CN Markets: CEA prices rebound to RMB 70, though analysts say rebound set to be muted
Permit prices in China’s national CO2 emissions market saw a modest recovery over the past week with improved liquidity, though analysts remained cautious about the near-term price outlook.
Read MoreUPDATE – Singapore lists approved methodologies under Article 6 deal with Rwanda, Bhutan
Singapore has released eligibility lists for carbon credit projects Rwanda and Bhutan under its International Carbon Credit (ICC) framework.
Read MoreSouth Korean government consults with power industry on excess CO2 allocation -media
The South Korean government is soliciting feedback from the power industry in a bid to solve the issue of carbon allowance over-allocation in the emissions trading scheme, according to local media reports.
Read MoreAlmost 30% of global emissions covered by carbon price last year, but only 6% at effective level, finds think tank
Some 28% of global emissions were covered by carbon pricing of some kind in 2024, yet only 6% were covered at an effective price to drive emissions reductions, found a new report by a climate non-profit.
Read MoreMalaysian govt bodies partner to advance carbon market infrastructure
A Malaysian public retirement fund has partnered with a statutory body to accelerate the country’s net zero transition by making the use of forestry-based carbon offset solutions, they announced Thursday.
Read MoreIndia’s upcoming carbon market ‘critical lever’ for industry decarbonisation, Tata Steel exec says
Tata Steel expects India’s emerging carbon market to become a “critical lever” for accelerating decarbonisation in the steel industry, with one of the company’s senior executives urging policymakers to draw lessons from Europe’s carbon pricing success.
Read MoreVerra freezes Indian cookstoves project amid major double counting claims
Voluntary carbon standard Verra has put an Indian cookstoves project on hold, pending a quality control review, it said in a statement Thursday.
Read MoreChina steel sector needs $18 bln in transition finance over next 5 years, report says
China’s steel sector, while seeing a surge in transition finance in recent years, will likely need around $18 billion in investment for low-carbon production technologies over the next five years for decarbonisation, according to a report released Thursday.
Read MoreApple’s top final assembly suppliers urged to accelerate renewable energy progress
Apple’s top final assembly suppliers should set ambitious renewable energy targets with clear pathways and increase their procurement of renewable energy through high-impact mechanisms, according to a new report.
Read MoreUNOC: Indonesia coral bond hopes to raise up to $150 mln
The Indonesian coral bond was soft launched on Wednesday at the UN Ocean Conference (UNOC) with an expected raise of $100-120 million.
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