Global shipping campaign launches ‘Beyond Methane Pledge’ to end LNG use
The Say No to LNG campaign has launched the ‘Beyond Methane Pledge’ in an attempt to put an end to the expansion of liquefied natural gas (LNG) and other methane-based fuels, and eventually phase out their use in all sectors by 2030, the campaign announced Thursday.
Read MoreBRIEFING: Amid steel boom, Malaysia faces rising CBAM costs, climate target challenge
Malaysia is expecting rapidly rising carbon emissions from its steel sector, which is expanding utilising CO2-intensive equipment that could put its climate targets at risk while imposing bigger costs under the EU Carbon Border Adjustment Mechanism (CBAM).
Read MoreArticle 6 baseline settings must take progressive approach, go beyond Kyoto-era methodologies -World Bank
Methodologies under Article 6 of the Paris Agreement need to go beyond the Kyoto Protocol’s Clean Development Mechanism (CDM) baseline determination, even as CDM can serve as a reference for Paris Agreement methodologies, according to a World Bank and Climate Warehouse paper.
Read MoreSouth Korea launches first e-mobility project in Cambodia to generate ITMOs
South Korea has launched the first greenhouse gas reduction project through e-mobility in Cambodia, which will create internationally transferred mitigation outcomes (ITMOs) under Article 6 of the Paris Agreement.
Read MoreWatchdog identifies endangered forest land in two Malaysian states listed for online sale
Over 85,000 hectares of potentially endangered forests in two major Malaysian states are advertised for sale on online marketplaces, a rapid response report by climate watchdog Rimbawatch revealed Friday.
Read MoreMalaysia’s first nature-based carbon credits go under the hammer
Bursa Carbon Exchange (BCX) has carried out the auction of Malaysia’s first nature-based carbon credits from the Kuamut Project in Sabah, the exchange announced Thursday.
Read MoreHigh operational costs limiting Thailand’s voluntary carbon market -report
High operational costs, including that of of assessment and certification of carbon credits, has hindered the growth of Thailand’s domestic carbon market, a report released this week has found.
Read MoreMalaysia’s Sabah to launch mangrove action plan
The state government of Sabah in Malaysia will soon launch a Sabah Mangrove Action Plan for the conservation of its mangrove forests, its chief minister has announced.
Read MorePetronas acquires land for CCS hub in Malaysian state of Pahang
National oil major Petronas has inked a land rental agreement with the Kuantan Port Consortium for the development of a carbon capture and storage (CCS) hub in the state of Pahang in Malaysia, the company said in a release.
Read MoreGlobal coal demand to remain unchanged through 2025, despite rise in renewables -IEA
Global consumption of coal will remain unchanged through 2025 due to the rising demand for electricity in major economies, despite a rapid expansion of renewables, the International Energy Agency (IEA) said Wednesday.
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