ADB proposes carbon price multiplier system for Asia Pacific to handle CBAM
Countries in the Asia Pacific region should consider a mechanism to multiply carbon prices for EU-destined goods to align them with European CO2 costs to reduce the impacts of the Carbon Border Adjustment Mechanism (CBAM), the Asian Development Bank (ADB) said Friday.
Read MoreCN Markets: CEAs extend recent losses, liquidity drops after national holiday
Permit prices in China’s national CO2 emissions market continued to drop over the past week, reaching their lowest level since Sep. 2023, amid mounting bearish sentiment.
Read MoreGlobal SAF market hits tipping point at 2 Mt in 2025, feedstock limits loom beyond 2030 -report
Global sustainable aviation fuel (SAF) demand is set to reach around 2 million tonnes in 2025, but reliance on limited feedstocks could constrain growth beyond 2030 unless alternative production pathways are rapidly scaled, according to a market outlook released Thursday.
Read MorePakistan’s rooftop solar boom leaves China-funded coal plants obsolete, report finds
A surge in new, cheap distributed solar power capacity in Pakistan is leaving parts of the country’s Chinese-funded coal-fired power plant fleet obsolete with some running at just 4% capacity while millions of tonnes of CO2 are being avoided, a report said Thursday.
Read MoreAustralian think tank makes case for Asian CBAM to drive green manufacturing
A pan-Asia Pacific carbon border adjustment mechanism (CBAM) taking in the wealthiest industrial nations covering steel, cement, and aluminium is the best and cheapest way to reduce emissions from these hard-to-abate sectors while preserving margins and industries, an Australian think tank argued in a report Thursday.
Read MoreShanghai to auction off CO2 permits under regional ETS
The Shanghai government will auction off carbon allowances under its emissions trading scheme at the end of this month to ensure regulated companies can acquire sufficient permits for compliance purposes.
Read MoreJapanese trading house signs first long-term offtake agreement for green ammonia
One of Japan’s major trading companies has agreed to source green ammonia from a Chinese supplier, it announced Tuesday.
Read MoreAsia seen to struggle making carbon markets work for local communities
Asia’s carbon markets are maturing fast, but efforts to deploy nature-based projects for climate action still face hurdles stemming from red tape, evolving regulations, and the challenge of winning local community support, a conference heard last week.
Read MoreChina eyes absolute CO2 emissions cap for national ETS
China plans to reform its intensity-based emissions trading scheme in the coming years and impose an absolute cap on carbon emissions, according to a recent government notice.
Read MoreCalifornia class action suit targets RJ Reynolds for using dubious offsets to market Vuse vapes as carbon neutral
RJ Reynolds Vapor Company and its parent British American Tobacco (BAT) are facing a proposed class action lawsuit in California alleging they misled consumers by falsely claiming that their Vuse vape products are carbon neutral by using offsets tied to questionable forestry projects.
Read More