Shipping firms partner with Malaysia’s Petronas to build CO2 fleet
Japanese shipping firm Mitsui O.S.K. Lines and Malaysia’s MISC Berhad have formed a joint venture with a CCS-focused subsidiary of oil major Petronas to develop and own vessels that transport liquid CO2, the companies announced Tuesday.
Read MorePhilippine rice methane project moves towards JCM credit issuance
Two Japanese companies have formally submitted a Project Design Document (PDD) and a first monitoring report to Japan’s Joint Crediting Mechanism (JCM) secretariat, in a move that may soon see the issuance of the world’s first compliance-grade carbon credits from the agriculture sector, they have announced.
Read MoreMost nations’ emissions pledges fall short of ‘fair shares’ under Paris goals -analysis
Most countries’ national climate targets are inconsistent with what would be considered their fair share of global emissions cuts needed to meet the Paris Agreement’s temperature goals, according to a new study.
Read MoreINTERVIEW: Indian startup sees upcoming ETS driving demand for carbon capture
An Indian company that uses microbes to capture CO2 is positioning itself for expansion in the carbon capture market, aiming to scale its daily capacity to 200 tonnes within two years as the country prepares to launch a compliance scheme targeting emissions reductions in heavy industries.
Read MoreChina sees first monthly thermal power production increase of the year
China’s thermal power generation rose in May, the first time in 2025 that happens, while energy produced from renewable sources grew at a slower pace, according to government data published Monday.
Read MoreNew AI framework could help fill scenario gaps in climate policy planning -report
A deep learning framework could offer a rapid method with low computational cost to generate thousands of “synthetic” climate mitigation scenarios aligned with IPCC categories, research released Friday has found.
Read MoreUNOC: Pacific Islands announce world’s largest Indigenous-led ocean reserve
The governments of Vanuatu and the Solomon Islands have announced plans to set up the world’s largest Indigenous-led ocean reserve, with Papua New Guinea and New Caledonia ready to join the initiative.
Read MorePakistan greenlights “transaction-ready” carbon project for international trading
The government of Pakistan has granted approval to the country’s third carbon offset project for trading credits under Article 6.2 of the Paris Agreement.
Read MoreCOMMENT: Beyond Carbon – A Certification Co-designed with Indigenous Peoples and Local Communities
The draft “Beyond Carbon Benefits” certification under the Architecture for REDD+ Transactions marks a major shift in carbon markets by integrating social, cultural, biodiversity, and forest service co-benefits – co-designed with Indigenous Peoples and Local Communities (IPLC) – to ensure REDD+ initiatives are more equitable, inclusive, and effective beyond carbon accounting alone. Representatives from IPLC organisations explain why they chose to co-lead the design of a new certification, and how they think it represents a shift, both in terms of how forests are valued, and also how market instruments are designed.
Read MoreID Market: Trading inches up in May amid suspension on international deals
Indonesia’s carbon market recorded a moderate increase in activity during May, with trading volumes recovering from April’s lows, though international transactions remained absent due to the ongoing government moratorium.
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