Japan begins work to align JCM registry with Article 6

Published 08:31 on December 6, 2024  /  Last updated at 08:31 on December 6, 2024  / /  Asia Pacific, International, Japan, Paris Article 6

Japan has opened a public consultation on rules aimed at providing clarity on the registration of international emissions reductions under the Joint Credit Mechanism (JCM) in line with Article 6 of the Paris Agreement.

Read More

Australia commits A$165 mln to APAC energy transition investments

Published 05:27 on December 6, 2024  /  Last updated at 05:27 on December 6, 2024  / /  Asia Pacific, Australia, Other APAC

Australia has committed to spend A$165 million ($106 mln) through various initiatives towards domestic and regional decarbonisation technology initiatives, including critical minerals, hydrogen, and renewable energy.

Read More

Poor health of former CQC executive Newcombe delays US fraud trial

Published 02:56 on December 6, 2024  /  Last updated at 02:56 on December 6, 2024  / and /  Americas, Asia Pacific, Bavardage, EMEA, Other APAC, US, Voluntary

A US District Court judge on Thursday delayed the trial of former C-Quest Capital executives Ken Newcombe and Tridip Goswami, who both face federal fraud charges, with the ex-CEO to be placed in a protective “bubble” as he undergoes drastic cancer treatment.

Read More

Rio Tinto calls for global carbon pricing to encourage investments in hard-to-abate sectors

Published 02:28 on December 6, 2024  /  Last updated at 02:28 on December 6, 2024  / /  Americas, Asia Pacific, Australia, Canada

The world will need to embrace fundamental demand drivers, such as more entrenched carbon pricing, in order to drive decarbonisation of hard-to-abate mineral processing work and encourage buyers’ willingness to pay a green premium, global miner Rio Tinto told shareholders Thursday.

Read More

BRIEFING: AI-powered global data centre buildout at fork in the road, with energy choices crucial to emissions trajectory

Published 16:01 on December 5, 2024  /  Last updated at 16:04 on December 5, 2024  / /  Americas, Asia Pacific, EMEA, EU ETS, International, Japan, UK ETS, US, Voluntary

A rise in emissions resulting from the boom in data centre energy demand over the coming years will depend on whether countries can overcome power grid issues, obstacles to renewable expansion, and how much of the added electricity consumption is met with fossil-based generation, industry leaders told a summit in Paris this week.

Read More

Nomura AM to add corporate nature opportunities to ESG scores

Published 14:38 on December 5, 2024  /  Last updated at 14:38 on December 5, 2024  / /  Asia Pacific, Biodiversity, Japan

Nomura Asset Management plans to incorporate nature-related opportunity indicators into its proprietary ESG scoring model in the “near future”, an executive has told Carbon Pulse.

Read More

Carbon pricing, technology ASEAN’s best answer to CBAM -report

Published 14:20 on December 5, 2024  /  Last updated at 14:20 on December 5, 2024  / /  Asia Pacific, Carbon Taxes, CBAM, EMEA, International, Other APAC, Voluntary

The Association of Southeast Asian Nations (ASEAN) member countries must actively implement carbon pricing mechanisms and increase investment to decarbonise hard-to-abate sectors in order to effectively respond to EU’s Carbon Border Adjustment Mechanism (CBAM), a report has found.

Read More

ANALYSIS: Article 6 breakthrough raises integrity concerns for some, but ‘proof in pudding’, experts say

Published 13:04 on December 5, 2024  /  Last updated at 13:04 on December 5, 2024  / and /  Americas, Asia Pacific, Climate Talks, EMEA, International, Nature-based, Paris Article 6, Voluntary

The historic consensus on Article 6, achieved in November at COP29, may have been broadly welcomed, but some remain cautious that gaps in final decision texts could lead to a lack of integrity in the newly developed, UN-approved international carbon markets, if implementation over the coming years is not sufficiently robust.

Read More

BNP Paribas launches €750-mln low-carbon transition equity fund

Published 12:55 on December 5, 2024  /  Last updated at 12:55 on December 5, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

French bank BNP Paribas has launched a low-carbon transition equity fund, targeting €750 million from institutional investors such as insurers, pensions funds, and corporates.

Read More

China seeking comments on steel sector emissions accounting rules

Published 12:24 on December 5, 2024  /  Last updated at 12:29 on December 5, 2024  / /  Asia Pacific, China

China’s environment ministry is seeking comments on emissions accounting rules for domestic steelmakers, as the sector will soon be included in the national emissions trading scheme.

Read More