Airlines 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).
Read MoreEU to exempt palm oil for drugs, soy seeds from anti-deforestation law
The European Union plans to leave palm oil derivatives used in medicines and soybeans for sowing from its deforestation regulation, the EUDR, according to a draft negotiating position seen by Bloomberg.
Read MoreUzbekistan needs clearer Article 6 rules before scaling carbon trades, report finds
Uzbekistan has laid the groundwork for Article 6 carbon market participation, but still needs clearer rules on authorisation, corresponding adjustments, registry operations, and monitoring, reporting, and verification (MRV) before it can scale credible international carbon trades, according to a report.
Read MoreVietnam carrier urges first claim on domestic credits for sector
Vietnam Airlines has urged policymakers to prioritise allocating domestic carbon credits to the aviation sector as carriers prepare to meet international climate obligations, a domestic newspaper said.
Read MoreIndian state Odisha could be an early mover in farm carbon credits -study
Odisha can emerge as an early mover in farm carbon markets in India if backed by favourable policies to generate tradable credits while reducing greenhouse gas emissions, a report said, citing the state’s extensive paddy cultivation and the potential of climate‑smart practices.
Read MoreArticle 6 expert panel recommends two new methodologies for PACM crediting
Technical experts overseeing the Paris Agreement Crediting Mechanism (PACM) have recommended two draft methodologies for approval by the scheme’s Supervisory Body, while opening fresh consultations on key implementation tools.
Read MoreINTERVIEW: Indonesia needs to clean up nickel processing, strengthen emissions data
Indonesia wants to build a globally competitive green industrial sector, but the government first needs to tackle emissions from its coal-powered nickel industry and strengthen measurement of industrial emissions, analysts said.
Read MoreCarbon credits could help unlock billions for climate adaptation, study claims
Carbon credits have the potential to become a large source of finance for climate adaptation in emerging economies by attracting private investment into nature-based solutions such as mangrove restoration, wetlands rehabilitation, and agroforestry, according to a new academic study.
Read MoreIndia govt to launch a $528-mln scheme to promote green steel technologies
India is preparing to launch a scheme to promote the adoption of clean technologies in steelmaking processes, with an outlay of INR 50 billion ($528 million), according to the national news agency.
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