BRIEFING: Japan wrestles with legal issues ahead of ETS launch
A government-appointed working group this week began grappling with legal issues flagged by economy ministry officials as potentially challenging, as Japan begins designing its mandatory emissions trading scheme slated to launch in 2026.
Read MoreSwedish biodiversity credit developer revamps methodology, launches five more pilot projects
Swedish company Qarlbo Biodiversity has revamped the methodology that saw a local bank last year pick up Europe’s first voluntary biodiversity credits and on Thursday announced five new pilot projects along with plans to invest in projects globally.
Read MoreChina releases plan to cut CO2 from energy sector
China has released an energy conservation and carbon reduction action plan it says will cut CO2 emissions from energy consumption over the next year by 130 million tonnes.
Read MoreConservation International to enter nature credit market, screen buyers
Conservation International has announced its intention to participate in the nature and biodiversity credit markets, outlining guardrails it will abide to, including refusing to sell units to fossil fuel companies and firms without zero deforestation targets.
Read MoreVerra on track to launch nature framework late this year, will pursue stewardship credits
Crediting standard Verra is on track to launch its nature framework towards the end of the year with a number of adjustments following its recent consultation process, and has decided to go ahead with testing nature stewardship credits or certificates as a separate unit type.
Read MoreNew Zealand consultation opens for weaker ETS settings, lower carbon price
New Zealand on Wednesday released its annual consultation on five-yearly settings for its emissions trading scheme, adding options that would lower the NZU price floor at auctions and allow for a ballooned Cost Containment Reserve (CCR).
Read MoreAustralian firm launches nature certificates tied to microplastics clean-up
An Australian data services company on Wednesday announced the launch of a subscription-based nature certificate intended to help fund efforts to prevent plastic pollution off the coast of Sydney, but that can be extended to other locations globally.
Read MoreINTERVIEW: Corporate alliance forms to explore potential of biodiversity credit market
The World Economic Forum (WEF) and consultants McKinsey & Co have taken the lead in initiating a Frontrunners Coalition seeking to contribute to shaping the development of and building confidence in the emerging voluntary biodiversity credit market.
Read MoreJapan moves to bring more hydrogen projects into JCM
Japan on Monday released a funding call under the Joint Crediting Mechanism (JCM) for hydrogen or other new technology projects that so far have been moving ahead without carbon finance.
Read MoreJapan aims at international impact in nature positive strategy
Japan has released a Nature Positive Economy Transition Strategy, taking aim at creating impact well outside its own borders and including the use of carbon and biodiversity credits.
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