Sub-national governments seen crucial to advance India’s Article 6.2 partnerships
Engaging India’s sub-national governments is crucial for navigating the practical realities of Article 6.2 partnerships in the country, a conference heard Wednesday.Â
Read MoreVenture builder launches $100-mln fund to scale Southeast Asian climate startups
A Singapore-based venture builder announced the launch of its second fund on Wednesday, with a target of $100 million to go towards climate startups.
Read MoreIndia wasting renewable power as coal cannot ramp down further -report
India is wasting some of its renewable electricity because coal-fired power plants cannot wind down any further during periods of peak solar generation during daytime, making battery storage a necessity, according to a report published Wednesday.
Read MoreNew Zealand promotes APAC carbon market cooperation, remains silent on looming ITMO obligation
New Zealand’s climate minister has promoted the government’s efforts to build capacity and cooperation on carbon markets in the Asia Pacific, but said nothing regarding its likely need to purchase millions of overseas credits to meet its 2030 international climate target.
Read MoreEU officials promote CBAM stick to APAC, hints at future carrots of int’l credit purchases
EU officials on Wednesday soothed nerves about growing compliance costs and regulatory hurdles for Asian countries from its Carbon Border Adjustment Mechanism (CBAM) by highlighting plans to explore international credit purchase to meet its 2040 climate targets.
Read MoreJapan’s GX-ETS price corridor to factor into carbon capture support measures
Japan is considering using the average trading price in the GX-ETS as a reference price in carbon capture and storage support measures.
Read MoreIndia seeks public input on draft rules for carbon offset scheme
India’s Bureau of Energy Efficiency (BEE), administrator of the country’s emerging carbon market, has launched a public consultation on draft rules governing Programmes of Activities (PoA) under the offset mechanism.
Read MoreCarbon credit markets need binding regulation to scale with integrity, report says
Project-based carbon credit markets are moving towards a more regulated, state-led model as voluntary standards remain unable to address weak oversight, fragmented rules, and uncertainty around credit use, a report published Wednesday said.
Read MoreCarbon market investor expands Asia presence with Singapore office
A California-headquartered carbon credit investment and project management firm has opened a regional office in Singapore amid its Asian expansion efforts.
Read MoreMajor firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
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