BRIEFING: Taiwan collects final piece in carbon levy jigsaw
Taiwan has stepped into a new era of carbon pricing as the government this week finalised long-awaited carbon levy rates for the island’s major emitters.
Read MoreSouth Korean shipbuilder teams up with industry body to decarbonise shipping
One of the largest shipbuilders in South Korea has teamed up with a clean shipping industry body to work on solutions that can decarbonise the sector, particularly ammonia and onboard carbon capture systems.
Read MoreTaiwan launches domestic offset platform, mulls cross-border carbon trading mechanism
Government-backed Taiwan Carbon Solution Exchange on Monday unveiled a platform exclusively for the trading of domestically issued carbon credits, as the island seeks to complement its carbon pricing framework.
Read MoreCN Markets: CEA prices reaches record high as compliance deadline draws nearer
Prices in China’s national emissions market hit a record high over the past week, as the market continued to gain momentum amid growing compliance demand.
Read MoreChina’s thermal power growth outpaces total output in September
China saw annual growth in thermal power production outpace total power output in September, while hydro posted a double-digit annual decline, according to government data released Friday.
Read MoreChina increases CO2 allocation levels in final ETS allocation plan for 2023-24
China’s environment ministry has released the final carbon allowance allocation plan for the years 2023 and 2024, marginally easing the settings for coal-fired power plants compared to the previous draft as some 68 million additional CO2 permits are now set to be handed out in each of the two years.
Read MoreJapanese companies team up to develop new forest offset methodology, conduct pilot project
A group of Japanese companies and academic institutions have teamed up to develop a new offset methodology and create carbon credits by utilising forests in Tokyo’s Tama region, they announced Thursday.
Read MoreJapan to lead captured CO2 trade in Asia-Pacific by mid-century, but massive government support needed -analysts
Japan is likely to emerge as the lead trading hub for captured CO2 by 2050 in the Asia-Pacific region, but at least $10 billion in government support is needed for carbon capture, utilisation, and storage (CCUS) deployment, analysts said.
Read MoreInnovative credit risk methodologies needed to scale finance for nature-based solutions, report says
Financial institutions can mobilise finance for nature-based solutions (NbS) by introducing more innovative credit risk methodologies and business models, a report has suggested.
Read MoreSK Market: Korean October CO2 auction oversubscribed, clears above 10,000 won
South Korea’s latest monthly CO2 permit auction was again oversubscribed, with analysts expecting allowance prices to remain stable around the 10,000 won ($7.35) level in the near term.
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