China thermal power growth slows in March, renewable energy generation expands
Growth in China’s thermal power generation slowed in March with a sustained high level of coal output, while the pace in wind and hydropower generation accelerated, government data showed Tuesday.
Read MoreAustralia to introduce bill to establish EPA, but defers crucial environmental law reforms
The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.
Read MoreInternational emissions trading association releases guidelines on voluntary carbon credit use
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
Read MorePhilippines, Germany roll out €37-mln climate and biodiversity programme
Germany’s international development agency GIZ and the Philippines Climate Change Commission on Tuesday announced the soft launch of a programme aimed at protecting, conserving, and rehabilitating biodiversity and natural carbon sinks in the Southeast Asian nation.
Read MoreIEA, GenZero say tech-based carbon credits could be used to fund low-emissions hydrogen, SAF, DAC
High-quality carbon credits could be a “potentially important” tool to incentivise investment in low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture (DAC) projects in order meet production targets required to achieve the world’s climate goals, a joint report released Tuesday found.
Read MoreJapanese trading company joins Louisiana-based DAC project, eyes 1 mln tonne carbon removals
A major Japanese trading company has announced its participation in a large direct air capture (DAC) project in the US, as it continues to seek opportunities in the carbon removal sector.
Read MoreRegional cooperation between ASEAN members can slash decarbonisation costs by $800 bln -research
Members of the Association of South East Asian Nations (ASEAN) can reduce their decarbonisation costs by $800 billion by 2050 if they work together to build power interconnectors, hydrogen networks, and energy storage infrastructure, according to research published Tuesday.
Read MoreSingapore, NZ leaders agree to cooperate on carbon markets
Singapore and New Zealand have agreed to work together on carbon markets as one of several green economy measures, according to an agreement signed between the two countries Monday.
Read MoreCarbon accounting startup acquired by Singapore-based firm in multi-million deal
A London-based carbon-accounting startup is to merge with a Singapore-based climate tech company as part of a deal worth millions, boosting both companies’ access to a growing $15 billion market.
Read MoreForeign exploitation driving fossil fuel exports in developing countries, say NGOs
Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.
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