India ETS needs stakeholder engagement, alignment with overseas schemes, think-tank urges
India should align the early phase of its transition towards establishing a carbon market with the development of an emissions trading scheme (ETS) that is similar to what exists elsewhere in Asia and the rest of the world, an Indian energy policy think-tank report has recommended.
Read MoreAsia’s domestic, international carbon markets entangle, but room for growth in both, panellists say
The development of international carbon markets is likely to run parallel with growth in both voluntary and compliance domestic carbon markets in Asia, with the various systems showing signs of convergence in some cases, a webinar on the future of carbon markets in Asia was told on Wednesday.
Read MoreCarbon pricing regime key to Malaysia’s net zero, nature conservation goals -report
Malaysia’s approach to carbon pricing should integrate the twin objectives of reducing emissions from the energy sector with the protection of carbon sinks in forestry in order to enable the Southeast Asian economy to reach its net zero goals, a report from a local think-tank has recommended.
Read MoreGlobal methane emissions from energy inched up in 2022, but high fossil fuel prices make mitigation affordable -report
Global methane emissions from energy-related activity increased slightly in 2022 to reach nearly 135 million tonnes per year, gradually inching back towards pre-Covid levels and reflecting that output of the potent greenhouse gas is stubbornly not on track with the International Energy Agency’s (IEA) net zero emissions by 2050 scenario, the Paris-based organisation stated on Tuesday.
Read MoreIndia’s Article 6.2 listing can boost carbon markets, access to finance, but roadmaps now needed, analysts say
India’s publishing of a list of carbon credit activities that can be traded under Article 6.2 has been welcomed by local market observers as a further step in developing the country’s carbon market infrastructure with global links, while policy analysts posited that the Indian government could now outline specific roadmaps for each mitigation activity that was designated under the Paris Agreement provision.
Read MoreAustralian heavy industry can decarbonise in line with 1.5C with over A$600 bln investment by 2050 -report
Heavy industries in Australia can cut their emissions by as much as 92% by 2050 in an ambitious decarbonisation scenario outlined in a report from an industry-led study group released in Sydney on Monday.
Read MoreGlobal initiative launched to restore 1 mln hectares of kelp forests by 2040
A first global initiative has been launched by marine ecologists in Australia that sets an ambitious target of restoring 1 million hectares of kelp forests by 2040, aiming to reverse the climate change-induced decline of the ecologically valuable seaweed species, it was announced on Sunday.
Read MoreRio Tinto joins trader Marubeni to secure low-carbon aluminium supply chain
Rio Tinto and trading house Marubeni have agreed to a first sale under a new strategic collaboration agreement to secure the supply of the mining giant’s low-carbon aluminium products to downstream Japanese customers, the two companies announced on Thursday.
Read MoreAustralian start-up forms partnership with European industrial to develop mineral carbonation tech
An Australian low carbon technology start-up has signed a long-term strategic co-operation agreement with Austria’s RHI Magnesita, a supplier of refractory materials for heavy industries such as steel and cement, to help decarbonise the European company’s own global operations, it announced on Wednesday.
Read MoreChinese insurance giant launches policy to protect marine environment, ocean carbon sink
Ping An, one of the largest integrated financial groups in China, has launched its first ocean carbon sink index insurance policy in an initiative that will also help to protect marine ecological systems, the company has announced.
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