Japan, 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 MoreUPDATE- New 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.
Read MoreCOP16: Armenia to host 2026 UN biodiversity talks
Delegates at COP16 in Colombia on Thursday voted for Armenia as host of the next biodiversity summit in two years’ time, narrowly beating neighbour and climate COP29 host Azerbaijan.
Read MoreCOP16: Emergency session finds early cash for coral reefs, urges immediate action
A special emergency session on coral reefs at the UN biodiversity talks in Colombia on Wednesday urgently called for increased funding for reef protection, with a handful of governments and philanthropies putting up an initial $150 million for a global fund.
Read MoreCOP16: First batch of companies announce science-based nature targets
The Science Based Targets Network (SBTN) on Wednesday announced a first batch of companies that have set targets under its framework, with three major corporations taking on commitments related to freshwater and land.
Read MoreCOP16: EIB, WWF to provide early-stage funding for nature-based solutions
The European Investment Bank (EIB) and the WWF on Tuesday announced they will collaborate to mobilise early-stage funding for projects to help adapt to climate change and stave off the biodiversity crisis.
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