Australian developer eyes large enterprise partners in scaled-up nature pilot
An Australian biodiversity project developer is looking to work with major corporations to set up a series of nature protection projects across the country.
Read MorePhilippines lawmakers approve carbon trading bill
The Philippines House of Representatives on Tuesday approved a bill that would set up a domestic emissions trading scheme with offset provisions as well as task the government with establishing a framework for trading carbon credits under the Paris Agreement.
Read MoreNew Zealand announces modest target increase in 2035 NDC
New Zealand on Thursday announced its nationally determined contribution (NDC) for 2035, modestly deepening its emissions reductions goal while switching to a single-year target from a multi-year one in the current decade.
Read MoreMicrosoft funds Swedish biodiversity credit project
A Swedish project that protects and restores valuable butterfly habitat is able to continue and expand after Microsoft provided funding for a local non-profit to buy all the biodiversity credits generated from the project over a two-year period.
Read MoreJapan, Philippines reject firewood cookstove methodology for JCM
The joint committee (JC) regulating the Japan-Philippines Joint Crediting Mechanism (JCM) has rejected two proposed methodologies amid concerns they might lead to over-crediting, including one for high-efficiency firewood cookstoves.
Read MoreInclusion of cement will balloon China ETS size, but only add marginal demand, analysts say
Bringing the cement sector into China’s emissions trading scheme will see the total amount of CO2 regulated by the market grow by over a billion tonnes of CO2, but only lead to a minor increase in emissions, analysts have predicted.
Read MoreHong Kong govt advisors say two-way link with China crucial for carbon hub status
An advisory body to the Hong Kong government has outlined the main steps needed to establish itself as a major carbon trading hub, focusing on securing a position as a link between Mainland China and the global market.
Read MoreNew Zealand resists major changes in latest emissions reduction plan
New Zealand on Wednesday released its final emissions reduction plan for 2026-30, sticking to the same target budget as in the July draft despite coming under criticism for it.
Read MoreIndonesia vows to phase out coal-based power plants by 2040
Indonesian President Prabowo Subianto has pledged to phase out all of the country’s coal-fired and fossil fuel-based power plants over the next 15 years.
Read MoreCOP29: Indonesia rolls out standard arrangement for bilateral carbon trading
Indonesia on Tuesday launched a Mutual Recognition Arrangement (MRA) to formalise bilateral carbon trading, with Japan the first nation to sign up and others expected to follow.
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