China set for record high emissions in ’23 but peaking possible with renewables growth, research says

Published 00:01 on May 12, 2023  /  Last updated at 11:11 on May 11, 2023  / Peter Kiernan /  Asia Pacific, China

China’s CO2 emissions grew by 4% in the first quarter of the year, reaching a new record and putting the world’s largest GHG emitter on track for a new high in annual emissions this year, according to research released on Friday.

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CIX to release price assessments for upcoming launch of nature-based standardised contracts

Published 09:06 on May 11, 2023  /  Last updated at 09:06 on May 11, 2023  / Peter Kiernan /  Asia Pacific, Nature-based, Other APAC, Voluntary

Singapore-based Climate Impact X (CIX) will shortly release a suite of price assessments that track the value of carbon credits in its upcoming standardised contracts based on REDD+ projects, which will do done in tandem with the launch of its upcoming spot trading platform, it announced on Thursday.

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Global coal plant pipeline to shrink by around half due to policies and lack of finance, study finds

Published 11:02 on May 8, 2023  /  Last updated at 11:02 on May 8, 2023  / Peter Kiernan /  Americas, Asia Pacific, EMEA, International

Additional coal power plant build will be around 50% lower than what is in the global capacity pipeline as projects will face cancellation due to policy changes and less finance, but new plants must only be allowed to have a limited lifespan if there is to be alignment with a 1.5C pathway, research released on Monday has found.

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Investment in sustainable food systems will yield drastic cut in methane emissions by 2050 -report

Published 07:33 on May 5, 2023  /  Last updated at 07:33 on May 5, 2023  / Peter Kiernan /  International

Innovations in three key sectors of the global food system, including livestock, food loss and waste, and rice cultivation, can help meet climate targets by reducing methane emissions by up to 75% by 2050, a report has found.

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Climate tech outfit launches platform to open up access for carbon credit trading

Published 04:00 on May 5, 2023  /  Last updated at 10:05 on May 4, 2023  / Peter Kiernan /  Asia Pacific, Other APAC, Voluntary

A Singapore-headquartered climate tech company has launched a climate investing platform to leverage technology with the aim to make investing in carbon markets more accessible, in so doing seeking to empower individuals to take climate action, it announced on Friday.

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CF ASIA: Integrity of nature-based projects key as credit buyers prioritise reputational risk

Published 06:44 on May 3, 2023  /  Last updated at 06:44 on May 3, 2023  / Peter Kiernan /  International, Nature-based, Voluntary

Quality and reputational risk more than price are decisive factors for buyers of nature-based carbon credits, with investors seeking to ensure that such projects have the ability to deliver on meeting climate and environmental goals, a conference heard on Wednesday.

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CF ASIA: Credit demand key for India’s carbon market development

Published 11:29 on May 2, 2023  /  Last updated at 07:25 on May 3, 2023  / Peter Kiernan /  Asia Pacific, Other APAC, Voluntary

India’s forthcoming carbon market will have little problem on the supply side, but demand for carbon credits could be an issue as the world’s third-largest emitter makes moves towards a fully operational market around the middle of the decade, panellists told the Carbon Forward Asia conference on Tuesday.

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CF ASIA: Asian economies willing to accelerate Article 6 carbon trading but need capacity build

Published 06:41 on May 2, 2023  /  Last updated at 06:51 on May 2, 2023  / Peter Kiernan /  Asia Pacific, International, Other APAC, Paris Article 6

Countries in a position to export carbon credits, especially in the Asia-Pacific region, are increasingly willing to participate in international carbon trading under the Paris Agreement but will need assistance with the complex rules as well as how to go about their implementation, panellists at the Carbon Forward Asia conference said on Tuesday.

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Japanese oil and gas producer makes carbon neutral deal with local gas supplier

Published 08:57 on April 28, 2023  /  Last updated at 08:57 on April 28, 2023  / Peter Kiernan /  Asia Pacific, Japan, Voluntary

Japanese oil and gas company Inpex has signed an agreement for the supply of what it claims to be carbon neutral gas with a local energy company, the two firms announced on Friday.

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Carbon pricing a key policy tool for Asian economies to get on net zero pathway -report

Published 07:01 on April 28, 2023  /  Last updated at 07:01 on April 28, 2023  / Peter Kiernan /  Asia Pacific, Carbon Taxes, Other APAC

Carbon pricing can be a key policy instrument to help Asian economies adopt a low-emissions pathway, with a price of at least $70 per tonne by 2030 and $153/t by 2050 considered to be high enough to trigger a transition towards low-carbon growth and for regional governments to realise net zero emissions goals, a report from the Asian Development Bank (ADB) has found.

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