Malaysian carbon exchange to auction country’s first nature-based carbon credits
The Bursa Carbon Exchange (BCX) will soon auction carbon credits generated from a forestry project in the state of Sabah – the first auction of nature-based credits generated within the Malaysian territory, the exchange announced Monday.
Read MoreLand grabs for carbon offsetting projects, mostly in Africa, Latin America, threaten global food production -study
Global food production is under threat from the spread of carbon projects that interfere with the livelihoods of small-scale farmers and indigenous peoples worldwide, particularly in sub-Sahara Africa and Latin America, research released Monday has found.
Read MoreNepal urged to involve private sector in Article 6
Nepal should make it easier for private sector actors to engage in Article 6 projects to help make sure the country can meet its commitments under the Paris Agreement, the UN Development Programme (UNDP) said Friday.
Read MoreThai govt, tech firm to financially support coastal communities through carbon credit sales
The Thai government has teamed up with a Bangkok-based technology firm to provide financial support to the coastal communities through the creation and sale of carbon credits from a flagship mangrove restoration programme.
Read MoreGold Standard teams up with industry body to aid carbon project development in Indonesia
Voluntary carbon certification body Gold Standard and the Indonesia Carbon Trade Association (IDCTA) have set up a taskforce to develop carbon market regulation and infrastructure in the Southeast Asian nation, aligned with domestic and international markets, the body announced Wednesday.
Read MoreASEAN region runs risk of “severe underinvestment” from the private sector across all energy technologies
Southeast Asia is witnessing significant underinvestment in the energy transition and renewable energy, mostly because the private sector has been contributing a negligible percentage of its asset base, a financial consultant told a virtual conference on Wednesday.
Read MoreOil-rich Kazakhstan joins global carbon pricing alliance
Kazakhstan has become the latest country to join the Global Carbon Pricing Challenge (GCPC) – an initiative aiming to cover 60% of the world’s emissions with carbon pricing by 2030 – the Central Asian nation announced Tuesday.
Read MoreMongolian non-profit launches voluntary forest carbon programme
An Ulaanbaatar-based non-profit has launched a domestic voluntary forest carbon credit scheme, targeting domestic emitters, particularly in Mongolia’s booming mining sector, as well as foreign buyers.
Read MoreGlobal carbon capture tech “prohibitively expensive”, Indian companies should use domestic solutions instead -official
Carbon capture technologies offered by foreign companies are prohibitively expensive, however, the use of domestic technologies can help Indian companies bring down the costs of decarbonisation drastically, an official told a webinar Thursday.
Read MoreJapanese startup raises $1.5 mln in seed funding for completing DAC prototype, business expansion
A Tokyo-based direct air capture (DAC) startup has raised 250 million yen ($1.5 mln) in seed funding to complete the prototype of its DAC system and business expansion, the firm announced.
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