SK Market: November auction again oversubscribed, spot KAU price increases
South Korea’s latest monthly CO2 permit auction was again oversubscribed with an increase in the clearing price, while sentiment in the spot market continues to improve partly due to the relaxation of the carryover rules.
Read MoreJapan to soon add DAC methodology to national offset programme
Japan is preparing to add an offset methodology for direct air capture (DAC) projects to its national voluntary J-Credit programme.
Read MoreChina can unlock vast methane reductions at negative cost, study finds
China can reduce huge amounts of methane at a profit with the greatest short-term potential available in the energy sector, though the long-term abatement outlook will depend on government support for agriculture to explore its mitigation opportunities, according to a recent study.
Read MoreSouth Korean securities firm taps into biochar, carbon removal business
One of the largest securities firms in South Korea has secured a new biochar contract that could reduce emissions from the livestock sector, as it aims to make a foray into the international voluntary carbon market.
Read MoreChina passes first-ever energy law, backs development of renewables and hydrogen
Chinese legislators have passed the country’s first energy law, giving additional legal clout to the development of renewable energy and hydrogen.
Read MoreCN Markets: CEAs extend all-time high, weekly trading volume surges
Prices in China’s national emissions market hit a fresh all-time high again the past week while trading volume surged, buoyed by growing compliance demand, though a newly introduced carryover policy may complicate the price growth outlook.
Read MoreBRIEFING: EU’s CBAM brings uncertainty to Chinese exporters, despite planned carbon market expansion
The emergence of carbon border adjustment mechanisms (CBAM) has created a heightened sense of uncertainty among Chinese exporters, despite China’s recent policy progress in expanding its mandatory carbon market, analysts said this week.
Read MoreChina’s Hubei to promote inclusive offset programme, forest carbon sinks
China’s Hubei province has announced plans to push forward a local carbon offset programme and encourage the development of forest carbon projects within the region.
Read MoreIndian carbon project developer taps into the US market, targets aviation sector
An India-based carbon credit developer and supplier has teamed up with a local partner to tap into the US market, targeting potential clients from the aviation sector.
Read MoreJapanese carbon project developer to expand business to Cambodia
A Japanese carbon project developer has teamed up with two local partners based in Cambodia to promote an increasingly popular rice-focused methodology, as it aims to tap into the Southeast Asian country’s voluntary market.
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