Thai bank teams up with consultancy to decarbonise energy, agriculture sectors, promote carbon trading
A Thai state-owned bank has signed a Memorandum of Understanding (MoU) with a Bangkok-based climate consultancy to support domestic businesses and farmers in meeting their decarbonisation goals through trading of carbon credits and renewable energy certificates (RECs), it said in a statement.
Read MoreAsia warming faster than global average, says WMO’s State of the Climate report
Asia is warming faster than the global average, with warming trends in the region nearly doubling since the 1961–1990 period and the impact of heatwaves becoming more severe, said the World Meteorological Organization (WMO)’s report on Tuesday.
Read MoreIndian carbon credits not just for domestic use, will be allowed to be traded internationally -official
India will allow foreign buyers to purchase carbon credits generated in the country, the administrator of the national market told a webinar this week, seeking to clarify the government’s policy after market participants had expressed confusion about the eligibility of selling units abroad.
Read MoreGroup of 17 global banks joins call for international treaty to end use of fossil fuels
Seventeen banks globally have joined calls for a Fossil Fuel Non-Proliferation Treaty to end the use of fossil fuels and have called on the financial industry to follow their example.
Read MoreGenZero, VCMI partner to carve out role for technical innovation in “high integrity” carbon ecosystem
Temasek subsidiary GenZero has partnered with the Voluntary Carbon Markets Integrity Initiative (VCMI) to substantiate the use case for technical products such as Sustainable Aviation Fuel (SAF) certificates and understand their potential role in high integrity carbon market infrastructure.
Read MoreSouth Korea plans fund to support carbon projects, trade ITMOs -media
South Korea is planning to develop a fund to support carbon offset projects globally to generate Internationally Transferred Mitigation Outcomes (ITMOs) that the East Asian nation can use to meet its climate goals, Bloomberg reported Thursday.
Read MoreUK platform, ASEAN group partner to propel carbon market growth
A UK-based market intelligence and carbon credit procurement platform has partnered with a Southeast Asian private sector alliance to support the growth of voluntary and compliance carbon markets in the region, it announced Thursday.
Read MorePREVIEW: India heads to the polls as ruling party promises more of the same, lacks specifics on climate policies
India is one of the most vulnerable countries to global warming, but neither the political parties nor the voters have climate change issues high up on their agenda as the world’s largest democracy begins its elections on Apr. 19.
Read MoreSabah to soon list first nature-based credits on Malaysian carbon exchange
The Malaysian state of Sabah will soon receive a first tranche of verified carbon units (VCUs) for its forestry project registered under Verra, with plans to list them as the first nature-based units on the nation’s carbon exchange.
Read MoreRegional cooperation between ASEAN members can slash decarbonisation costs by $800 bln -research
Members of the Association of South East Asian Nations (ASEAN) can reduce their decarbonisation costs by $800 billion by 2050 if they work together to build power interconnectors, hydrogen networks, and energy storage infrastructure, according to research published Tuesday.
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