APAC needs $89 trillion in energy sector investment to achieve net zero, report says
The Asia Pacific region will need energy sector investments of around $89 trillion from now to 2050 to achieve net zero by mid century, according to a report released Wednesday.
Read MoreJapan to add J-Credit methodology for N2O reduction in sewage treatment
Japan is planning to add a new carbon offset methodology for sewage treatment projects that introduce N2O decomposition equipment to its national J-Credit programme.
Read MoreChina continues to back coal power overseas despite commitment, report says
China is still supporting the expansion of coal power overseas, with captive units remaining a loophole in the country’s overseas coal ban, a report has found.
Read MoreChinese regulators open to financial institutions participating in national carbon market
Chinese regulators have released guidance on the development of green finance in the country, outlining several policy targets including participation of financial institutions in the national carbon market and coordination among government agencies.
Read MoreCN Markets: CEAs hold firm amid growing demand, trading volumes surge
Prices in China’s CO2 allowance market remained above 100 yuan ($14.15) after the Golden Week holidays, with a surge in weekly trading volumes amid growing compliance demand.
Read MoreBeijing to prioritise compliance use of locally created credits
Beijing will give priority to carbon credits generated within the region, allowing emitters to use more locally created units to offset part of their obligations under the local emissions trading scheme.
Read MoreSouth Korea prepares for blue carbon trading programme, seaweed methodology
An affiliate under South Korea’s ocean ministry is preparing measures to increase the country’s blue carbon resources, with focus on the introduction of an offset programme and the cultivation of seaweeds.
Read MoreJapanese offset developer secures local partners for expansion in Thailand
A Japanese offset developer has secured partnerships with local partners to expand its presence in Thailand’s voluntary carbon sector.
Read MoreKorean trade ministry proposes sub-rules for CCUS project development
South Korea has proposed a set of sub-rules to supplement the country’s national law for the development of carbon capture, utilisation, and storage (CCUS), specifying facility standards for project operators.
Read MoreShanghai unveils local voluntary methodology for salt marsh restoration
Shanghai has introduced a voluntary methodology for salt marsh restoration to create carbon credits under a regional offsetting programme.
Read More