China thermal power continues to grow in April, renewables post mixed performance
China’s thermal power generation continued to expand in April, while renewable energy sectors posted a mixed performance, according to data released Monday by the National Bureau of Statistics of China (NBS).
Read MoreTokyo govt extends support for CDR credit creation
The Tokyo metropolitan government has decided to extend its support for generating carbon removal credits, moving beyond nature-based projects to include technological solutions.
Read MoreBRIEFING: Optimism ahead of UN vote on landmark ICJ climate opinion
Environmental campaigners are optimistic that the UN General Assembly will vote on Wednesday to adopt a resolution to endorse last year’s historic International Court of Justice (ICJ) advisory opinion on climate change, which found that states have a legal obligation to cut GHG emissions.
Read MoreUNFCCC pilots Article 6 registries
The UN’s climate secretariat has launched test versions of registries to facilitate the transfer and trade of emissions reduction units under the Article 6 mechanisms, with a view to launching the final systems at the end of the year.
Read MoreShanghai lowers entry thresholds to pull more emitters into local carbon market
Shanghai is seeking to expand the coverage of its emissions trading scheme by lowering the entry threshold for certain industries as part of its ETS reform strategy through 2030.
Read MoreBRIEFING: Asian transition credits could find home in compliance markets, but questions over additionality remain -IEA
Compliance carbon markets could become the biggest source of demand for transition credits in Asia’s coal transition, provided project developers can prove that early closures are genuinely additional amid falling renewable energy costs, the International Energy Agency (IEA) said in a report.
Read MoreAsian investors step up climate governance, but transition plans lag -study
Asian investors are incorporating climate change into governance, investment, and disclosure practices at a faster pace, but many still lack detailed transition plans, according to a study.
Read MoreIndia could remove 450 MtCO2 through biochar by 2030, claims paper
India has the potential to scale carbon removal from biochar to 450 million tonnes of CO2 annually by 2030, creating a $45 billion market largely from utilising a fraction of surplus agricultural residues, according to a report released Saturday.
Read MoreBRIEFING: Circular economy emerges as a missing link in GBF delivery, specialists say
Speakers from science, civil society, and government argued that circular economy approaches must become central to the implementation of the Kunming-Montreal Global Biodiversity Framework (GBF), warning that biodiversity goals will remain out of reach unless countries address the economic systems driving ecosystem degradation.
Read MoreFirst real-world olivine marine CDR trial reports no adverse ecological impacts
Researchers have published what they describe as the first field-based evidence that deploying olivine sand for marine CO2 removal caused no detectable adverse effects on ocean ecosystems, potentially bolstering confidence in alkalinity enhancement pathways that have faced persistent environmental scrutiny.
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