ID Market: Trade drops after July spike

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / and /  Asia Pacific, Other APAC

Trade on Indonesia’s carbon exchange dropped in August over July with only 176 tonnes of CO2e traded compared to the prior month’s 4,801.

Read More

Work on Vietnam’s first flue gas CCS project announced

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, Other APAC

An engineering company is looking to develop Vietnam’s first carbon capture storage and utilisation (CCUS) project for the country’s coal-fired power plants.

Read More

Oil and gas basins with clean energy opportunities could be new frontiers, consultancy suggests

Published 14:51 on September 2, 2024  /  Last updated at 14:51 on September 2, 2024  / /  Asia Pacific, International

Oil and gas provinces that integrate low-carbon energy into extraction for lower overall carbon intensity could be classed as ‘premium’, according to an energy consultancy.

Read More

APAC carbon service provider, biodiversity project developer launch hybrid credit solution

Published 10:59 on September 2, 2024  /  Last updated at 10:59 on September 2, 2024  / /  Asia Pacific, Australia, Biodiversity, International, Nature-based, Voluntary

An Australian biodiversity credit provider has partnered with a carbon credit supplier for what they describe as a new environmental impact offering which combines traditional nature-based credits with one square metre of 20-year biodiversity protection.

Read More

Australian agriculture giant announces carbon partnerships with farmers

Published 10:28 on August 30, 2024  /  Last updated at 10:28 on August 30, 2024  / /  Asia Pacific, Australia, Voluntary

An Australian agriculture giant and real estate company has announced a carbon partnership this week that aims to assist local farmers develop projects.

Read More

Think tank rates Singapore’s carbon tax as far off meeting Paris Agreement

Published 10:55 on August 29, 2024  /  Last updated at 10:55 on August 29, 2024  / /  Asia Pacific, International, Other APAC, Paris Article 6

Singapore’s compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.

Read More

Plantation carbon developer charts course on ACCU projects, pays special dividend on back of success

Published 09:02 on August 29, 2024  /  Last updated at 02:01 on August 30, 2024  / /  Asia Pacific, Australia

An Australian wood chip processor and woodfibre exporter turned carbon developer outlined its market plans Thursday, suggesting strong rewards from a tightening compliance market and large upside to its particular Australian Carbon Credit Units (ACCUs).

Read More

Australian miner says committed to ‘real zero’ by 2030, shuns offsets

Published 10:42 on August 28, 2024  /  Last updated at 10:42 on August 28, 2024  / /  Asia Pacific, Australia, Voluntary

Fortescue, one of Australia’s iron ore giants, used Wednesday’s full year financial results presentation to underline its plans to hit zero emissions for Scopes 1 and 2 by the end of this decade despite its diesel-heavy carbon footprint.

Read More

Australia bets on SAF to decarbonise crucial aviation industry

Published 13:27 on August 27, 2024  /  Last updated at 13:27 on August 27, 2024  / /  Asia Pacific, Australia, Aviation/CORSIA, International

Australia plans to decarbonise its aviation industry in coming years, both domestically and internationally, but government support will be needed to drive the uptake of sustainable aviation fuel (SAF), according to a government white paper released on Monday.

Read More

Japanese energy players sign agreement for negative carbon project with Indonesian counterpart

Published 11:08 on August 26, 2024  /  Last updated at 11:08 on August 26, 2024  / /  Asia Pacific, Japan, Other APAC, Voluntary

Two major Japanese companies and an Indonesian counterpart have agreed to a joint study on biomass energy carbon capture and storage (BECCS), hot on the heels of decarbonisation agreements signed between the governments of the two countries last week.

Read More