EU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Read MoreVietnam’s pilot carbon market opens June 29 with 92 firms
Vietnam will launch its pilot carbon market next week, with 92 domestic firms, including Hoa Phat Group, Formosa Ha Tinh Steel Corp., and Vietnam Electricity Group, set to begin trading greenhouse gas emission permits.
Read MoreANALYSIS: China’s push to curb superpollutants creates carbon credit potential
China’s policy efforts to mitigate superpollutants have advanced over the past few years, creating new potential for carbon credit development, experts told Carbon Pulse.
Read MoreLCAW26: INTERVIEW – Japanese govt should look beyond domestic carbon market to international credits, investor group says
The Japanese government is placing too great a priority on its domestic carbon market, the GX-ETS, and should expand focus to engage with international credits, a Tokyo-based public-private partnership said at London Climate Action Week (LCAW).
Read MoreFood processors largely outside carbon markets despite potential, says report
Direct exposure to carbon markets is limited for food and beverage manufacturers because most fall below emissions thresholds covered by compliance schemes, leading to investment decisions driven largely by fuel-credit programmes, tax incentives, and energy savings, according to a new report.
Read MoreLCAW26: Global carbon markets need to harmonise, with London as the hub -experts
The UK government needs to lean into the City of London’s rise as a hub for global carbon trading, and help to harness existing financial infrastructure to strengthen global carbon markets, experts said on Wednesday.
Read MoreSouth Korea kicks off government-led carbon capture and utilisation project
South Korea has launched a large carbon capture and utilisation (CCU) project, aiming to reduce CO2 emissions by over 600,000 tonnes annually by 2035.
Read MoreSingapore raises additional $250 mln for Asia energy transition through blended finance vehicle
Singapore’s flagship blended finance initiative for the net zero transition has raised another $250 million for its fossil fuel displacement strategy, the Monetary Authority of Singapore (MAS) announced on Wednesday.
Read MoreEU, US corporates could drive $17 bln of annual climate investment by addressing ongoing emissions, says Gold Standard
Companies across the EU and US could mobilise around $17 billion annually for climate action if they adopt the ‘advanced’ level of the Science Based Targets initiative’s ongoing emissions framework under its newly updated corporate standard, said Gold Standard on Thursday as it released a report setting out how such emissions could be dealt with.
Read MoreLCAW26: Tencent shortlists global climate innovators for $30 mln catalytic funding programme
Chinese multinational technology conglomerate Tencent has unveiled 16 winners for its global initiative designed to help promising climate solutions grow and scale.
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