Behind the rhetoric and public criticism, China is adapting to CBAM -report
China repeatedly criticises the European Union’s carbon border tariff as a unilateral trade measure, but a more pragmatic response is forming behind the scenes, according to a new report that said Beijing is aligning its own carbon architecture with European standards to protect exporters.
Read MoreLack of bankable offtake agreements stalls carbon financing
The carbon industry still faces a critical financing bottleneck as traditional lenders remain sidelined by a lack of bankable offtake agreements, despite growing support for early-stage projects, a conference heard Thursday.
Read MoreFEATURE: Carbon buyers are eyeing new superpollutant credits for a quicker fix
As promises to tackle emissions in the short term butt heads with the realities of rising energy demand and pricey, early-stage carbon removal technologies, companies are increasingly looking for faster, easier wins – and driving a new market for superpollutant credits.
Read MoreOcean foundation puts up $17 mln for marine projects in Asia
A German-headquartered foundation opened a call for proposals this week, offering a total $17 million of funding to projects focused on establishing blue carbon schemes in marine protected areas, and Other Effective area-based Conservation Measures (OECMs) across four Asian countries.
Read MoreINTERVIEW: Indonesia needs ‘period of calm’, REDD+ project developer says
The CEO of a legacy REDD+ project in Indonesia has said overseas buyers and investors are looking for stability in the country’s carbon regulatory landscape to instil confidence that credits will resume and remain flowing.
Read MoreFormula 1 cuts carbon footprint 35%, says on track for net zero emissions
Formula 1, the top tier of international motorsport, has reduced its carbon footprint by 35% from its 2018 baseline and remains on track to becoming a net zero sport by 2030, according to its latest sustainability report.
Read MoreACCU demand under Australia’s Safeguard Mechanism may not peak until 2043 -analysis
Demand for Australian carbon credits is likely to continue rising until around 2043, several years later than other forecasts have suggested, according to a market advisory that claimed industrial facilities covered under the Safeguard Mechanism may take longer than expected to decarbonise.
Read MoreExchange suspends trading of Australian CDR developer’s shares, investigates disclosures
The announcement states that trading will be suspended until the exchange is satisfied that NoviqTech is in compliance with its listing rules, specifically Listing Rule 3.1 on timeline disclosure of information that may materially affect share value.
Read MoreJapanese shipper waiting on IMO framework before scaling up CDR purchasing strategy
A major Japanese shipping company said it is waiting on the passage of key regulations, including the Net Zero-Framework, before it ramps up purchases of carbon removal (CDR) credits.
Read MoreBRIEFING: East Asia deepens ETS reforms, but policy signals diverge
Governments across East Asia are ramping up reforms to their emissions trading schemes, though the strength of their policy signals varies widely.
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