ANALYSIS: ‘Carbon neutral’ fuel trades go underground as oil majors fear criticism
Oil and gas players are continuing to strike ‘carbon neutral’ fuel deals despite a major drop off in announcements, observers told Carbon Pulse, with the firms believed to be making secretive trades involving millions of carbon credits to offset fossil fuel shipments even as they struggle to agree on how to report them.
Read MoreMalaysia’s Sarawak to develop statewide climate policy in follow-up to passage of forest carbon law
The state government in Malaysia’s Sarawak will prepare a climate change policy document in a follow up to last week’s passing in the legislative assembly of a law that laid out a framework for setting up a statewide forestry-based carbon market.
Read MoreSingapore’s CIX announces first carbon credit auction in Q3 for three projects
Climate Impact X (CIX) has formed a partnership with a UK-based carbon finance firm to hold its first auction for nature-based carbon credits, the newly-formed Singapore-based carbon exchange announced on Wednesday.
Read MoreTrafigura teams up with software firm to set up platform for tracking supply chain emissions
Trafigura has joined forces with a US software company, Palantir, to develop a technology services platform for the calculation and reporting of emissions across commodity supply chains, the global commodities trader announced on Tuesday.
Read MoreIndia’s Gujarat signs MoU to design emissions trading scheme
India’s Gujarat state government has signed a memorandum of understanding (MoU) with a US university and a local non-government organisation to establish and design a cap and trade market for emissions from large industrial sources, it announced this week.
Read MoreMalaysia’s Sarawak state passes landmark bill to buck trend on forest carbon for VCM
The Malaysian state of Sarawak will be the Southeast Asian country’s first jurisdiction to establish rules for forest carbon activity with the successful passage in the state’s legislative assembly of a forestry bill on Thursday.
Read MoreG7 can lead the way to reduce global heavy industry emissions, IEA says
G7 economies are well placed to be the first movers to reduce emissions from heavy industry, in turn setting out a path for the rest of the world to decarbonise the emissions-intensive sector, a report from the International Energy Agency (IEA) released on Thursday has said.
Read MoreGreen hydrogen body launches global standard to boost industry credentials
A global standard for green hydrogen, the world’s first, has been launched by the newly-formed Green Hydrogen Organisation (GH2) at an industry conference, reflecting stepped up efforts to promote the production and utilisation of the emerging low carbon fuel.
Read MoreMalaysia’s Sarawak state introduces new bill to govern forest carbon activity
A bill being considered by Sarawak’s local legislative body will, if passed, make it the first state in Malaysia able to grant licences for “forest carbon activity” in permanent forest and state land, according to local media reports.
Read MoreSoutheast Asia needs sharp investment ramp-up to achieve big cut in emissions by 2050, IEA says
Southeast Asia’s reliance on fossil fuels to meet its rapidly growing energy needs is a significant vulnerability given today’s energy crisis, but regional efforts to meet climate and energy security goals will need a sharp increase in investment, the International Energy Agency (IEA) warned in a report released Tuesday.
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