Indian developer, Thai non-profit partner on nature‑based carbon projects in Southeast Asia
An Indian project developer and Thai non-profit have signed a memorandum of understanding (MoU) to collaborate on nature-based solutions (NbS) project development in Southeast Asia.
Read MoreGreen Climate Fund approves projects set to remove nearly 20 mln tonnes of CO2
The Green Climate Fund (GCF) on Thursday approved at least four projects spanning Southeast Asia, the Pacific, Africa, and South Asia that are expected to collectively deliver almost 19.4 million tonnes of CO2e in emissions reductions or removals, while channelling more than $311 mln into climate-resilient agriculture and forest restoration.
Read MoreIndia should channel carbon market revenues into industrial decarbonisation, report says
India should establish two national funds financed by revenues generated from its Carbon Credit Trading Scheme (CCTS) to support industrial decarbonisation, a report said.
Read MoreSingapore companies show early climate efforts, but target-setting lags far behind -survey
Singapore shows mixed progress on corporate decarbonisation, with the majority of companies reporting active efforts but only a quarter having actually set emissions reduction targets, a survey found.
Read MoreIndonesia’s aluminium boom risks repeating coal-powered nickel model -report
Indonesia’s fast-growing aluminium industry is following the country’s nickel sector into a heavy reliance on captive coal-fired power, with 9.8 GW of coal capacity linked to existing and planned projects, risking another emissions lock-in, according to a report released on Thursday.
Read MoreFEATURE: Data centre boom boosting renewables across APAC as governments play catch up
The global boom in data centres is driving an increase in renewable energy across Asia-Pacific as governments in the region take varying approaches, including carbon markets, to ensure the build-out does not lead to higher emissions, among other environmental considerations.
Read MoreSingapore exchange enhances climate disclosures portal to ease reporting for listed companies
The Singapore Exchange Group (SGX) announced enhancements on Thursday to its sustainability disclosures platform, further streamlining mandatory reporting for over 600 SGX-listed companies.
Read MoreNew SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
Read MoreAirlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector’s emissions gap, according to an academic report.
Read MoreCarbon pricing is key to cutting transport emissions in Central Asia, says ADB
Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB).
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