Interoperability between compliance, voluntary carbon markets emerging -panel
More linkages between compliance and voluntary carbon market is arising as both governments and corporates beef up net zero commitments, but stronger policy signals and targets will be necessary if the energy transition is to succeed, speakers at an oil and gas conference in Singapore claimed Monday.
Read MoreSingapore partners develop interactive dashboard for carbon projects
A group of Singaporean organisations has launched an interactive mapping software that will support the prospecting, development, and management of nature-based carbon credit projects worldwide.
Read MoreIndonesia makes slight increase to 2030 climate target in enhanced NDC
Indonesia has modestly raised its 2030 climate targets in an enhanced NDC submitted to the UNFCCC, which has also outlined the country’s requirement for finance to meet its “conditional” emissions-cutting goal that is based on receiving international support.
Read MoreSingapore emitters want clarity over access to international carbon market
Singaporean stakeholders are calling for greater clarity over the eligibility criteria for securing international carbon credits, a released government document shows, as respondents filed comments to proposed changes to Singapore’s carbon pricing scheme.
Read MoreAviation CO2 emissions heading for tripling by 2050 absent strong policy action -report
Lacklustre efforts to tackle aviation emissions by governments and industry bodies have put the sector well outside a 1.5C pathway, with global aviation emissions potentially tripling from 2019 levels by 2050 in the absence of stronger policies, a report has found.
Read MoreThai industry group sets up Southeast Asian state’s first carbon market exchange
Thailand has established its first carbon credit exchange in an effort to boost the private sector’s role in emissions reduction and contribute to the Southeast Asian country’s broadly stated goal to reach carbon neutrality by 2050, it was announced this week.
Read MoreClean hydrogen project pipeline rising but investment needs to triple by 2030 for net zero alignment -report
The number of global hydrogen projects in the pipeline has reached a new high of 680, reflecting investment of $240 billion, but investment proposals will need to reach to $700 bln by 2030 if low carbon hydrogen is to align with a net zero emissions by 2050 pathway, an industry report has said.
Read MoreFintech firms team up to improve carbon credit transparency via Singapore blockchain registry
Two fintech firms based in Singapore and France have formed a partnership to promote data-backed carbon credits with end-to-end traceability in a project that will enable greater transparency of the carbon credit lifecycle, with buyers and users able to access attributes and data of carbon credits via a standardised registry, they announced on Wednesday.
Read MoreCompliance markets struggle to influence pace of emissions abatement -report
Compliance carbon markets have only had mixed success in reducing emissions, as insufficient price levels, uncertainty over cap-setting, and loopholes mitigate their effectiveness, according to a report released Tuesday.
Read MoreGlobal collaboration needed to avoid delay in reaching net zero goals, IEA says
Faltering international collaboration threatens to undermine action to tackle climate change and could delay the achievement of net zero emissions by decades, the International Energy Agency (IEA) warned in a report released on Tuesday.
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