Indian carbon developer EKI share price drops on confusion over carbon credit export ban
The share price of Indian carbon offset developer EKI Energy Services slumped by nearly 20% on Wednesday in the fallout from India’s energy minister stating that the country would not export any carbon credits until it has met its international climate commitments.
Read MoreSK Market: Korean auction sees healthy demand as outlook, sentiment brighten
South Korea on Wednesday sold around 97% of the 2.3 million KAUs on offer in the environment ministry’s August auction, as the market remains upbeat over the projected reduced allowance surplus in the 2022 compliance cycle.
Read MoreNew Zealand govt indecision on exotics holding back investment, foresters say
The New Zealand government’s lingering decision on whether to remove exotic plantations from the permanent category in the ETS is causing investor uncertainty in the forestry sector, while fears of the planting type’s impact on rural communities is unfounded, according to the industry.
Read MoreInvestment fund takes stake in Indonesian carbon project developer
An investment fund has taken an equity stake in an Indonesia-based carbon project developer with an eye on scaling up forest conservation and peatland restoration activities across Southeast Asia.
Read MoreTaiwan extends emissions reporting requirements to manufacturing firms
Taiwan has required a new batch of companies to report their greenhouse gas emissions data on an annual basis, with a primary focus on electronics components manufacturers, one of the pillars of the island’s economy.
Read MoreMarubeni secures exclusive agricultural biochar offset deal
Marubeni Corp. has signed a deal for the exclusive rights to market and sell carbon credits from the agricultural use of biochar generated by a Japanese biochar expert association that works with farmers.
Read MoreGrowing disillusionment in REDD+ projects, forestry investor says
The head of a global forestry investment company has warned there is a growing lack of confidence in the REDD+ project formats in developing countries.
Read MoreUPDATE – Minister says India will not export carbon credits as parliament passes crucial bill
As the Indian parliament on Monday evening passed the bill establishing a domestic voluntary carbon market, Energy Minister Raj Kumar Singh said carbon credits will not be eligible for exports, but did not specify if the restrictions were limited to offsets generated under the new mechanism.
Read MoreVCM Report: Standard offset prices pick up to close gap to bespoke market
The market turned a corner at the end of the week, with standard offsets prices jumping higher to close the gap on a bespoke market that has been more successful in resisting the bearish trend.
Read MoreCommodity firm hires ex-Shell trader for APAC environmental markets desk
A global energy and commodity trading firm has recruited a carbon trader from Shell for its APAC environmental markets team.
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