China set for record high emissions in ’23 but peaking possible with renewables growth, research says
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.
Read MoreCIX to release price assessments for upcoming launch of nature-based standardised contracts
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.
Read MoreGlobal coal plant pipeline to shrink by around half due to policies and lack of finance, study finds
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.
Read MoreInvestment in sustainable food systems will yield drastic cut in methane emissions by 2050 -report
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.
Read MoreClimate tech outfit launches platform to open up access for carbon credit trading
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.
Read MoreCF ASIA: Integrity of nature-based projects key as credit buyers prioritise reputational risk
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.
Read MoreCF ASIA: Credit demand key for India’s carbon market development
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.
Read MoreCF ASIA: Asian economies willing to accelerate Article 6 carbon trading but need capacity build
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.
Read MoreJapanese oil and gas producer makes carbon neutral deal with local gas supplier
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.
Read MoreCarbon pricing a key policy tool for Asian economies to get on net zero pathway -report
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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