China seeking comments on steel sector emissions accounting rules

Published 12:24 on December 5, 2024  /  Last updated at 12:29 on December 5, 2024  / /  Asia Pacific, China

China’s environment ministry is seeking comments on emissions accounting rules for domestic steelmakers, as the sector will soon be included in the national emissions trading scheme.

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Chinese emissions exchange launches carbon pledge services for local ETS

Published 10:09 on December 5, 2024  /  Last updated at 10:09 on December 5, 2024  / /  Asia Pacific, China

An exchange that supports one of China’s pilot carbon markets has unveiled an online financing service targeting carbon pledges in a latest attempt to explore innovative financial instruments.

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Regional gas lobby releases legal recommendations on cross-border CCS projects

Published 05:30 on December 5, 2024  /  Last updated at 05:30 on December 5, 2024  / /  Asia Pacific, Australia, Japan, Other APAC, South Korea

An industry coalition of energy majors has released a set of recommendations for cross-border carbon capture and storage (CCS) projects in the Asia Pacific, in order to provide the necessary legal clarity in the absence of international regulations.

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Chinese papermaker secures contracts to grow carbon project pipeline

Published 08:39 on December 4, 2024  /  Last updated at 08:39 on December 4, 2024  / /  Asia Pacific, China

A Shanghai-listed forestry and paper company is gearing up for the expansion of its nature-based carbon business in China, with several new projects in the pipeline. 

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China sees first registered voluntary carbon project since market relaunch

Published 10:44 on December 3, 2024  /  Last updated at 10:44 on December 3, 2024  / /  Asia Pacific, China

China has seen the registration of a first voluntary project under its national offset scheme since the market relaunched earlier this year, moving one step closer to the issuance of new credits.

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South Korea, UNFCCC to develop Paris-aligned voluntary carbon market

Published 08:13 on December 3, 2024  /  Last updated at 08:13 on December 3, 2024  / /  Asia Pacific, International, Nature-based, Paris Article 6, South Korea, Voluntary

South Korea and the UNFCCC secretariat have agreed to jointly develop a global voluntary market aligned with the Paris Agreement, with detailed plans to be disclosed early next year.

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Demand signals needed to drive green steel development in China, report says

Published 21:00 on December 2, 2024  /  Last updated at 10:33 on December 2, 2024  / /  Asia Pacific, China

Chinese steelmakers need stronger demand signals, such as a much larger volume of purchase commitments, to spur investment in technologies to make green steel at scale, according to a report released Tuesday.

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Taiwan pledges $300 mln funds to support green investments

Published 07:43 on December 2, 2024  /  Last updated at 07:43 on December 2, 2024  / /  Asia Pacific, Other APAC

Taiwan has approved the establishment of a special fund worth NT$10 billion ($308 million), as the government aims to encourage more domestic green investments. 

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CN Markets: November sees highest monthly trading volume this year as deadline looms

Published 11:13 on November 29, 2024  /  Last updated at 10:49 on December 2, 2024  / /  Asia Pacific, China

Prices in China’s national emissions market remained stable over the past week as trading volume surged, with analysts expecting liquidity to sustain throughout the rest of the year. 

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Chinese energy giants establish industry consortium for CCUS development

Published 08:02 on November 29, 2024  /  Last updated at 08:02 on November 29, 2024  / /  Asia Pacific, China

Two state-owned Chinese energy majors are leading a new industry alliance set up to accelerate the development and commercialisation of carbon capture, utilisation, and storage (CCUS) in the country.

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