Korean steelmaking giant urged to release blast furnace closure plans, help meet 1.5C target
South Korean steelmaking major POSCO should announce a plan to close down three blast furnaces by 2030 to help limit global warming to 1.5C above pre-industrial levels, a report has urged.
Read MoreTaiwan adds voluntary methodologies to encourage forest and bamboo management
Taiwan has given the green light to two new offset methodologies for nature-based projects, which can create carbon credits from forest and bamboo management activities.
Read MoreChina’s new economic stimulus policy adds uncertainty to emissions outlook
New economic stimulus measures to prop up household consumption could bring greater uncertainty to China’s emissions outlook, even though the country’s annual emissions may fall this year thanks to the massive additions of renewables, analysts said.
Read MoreChina should introduce uniform price auctions to national ETS, say researchers
China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.
Read MoreClimate watchdog releases draft guide to prevent greenwashing
Climate watchdog RimbaWatch has released a draft guide that aims to define what practices constitute greenwashing in Southeast Asia.
Read MoreCN Markets: CEAs touch fresh all-time high, liquidity remains stable
Prices in China’s national emissions market hit a fresh all-time high over the past week amid stable trading volumes, buoyed by growing compliance demand.
Read MoreRegulator approves 18 projects for J-Credit scheme
Japan has given the green light to the registration of 18 projects under the J-Credit scheme, which are capable of generating nearly 1.2 million carbon credits over their lifetimes.
Read MoreInvestor coalition urges Japan to provide more clarity on carbon pricing
More clarity around Japan’s carbon pricing and transition finance policies is needed to boost investors’ confidence and encourage investments in climate solutions, a group of investors have said.
Read MoreChina releases work plan to improve carbon accounting
Chinese regulators have jointly released a work plan to improve the country’s carbon accounting systems, requiring the central and regional governments to report emissions data on an annual basis.
Read MoreKorean business lobby teams up with govt agency to promote forest carbon credits
A major trade group in South Korea has teamed up with a government agency to promote the development of forest-based carbon offsets in the country.
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