeast Asia
A Seoul-headquartered intergovernmental organisation has initiated a $20 million methane mitigation programme to drive down emissions in Southeast Asia.
Read MoreChina’s Hunan releases rules for local forest carbon scheme
Landlocked Hunan province has become the latest region in China to announce guidelines for the development of its own forest carbon credit scheme.
Read MoreTaiwan seeks to bring forward ETS implementation timeline – media
Taiwan is planning to accelerate the construction work for a planned emissions trading scheme (ETS), which could be launched as early as 2026, according to local media reports.
Read MoreWestern Australia awards $21mln to three decarbonisation projects
Three clean energy projects will receive a multi-million-dollar funding boost from the government of Western Australia, according to an official announcement.
Read MoreSouth Korea to launch infrastructure fund for green marine fuel development
South Korea is planning an infrastructure fund worth one trillion won ($683 mln) to build an eco-friendly marine fuel supply chain by 2030.
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