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.

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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.

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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.

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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.

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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.

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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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