South Korea may see marked increase in producer prices due to carbon tax -report
South Korea is likely to see a marked increase in producer prices if a carbon tax is implemented in the future for its climate goals, but accelerating renewable power output could substantially minimise the cost burden, according to a recent report.
Read MoreEU’s CBAM to face legal scrutiny under WTO rules, Japan finmin report portends
The EU’s recently enacted Carbon Border Adjustment Mechanism (CBAM), designed to prevent carbon leakage and support the bloc’s ambitious climate goals, faces potential legal challenges under World Trade Organization (WTO) rules, according to a new analysis published by Japan’s Ministry of Finance.
Read MoreNZ Market: NZU price reaches one-month high in first session of the year
New Zealand Unit (NZU) prices inched up in the market’s first trading session of 2025, when the new auction settings and price controls officially take effect.
Read MoreChina’s cement industry faces crucial test in decarbonisation push -analysis
China’s cement industry, a significant contributor to global CO2 emissions, could slash emissions by up to 78% by 2060 with the implementation of advanced technologies and carbon pricing policies, according to a new study.
Read MoreFurther reforms needed for voluntary carbon markets to help outcome-based finance model hit climate, sustainability goals
Voluntary carbon markets can help mobilise private capital to address climate funding gaps in high-impact sectors, but systemic issues need to urgently be addressed for those markets and the wider outcome-based finance model to realise their full potential, according to a new report.
Read MoreFunding gaps, North-South spat jeopardise Global Biodiversity Framework implementation -study
Divergences between developed and developing countries, along with massive funding gaps, pose serious threats to the implementation of the Kunming-Montreal Global Biodiversity Framework (GBF), a study published Tuesday said.
Read MoreeDNA key to improving biodiversity monitoring within forest carbon markets, study says
Forest carbon markets should rely on new technologies such as environmental DNA (eDNA) to improve biodiversity monitoring, as over half of the existing projects risk overlooking co-benefits for nature, according to a paper.
Read MoreDutch developer, Sri Lankan company partner on plastic credit project under Verra’s framework
A Dutch nature-based solutions developer has partnered with a plastic recycling company to launch a plastic credit project in Sri Lanka, with plans to register it under Verra’s framework by mid-2025.
Read MoreIETA sets out way forward to scale biodiversity credit markets
The International Emissions Trading Association (IETA) has released analysis on the nascent biodiversity credit market, identifying integrity and the role played by governments to be among key elements driving demand.
Read MoreTaiwan boosts 2030 emissions reduction target
Taiwan has updated its GHG emissions reduction target, aiming to reduce its emissions 26-30% by the end of the decade compared to the 23-25% target set in 2022, according to an official statement.
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