Host countries must be prepared for imminent demand for Article 6 credits once implemented -expert
Demand for Article 6 credits from developed countries will arise sooner rather than later, however host countries must put necessary policies in place, a conference heard this week.
Read MoreState-owned oil major determined to make Malaysia regional CCS hub
Malaysian oil and energy company Petronas intends to provide solutions to decarbonise hard-to-abate sectors and establish the Southeast Asian nation as the regional hub for carbon capture and storage (CCS), it told a conference this week.
Read MoreMalaysian industries seen aware of, but not ready for the EU’s CBAM
Industries across Asia, especially in Malaysia, are aware of the EU’s Carbon Border Adjustment Mechanism (CBAM) but are not yet “ready enough” to face it, a project developer told a conference Tuesday.
Read MoreShareholders at Kasigau firm clash with board over alleged financial mismanagement -media
Shareholders of Kasigau Ranching Company have reportedly clashed with the board of directors over how “millions of shillings” from voluntary carbon credit sales were spent, with the firm in the middle of a financial and management crisis, according to local media.
Read MoreMalaysian 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.
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