Chinese emissions exchange launches carbon pledge services for local ETS

Published 10:09 on December 5, 2024  /  Last updated at 10:09 on December 5, 2024  / /  Asia Pacific, China

An exchange that supports one of China’s pilot carbon markets has unveiled an online financing service targeting carbon pledges in a latest attempt to explore innovative financial instruments.

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AU Market: ACCU price claws back after week of volatility

Published 07:35 on December 5, 2024  /  Last updated at 07:35 on December 5, 2024  / /  Asia Pacific, Australia

Australian Carbon Credit Unit (ACCU) prices recouped some of their recent losses Thursday after a bout of severe volatility earlier in the week that had seen units trade as low as A$37 ($23.82).

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New Zealand climate commission pushes net negative 2050 target

Published 05:47 on December 5, 2024  /  Last updated at 05:47 on December 5, 2024  / /  Asia Pacific, New Zealand

New Zealand’s Climate Change Commission (CCC) has called for more severe emissions reductions across all sectors in its updated advice to government published Thursday, while recommending shipping and aviation emissions to be included in a net negative 2050 target.

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Regional gas lobby releases legal recommendations on cross-border CCS projects

Published 05:30 on December 5, 2024  /  Last updated at 05:30 on December 5, 2024  / /  Asia Pacific, Australia, Japan, Other APAC, South Korea

An industry coalition of energy majors has released a set of recommendations for cross-border carbon capture and storage (CCS) projects in the Asia Pacific, in order to provide the necessary legal clarity in the absence of international regulations.

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ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds

Published 02:00 on December 5, 2024  /  Last updated at 15:48 on December 4, 2024  / /  Asia Pacific, Carbon Taxes, Nature-based, Other APAC, Voluntary

The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.

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Mining industry faces tough road to decarbonisation amid surging demand for critical minerals -report

Published 00:22 on December 5, 2024  /  Last updated at 00:22 on December 5, 2024  /  Americas, Asia Pacific, EMEA, International

The global mining industry faces a steep challenge in its efforts to decarbonise, with emissions reductions falling far short of targets needed to align with international climate goals, according to a new report.

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Carbon removal buyers club signs offtake agreement with South American biochar developer

Published 00:01 on December 5, 2024  /  Last updated at 16:28 on December 3, 2024  / /  Americas, Asia Pacific, EMEA, Japan, South & Central, Voluntary

A carbon removal buyers club on Thursday announced a multi-year CDR purchase agreement with a South American biochar producer.

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Clear demand signal needed to scale CORSIA carbon credit supply, says Guyana

Published 17:29 on December 4, 2024  /  Last updated at 17:29 on December 4, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, South & Central, Voluntary

Airlines need to show a clearer demand signal if countries are to supply sufficient levels of CORSIA-eligible credits to meet the demands of Phase 1 (2024-26), a representative from Guyana told a carbon industry conference.

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Swiss foundation ups 2030 international carbon credit buying target to 20 mln

Published 16:32 on December 4, 2024  /  Last updated at 16:32 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6

The Klik Foundation plans to buy around 20 million international carbon credits under Article 6 by the end of 2030, up from an earlier forecast for 15 mln, according to presentation slides circulated Wednesday.

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Gender equality can strengthen integrity of carbon credits, experts say

Published 16:23 on December 4, 2024  /  Last updated at 16:30 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

Developers can bolster the integrity of the carbon credits they sell by making sure there is gender equality across the design, implementation, and monitoring of their projects, according to experts. 

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