Japan’s MOL, others look to use animal manure to fuel factories, vessels

Published 10:34 on August 19, 2024  /  Last updated at 10:34 on August 19, 2024  / /  Asia Pacific, Japan, Nature-based, Shipping, Voluntary

A group of six organisations, including Japanese shipping firm  Mitsui OSK Lines (MOL), have come together to launch a feasibility study on the production and use of biomethane from animal manure in order to fuel the country’s factories and vessels, a statement released Monday said.

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GenZero signs MoU with energy firm, asset manager to retire coal-fired power plant in Philippines using ‘transition credits’

Published 12:05 on August 16, 2024  /  Last updated at 12:05 on August 16, 2024  / /  Asia Pacific, International, Other APAC, Paris Article 6, Voluntary

GenZero, a subsidiary of Singaporean government-owned investment firm Temasek, has signed a Memorandum of Understanding (MoU) with a Philippines-headquartered energy company and a global asset manager to explore the use of ‘transition credits’, starting with the retirement of a coal-fired power plant in the Philippines, it announced Friday.

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India should include power sector in ETS, report says

Published 12:37 on August 14, 2024  /  Last updated at 12:37 on August 14, 2024  / /  Asia Pacific, Other APAC, Voluntary

India should include the power sector in its planned emissions trading scheme to make it more effective, as exempting it would leave 40% of national greenhouse gas emissions unregulated, according to a report released this week.

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Thai consortium launches voluntary carbon trading platform for events

Published 08:39 on August 14, 2024  /  Last updated at 08:58 on August 14, 2024  / /  Asia Pacific, Other APAC, Voluntary

Five organisations in Thailand have signed a Memorandum of Understanding (MoU) to launch a carbon trading platform for small- and medium enterprises (SMEs) in order to hold sustainable events, they announced Wednesday.

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Sri Lanka launches 30×30 biodiversity programme, seeks to raise $1.5 bln in funding

Published 13:21 on August 13, 2024  /  Last updated at 13:21 on August 13, 2024  / /  Asia Pacific, Biodiversity, Nature-based, Other APAC, Voluntary

The Sri Lankan government has launched a programme to conserve 30% of the country’s land and ocean by 2030 while aiming to attract $1.5 billion in green investments between 2025 and 2030, the president’s office announced Monday.

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Climate watchdog calls for Malaysian project to be rejected

Published 10:26 on August 13, 2024  /  Last updated at 10:26 on August 13, 2024  / /  Asia Pacific, Biodiversity, Nature-based, Other APAC, Voluntary

Environmental watchdog RimbaWatch has called for the halt of a 2,228-hectare palm oil project proposed on a virgin peat swamp forest in the Terengganu state in Malaysia, which it says will lead to the loss of carbon stocks and endangered species.

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CCUS not a viable option for retrofitting of existing thermal power plants -Indian official

Published 10:45 on August 12, 2024  /  Last updated at 10:45 on August 12, 2024  / /  Asia Pacific, Other APAC, Voluntary

The feasibility of carbon capture, utilisation, and storage (CCUS) is highly uncertain, making it an unviable option for the retrofitting of existing thermal power plants, an Indian government official has told the upper house of Parliament.

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INTERVIEW: Malaysian carbon alliance to back ASEAN interoperable carbon market, says inaugural president

Published 10:01 on August 12, 2024  /  Last updated at 10:01 on August 12, 2024  / /  Asia Pacific, International, Nature-based, Other APAC, Voluntary

One of the many goals of the newly-formed carbon market alliance in Malaysia is to support an interoperable carbon market across the Association of Southeast Asian Nations (ASEAN) region, the association’s inaugural president has told Carbon Pulse.

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Malaysia to revise NDC by February, conclude review of climate bill by June next year -official

Published 07:56 on August 9, 2024  /  Last updated at 07:56 on August 9, 2024  / /  Asia Pacific, Climate Talks, International, Other APAC, Voluntary

Malaysia will revise its Nationally Determined Contribution (NDC) targets by February and conclude the review of its climate change regulations by June 2025, an official told a conference Thursday.

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High integrity carbon markets a “game changer” for developing countries -World Bank

Published 11:24 on August 8, 2024  /  Last updated at 11:24 on August 8, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6, Voluntary

Carbon markets globally are being held back due to a lack of trust, but they could be a game changer in advancing climate action and bring tangible benefits, especially for developing countries, according to a report published by the World Bank.

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