ADB 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.
Read MoreIndia launches draft green hydrogen certification scheme
The Ministry of New and Renewable Energy (MNRE) in India has launched a draft of its green hydrogen certification scheme with an aim to provide a framework for the measurement, monitoring, and certification of green hydrogen production in the country.
Read MoreIndian developer signs Ghana deal for Paris-aligned cookstoves carbon project
An Indian developer has partnered with the government of Ghana and a Singapore-based asset management fund for the production and distribution of 1 million improved cookstoves across the African nation over the next five years, the company announced this week.
Read MoreMozambique govt awards licence to UAE developer for massive blue carbon project
Mozambique’s Ministry of Land and Environment has given approval to a Dubai-based firm to restore mangroves along the degraded coastline in the Zambezia province of the African nation and generate carbon credits, the developer announced Thursday.
Read MoreWorld Bank arm invests $60 mln to decarbonise Indonesia’s second largest steel producer
The World Bank’s International Finance Corporation (IFC) has provided a loan of $60 million to the second largest steel producer in Indonesia in order to help the firm transition to low-carbon production and drive sector-wide decarbonisation.
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