EKI Energy reports net profit in last quarter following its venture into power trading
India’s leading carbon credit developer and supplier EKI Energy Services has posted a net profit of 8.4% or INR 348.3 lakh ($0.42 million) in the quarter ending June, on the back of increased income from its venture into power trading, the company announced Tuesday.
Read MoreMalaysia urges corporate sector to engage in country’s first nature-based carbon credit auction
Malaysia’s Ministry of Natural Resources and Environmental Sustainability has called on corporates to participate in the auction this week of carbon credits generated from a domestic project in order to support climate financing in the Southeast Asian nation, a statement released by the ministry on Wednesday said.
Read MoreIndia expands list of eligible activities under Article 6.2, adds list for 6.4
India has updated the list of activities that will be eligible to generate carbon credits for export under Article 6.2 of the Paris Agreement, while also finalising a list of activities for Art. 6.4.
Read MoreMalaysian Indigenous group takes governments, palm oil firm to court for breaching land rights, endangering biodiversity -watchdog
An Indigenous Peoples group in Malaysia’s Pahang state has filed a court case against a palm oil plantation firm as well as the state and federal governments over a proposed palm oil project it says breaches their land rights and endangers wildlife.
Read MoreIndia releases updated compliance carbon market regulations
The Indian government has released detailed compliance carbon market regulations, under the Carbon Credit Trading Scheme (CCTS) 2023, following months of extensive stakeholder consultations across all major cities in the country.
Read MoreBRIEFING: EU’s CBAM violates Paris Agreement principles, raises cost of decarbonisation in Global South, panellists say
The European Union’s Carbon Border Adjustment Mechanism (CBAM) is in “clear violation” of the Paris Agreement’s principle of common but differentiated responsibilities (CBDR) and places the burden of decarbonising heavy industrial sectors on the Global South, panellists told a webinar this week.
Read MoreXpansiv to launch trading of registry-specific contracts aligned with ICVCM’s CCPs
Xpansiv’s CBL spot exchange will launch on July 23 its first batch of standardised registry-specific contracts aligned with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP).
Read MoreSouth Indian state to implement ARR projects to protect state’s mangroves
A coastal state in the southern part of India is planning to implement afforestation, reforestation, and revegetation (ARR) projects to restore and protect mangrove forests in the state, local media reported Tuesday.
Read MoreIndia’s top agricultural state partners with non-profit, developer to generate agroforestry carbon credits
India’s largest farming state has partnered with a local non-profit and a Singapore-based developer for agroforestry projects across the state in order to boost farmers’ incomes through carbon credit revenue.
Read MoreThai renewable energy firm, bank launch carbon credit-linked bonds
One of the leading renewable energy companies in Thailand has partnered with a local bank to issue fixed rate bonds linked with carbon credits in order to develop the country’s carbon market.
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