Western Australia releases CCUS action plan, allocates $17 mln for two major projects

Published 07:58 on November 21, 2024  /  Last updated at 07:58 on November 21, 2024  / /  Asia Pacific, Australia

Western Australia on Thursday announced the state’s inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.

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Japan to release policy draft on domestic carbon market soon -media

Published 08:35 on November 20, 2024  /  Last updated at 08:35 on November 20, 2024  / /  Asia Pacific, Japan

The Japanese government is expected to soon release draft regulations for its planned emissions trading scheme, requiring hundreds of domestic emitters to participate in the programme, according to domestic media reports.

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New Zealand seeks public feedback on 2035 NDC

Published 05:27 on November 20, 2024  /  Last updated at 05:27 on November 20, 2024  / /  Asia Pacific, New Zealand

New Zealand’s environment ministry is seeking comments on the country’s 2035 international climate change target, as the government is set to finalise the latest Nationally Determined Contribution (NDC) in the coming months.

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COP29: Singapore, Japan set overseas carbon credit targets for 2030 NDC

Published 10:37 on November 19, 2024  /  Last updated at 10:49 on November 19, 2024  / /  Asia Pacific, International, Japan, Other APAC, Paris Article 6

Singapore and Japan have formulated purchase targets for Paris-aligned carbon credits through 2030.

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South Korean project developer gears up for expansion in Africa, Central Asia

Published 08:49 on November 19, 2024  /  Last updated at 08:49 on November 19, 2024  / /  Africa, Asia Pacific, EMEA, Other APAC, Paris Article 6, South Korea, Voluntary

A carbon offset project developer from South Korea has secured international partnerships for its expansion into Africa and Central Asia, as it seeks to diversify its project portfolio and seize opportunities in international carbon markets.

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Australian oil major sets 2040 carbon storage target

Published 06:15 on November 19, 2024  /  Last updated at 06:15 on November 19, 2024  / /  Asia Pacific, Australia

Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.

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Japanese trading house, energy company to promote AI-based evaluation system for carbon credits

Published 10:57 on November 18, 2024  /  Last updated at 10:57 on November 18, 2024  / /  Asia Pacific, Japan, Voluntary

One of Japan’s largest trading houses has teamed up with a domestic energy company to develop the use of AI tools in evaluating carbon credit quality, they announced Monday.

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China thermal power growth slows in October, solar and wind expansion continues

Published 08:56 on November 18, 2024  /  Last updated at 08:56 on November 18, 2024  / /  Asia Pacific, China

Growth in China’s thermal power generation slowed in October with a sustained high level of coal output, with analysts remaining optimistic about the country’s emissions reduction trajectory given the current pace of renewables expansion.

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CN Markets: CEAs extend record high again, volume continues to increase

Published 11:12 on November 15, 2024  /  Last updated at 11:12 on November 15, 2024  / /  Asia Pacific, China

Chinese carbon prices hit record highs again over the past week as the emissions market continued to gather momentum from emerging demand ahead of the year-end compliance deadline.

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COP29: South Korea seeks Article 6 opportunities in blue carbon, forestry projects

Published 11:06 on November 14, 2024  /  Last updated at 11:06 on November 14, 2024  / /  Asia Pacific, Nature-based, Paris Article 6, South Korea

South Korea is seeking to expand international partnerships on blue carbon and forestry projects, as part of its efforts to secure credits aligned with Article 6 of the Paris Agreement.

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