Malaysia releases updated national climate change policy
The Malaysian Ministry of National Resources and Environmental Sustainability (NRES) on Monday announced an updated climate change policy, which includes a new framework for the country’s transition towards a low-carbon economy.
Read MoreINTERVIEW: Undeterred by policy inadequacy, Pakistani non-profit hopes to turn the tide for country’s voluntary carbon market
A non-profit in Pakistan is endeavouring to get the much-needed carbon finance into the country heavily impacted by climate change, despite the lack of clear pathways for offset projects to scale.
Read MoreOffset developer partners with Kenyan business consortium to support carbon markets, scale climate finance
A carbon offset project developer has formed a partnership with a business consortium in Kenya to scale up private sector finance in order to support carbon markets and scale climate finance in the East African nation, the partners announced Wednesday.
Read MoreGerman nature-based trading platform, Thai consultancy launch regional coalition to fight climate change, biodiversity loss
A Berlin-headquartered environmental trading platform has partnered with a Bangkok-based consultancy to launch Southeast Asia Carbon Coalition (SEACC) for tackling climate change and biodiversity loss, the partners announced Wednesday.
Read MoreADB grants $500 mln loan to Indonesia for energy transition
The Asian Development Bank has approved a $500 million policy-based loan to help Indonesia accelerate its energy transition and achieve its net zero targets.
Read MoreJapan awards grant to two carbon developers for methane reduction projects in the Philippines
A Singapore-headquartered biochar company and a Japanese developer specialising in methane reduction projects have been awarded a grant to reduce emissions from rice fields in the Philippines, they said in a joint statement.
Read MorePower sector the ‘lynchpin’ to meeting Paris goals in lower-income economies, says World Bank
The application of carbon pricing in the power sector will be crucial to meeting climate goals set under the Paris Agreement, however, approaches must be altered to the needs of low- and middle-income countries and the challenges they face, said World Bank’s latest report launched Thursday.
Read MoreWorld Bank heralds gains in carbon pricing across emerging economies despite political, economic risks
Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.
Read MoreTokyo-based carbon developer teams up with provincial govt for methane reduction projects in Vietnam
A Japanese carbon project developer has signed a Memorandum of Understanding (MoU) with a provincial government in Vietnam to generate carbon credits from methane offset projects spanning 55,000 hectares of rice paddy fields in the Red River Delta.
Read MoreNon-profits call on Malaysian PM to overhaul timber certification system, align with EUDR
Malaysia’s Prime Minister Anwar Ibrahim should reform the “broken” Malaysian Timber Certification Scheme (MTCS) due to the challenges faced by Indigenous communities, while urging it to be aligned with the EU’s Deforestation Regulation (EUDR), according to a group of non-profits.
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