China’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.
Read MoreAPAC 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.
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