South Korea urged to increase auctioned share of CO2 permits in ETS
South Korea needs drastic policy changes to improve the efficiency of the country’s obligatory carbon market, including the phase-out of free allowance allocation for the power sector, environmental groups have urged.
Read MoreJapanese oil major teams up with domestic partner to drive down emissions in livestock farming
A top refiner in Japan has secured another partnership to carry out emissions reduction projects in the country’s livestock production industry, targeting the abatement potential in dairy and beef cattle farming for the carbon credit market.
Read MoreLittle clarity on emissions pathway could complicate China’s climate targets, report says
There is still little clarity on China’s emissions pathway, which experts believe could leave open the possibility of emissions increases until 2030 and very slow reductions afterwards, despite recent policy progress, according to a report published Wednesday.
Read MoreJapanese policymakers propose 60％ emissions cut for 2035 NDC
Japanese policymakers have proposed setting a 2035 target of cutting greenhouse gas emissions by 60% compared to 2013, as the government is considering a linear path for the country to reach net zero by mid-century.
Read MoreSouth Korea, Malaysia to work together on international emissions reduction projects
South Korea and Malaysia have teamed up to cooperate on GHG emissions initiatives, initially targeting a landfill project based in Terengganu state.
Read MoreCN Markets: CEA price remains stable, weekly trading volume jumps
CO2 allowance prices in China’s carbon market remained stable over the past week, with a surge in the weekly trading volume as compliance demand continues to grow.
Read MoreJapanese leasing company to support creation of nature-based carbon credits in Southeast Asia
A Tokyo-listed financial firm has teamed up with a project developer with an increasing presence in Southeast Asia to pursue the creation of nature-based carbon credits.
Read MoreSouth Korea proposes energy system roadmap, highlights use of nuclear and renewables
South Korea has proposed a ten-year roadmap for the creation of a carbon-free energy ecosystem, which the government said can bring an economic effect worth 59 trillion won ($42 billion).
Read MoreAsia-focused carbon standards team up to promote voluntary carbon market
Two carbon standard operators have teamed up to promote the development of the Asian voluntary market.
Read MoreMalaysia’s Selangor examining mechanisms to develop state’s carbon market
Malaysia’s richest state, Selangor, is exploring suitable methods and mechanisms to formulate policies for a local carbon market, according to local media.
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