Japan prepares legislation for domestic ETS
The government of Japan has approved several revisions to current regulations to legalise the country’s planned emissions trading scheme, in a latest attempt to add legal clout to the carbon market.
Read MoreChina’s Tianjin to lower emissions threshold, add more companies to local ETS
One of China’s pilot emissions markets will add more participants in the future, as the regional government is set to lower the mandatory threshold for emitters.
Read MoreCN Markets: CEAs dip towards 90 yuan mark, CCERs move up amid shrinking supply
Permit prices in China’s national emissions market continued to fall over the past week amid slow compliance demand, while the voluntary market saw offset prices at relatively high levels, though with near-zero liquidity due to the lack of supply.
Read MoreSouth Korea targets 70% carbon-free electricity by 2038
South Korea plans to generate more than 70% of its electricity from carbon-free sources by 2038, according to its latest basic energy policy that will guide the development of power generation sectors in coming years.
Read MoreSouth Korea strengthens support for SMEs to grapple with CBAM
South Korea has issued a public call exclusively for domestic small and medium-sized enterprises (SMEs) to help them meet emissions reporting and verification requirements, as the implementation of the EU’s carbon border adjustment mechanism (CBAM) draws near.
Read MoreOptimising afforestation pathways can drive down China’s abatement cost -study
Afforestation should play a more significant role in addressing the financial challenges of achieving carbon neutrality in China, especially as the country pursues deep decarbonisation, according to a recent study.
Read MoreJapan releases NDC, energy policy to 2040
Japan has approved three sets of policies that will shape the trajectory of the country’s emissions trends and energy development through 2040, including finalising its next Nationally Determined Contribution (NDC) under the Paris Agreement.
Read MoreANALYSIS: South Korea sees clearer ETS trajectory with 10-year roadmap, but oversupply issue may linger
South Korea’s latest roadmap for its domestic emissions trading scheme offers a glimpse of how the government plans to operate the market, though participants are still awaiting more policy updates to address persisting oversupply.
Read MoreCN Markets: CEAs barely move amid demand dip, liquidity drain
China continued to see muted trading activity in its national emissions market over the past week amid lacklustre compliance demand, while the national voluntary market remained stagnant without injection of new supply.
Read MoreJapanese developer builds new rice project in Philippines as JCM methodology coverage expands
A Tokyo-based developer has added another initiative to its project pipeline in the Philippines, taking advantage of the Southeast Asian country approving a new methodology under the bilateral Joint Crediting Mechanism (JCM).
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