Malaysia stock exchange to launch VCM with carbon credit auction by end of 2022
Bursa Malaysia will launch a voluntary carbon market (VCM) later this year in a key move to facilitate growth in carbon trading in the Southeast Asian country which will be kickstarted with an initial carbon credit auction, the Kuala Lumpur-based stock exchange announced on Monday.
Read MoreHK firm teams up with Singapore transport authority to build regional carbon neutral business
A Hong Kong-listed investment company that has recently broken into the Southeast Asian market has signed a Memorandum of Understanding (MoU) with Singapore’s public transport agency to carry out carbon neutral services in the ASEAN market.
Read MoreProject developer registers largest Australian native reforestation “aggregation” project
Australia’s largest carbon aggregation project involving native reforestation has been registered with the Clean Energy Regulator (CER) and will produce around 100,000 Australian Carbon Credit Units (ACCUs), a Melbourne-headquartered environmental non-profit organization announced on Wednesday.
Read MoreIndian carbon developer EKI share price drops on confusion over carbon credit export ban
The share price of Indian carbon offset developer EKI Energy Services slumped by nearly 20% on Wednesday in the fallout from India’s energy minister stating that the country would not export any carbon credits until it has met its international climate commitments.
Read MoreIndia carbon market likely to be rolled out in three phases leading to compulsory scheme, research note says
India’s carbon market framework is likely to be rolled out over three phases, with the government leveraging its experience with existing schemes to develop voluntary markets in the first two, ultimately progressing to a fully-fledged compulsory scheme in the third, according to a research note from an Indian securities firm.
Read MoreCalifornia’s 100-year forest offset reserve set aside for wildfires exhausted in less than a decade, research finds
Wildfires in the US have depleted at least 95% of California’s forest offset buffer pool in just one decade, a reserve mechanism used by the state’s forest carbon offsets programme, which is designed to protect against the risk of damage to forests from natural disasters for a period of 100 years, research has found.
Read MoreAnalysts cautiously optimistic for India’s carbon market framework as details still to emerge
A bill to establish a national framework for carbon market trading and mandate low carbon energy use that was introduced to India’s parliament on Tuesday has been met with cautious optimism by analysts, with specific details over how it will operate to further the government’s emissions reduction agenda still to be developed.
Read MoreIndia introduces bill to establish carbon market, mandate green energy use
The Indian government on Wednesday introduced to parliament its Energy Conservation (amendment) bill, which seeks to establish a national framework for carbon markets and mandate the use of green and low carbon energy use.
Read MoreSingapore signs MoU with Colombia for Article 6-guided cooperation on carbon credits
Singapore has signed another Memorandum of Understanding (MoU) for bilateral collaboration on carbon credits in alignment with Article 6 guidelines, this time with Colombia, Singapore’s Ministry of Trade and Industry has announced.
Read MoreAustralian start-up wins investor backing for tech to boost electrolyser efficiency, lower green hydrogen costs
An Australian technology start-up firm has raised A$42.5 million ($29.8 mln) from a group of local and international backers to improve the performance of electrolysers and lower the cost of manufacturing renewable-based hydrogen, the company announced on Tuesday.
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