Asian shipowners urged to budget for rising carbon costs as EU rules tighten
A maritime carbon management company has put out a call urging shipowners in Asia to incorporate carbon cost exposures into financial planning, as the industry contends with the development of fragmented regional emissions regulations.
Read MoreVCM REPORT: CORSIA prices hover below $13/t as trading volumes surge
Benchmark ICE CORSIA futures hovered within the mid-$12 per tonne range last week, as bullish momentum from the European Commission’s Emission Trading System (ETS) revision announcement tapered off.
Read MoreSoutheast Asia could earn $12.6 bln from agriculture-related voluntary carbon projects -report
Voluntary carbon markets could deliver up to $12.6 billion a year to support agrifood decarbonisation in Southeast Asia, yet researchers caution that the region’s funding shortfall remains severe.
Read MoreAsian fund raises $48 mln to scale climate‑smart land‑use lending for Indonesian SMEs
An Asian investment management firm has raised $48 million in blended finance to fund climate-smart land-use practices in Indonesia.
Read MoreSingapore to advance into second phase of state‑run Article 6 procurement
Singapore plans to issue a call for project proposals for Article 6 compliant credits in the coming weeks, as the first stage of supplier pre-qualification under its second major request for proposals (RFP) wrapped up earlier this month.
Read MoreZambian cookstove project secures $10.7 mln in debt financing for Swiss Article 6 deal
An African cookstove developer has received $10.7 million in debt financing on the back of an Article 6.2 offtake agreement with Switzerland.
Read MoreDraft Singapore bill could spur carbon credit demand from data centres
Singapore’s draft Digital Infrastructure Bill, currently under public consultation, would allow regulators to penalise data centre operators that fail to meet environmental sustainability requirements, including by requiring them to surrender carbon credits to compensate for any resulting increase in emissions.
Read MoreAustralia’s CCUS ambitions undercut by policy gaps -report
Australia’s policy environment for carbon capture, utilisation, and storage (CCUS) is “among the least enabling” out of all high-income countries, despite positioning itself as a leader in the technology, a report found.
Read MoreVCM REPORT: CORSIA futures jump above $12/t on EU ETS reform package, despite complications for global aviation
ICE CORSIA Dec-26 futures continued their upward swing last week, rising to $12.50/t by the end of Friday, from $10 per tonne the previous week, as the European Union proposed to extend EU Emissions Trading System (ETS) coverage to some international flights while continuing “support for multilateralism” through a CORSIA cost deduction mechanism.
Read MoreAgri-tech startup raises $31 mln to scale low-emission rice operations in Southeast Asia
A Singapore-based agri-tech startup has raised $31 million in a Series B financing round to scale low-emission rice production across Southeast Asia.
Read More