New Hong Kong carbon platform aims to unlock mainland China credit flows and finance
A Hong Kong-based carbon market platform and financing facility, backed by the Global Carbon Council (GCC), launched on Wednesday with the signing of a memorandum of agreement (MoA) between the parties at IETA’s Asia Climate Summit.
Read MoreBRIEFING: China’s shift to absolute ETS caps may create new model for developing countries
China’s experience in finetuning its national ETS, particularly its transition toward absolute caps, could serve as a model for other developing countries, a conference heard Wednesday.
Read MoreSK Market: KAU auction sells full volume as price retreats
South Korea’s environment ministry sold all 2.83 million KAU-25 permits on offer at its latest auction at a clearing price of KRW 25,400 ($16.75) each, according to data from the Korea Exchange (KRX).
Read MoreIndonesia’s new registry clears voluntary carbon exports without authorisation
Indonesia has issued new rules allowing some carbon credits to be traded overseas without government authorisation or corresponding adjustments, while setting out a framework for international standards to operate within the country’s revamped registry system due to be launched later this week.
Read MoreCorporate buyers commit to 635k carbon removals from Indonesia restoration project
Two major corporate buyers have agreed to purchase more than 635,000 carbon removals over 10 years from an agroforestry project seeking to restore 6,000 hectares of degraded land in Indonesia’s Sulawesi, the project developer said.
Read MoreANALYSIS: What will the biodiversity market look like in 2040?
A huge amount of effort is going into developing and scaling up the global biodiversity market, but regulators need to take on a key role if nature is to get significant investments via market mechanisms, according to experts.
Read MoreUPDATE – CORSIA credit tenders launched on behalf of airlines
Two tenders have been published for carbon credits under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) on behalf of Asian airlines searching for 614,000 tonnes of CO2e.
Read MoreResearchers propose independent climate boards modelled on central banks to shield carbon pricing from politics
Governments should delegate control over carbon pricing to independent climate institutions modelled on central banks in order to insulate long-term emissions policy from electoral cycles and provide greater certainty for investors.
Read MoreParis Agreement Article 6 registries on track for year-end launch
The two registries that will operate the Paris Agreement’s Article 6 mechanism will be operational by the end of this year, the UNFCCC said Tuesday.
Read MoreResearchers urge rethink of Paris ‘well below 2C’ target interpretation to avoid ambition drift
Climate researchers have proposed a new way of interpreting the Paris Agreement’s commitment to keep global warming “well below 2C”, arguing that the widely used practice of expressing the target as a probability of staying below the threshold could gradually weaken climate ambition as scientific uncertainty declines.
Read More