Investors keeping away from carbon credits while funding climate technologies, conference hears
Investors including multilateral organisations are keeping their distance from carbon credits due to the volatile nature of the market while funding technologies to accelerate climate action, a conference heard Tuesday.
Read MoreRising electricity demand in ASEAN being met by fossils, report finds
The growth in electricity demand in the Association of Southeast Asian Nations (ASEAN) in 2023 was entirely met by fossil fuels, as expansion of renewables lagged behind, pushing the region’s emissions up by 6.6% last year, a report published Tuesday has found.
Read MoreMalaysia to introduce carbon tax come 2026, heavy-emitting industries to be hit most
The Malaysian government will introduce a carbon tax on the iron, steel, and energy industries by 2026, Prime Minister Anwar Ibrahim announced in his budget speech Friday.
Read MoreIndia approves 10 sectors for offset mechanism under carbon market regulations
The Indian government has approved a list of sectors to participate in the domestic voluntary market under the country’s Carbon Credit Trading Scheme (CCTS), based on the recommendations of the market’s steering committee.
Read MoreCote d’Ivoire forms office to expedite carbon market regulations
The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced.
Read MoreAchieving Paris goals feasible, can be compatible with economic growth -report
Achieving the targets of the Paris Agreement is feasible and can be done in a way that is consistent with economic growth and improves the overall quality of life, a report released Thursday has found.
Read MoreGGGI launches facility to catalyse $500 mln for ITMO purchases by 2030
The Global Green Growth Institute (GGGI) has launched a facility to support scaling of international carbon trading under Article 6 of the Paris Agreement and catalyse up to $500 million solely for the transactions of Internationally Transferred Mitigation Outcomes (ITMOs) by 2030, it announced Wednesday.
Read MoreANALYSIS: Absence of policy, meagre funds keep India from realising CDR potential
An absence of knowledge and policy on durable carbon removals (CDR) at the government level, along with a lack of investor interest in funding such projects, is keeping India from realising its vast CDR potential, according to experts.
Read MoreQatari organisation selects first Article 6 project for ITMO auction
A Qatar-based organisation has selected a first Article 6 project for inclusion in an Internationally Transferred Mitigation Outcomes (ITMOs) auction on a blockchain platform, it announced Thursday.
Read MoreExchange sets out to create ASEAN regional carbon market framework
Bursa Malaysia, the Malaysian stock exchange, is pushing for a common carbon framework for the Association of Southeast Asian Nations (ASEAN) region, it announced Thursday.
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