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CN Markets: CEA price reaches new year-to-date high, though liquidity remains drained

Published 11:23 on June 9, 2023  /  Last updated at 11:23 on June 9, 2023  / Chia-Erh Kuo /  Asia Pacific, China  /  No Comments

Allowance prices in China’s carbon market edged up over the past week with improved but still small trading volume, though the overall sentiment remains cautious amid concerns over the impact of the upcoming carbon border tax, experts said.

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Major investors launch new agri-tech startup to turn Asian rice into carbon credits

Published 17:06 on June 8, 2023  /  Last updated at 17:32 on June 8, 2023  /  Asia Pacific, China, International, Kyoto Mechanisms, Nature-based, Other APAC, Voluntary  /  No Comments

A group of major investors has teamed up to launch a new agri-tech startup aimed at decarbonising rice cultivation in Asia via the voluntary carbon market.

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World’s largest companies show limited progress towards Paris Agreement’s 1.5C goal, research finds

Published 12:26 on June 8, 2023  /  Last updated at 12:26 on June 8, 2023  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Global large- and mega-cap firms have shown minimal progress towards meeting the Paris Agreement’s climate goal of limiting global warming to 1.5C by 2050, according to new research.

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China again includes ETS regulations in annual legislative work plan

Published 09:25 on June 7, 2023  /  Last updated at 09:25 on June 7, 2023  / Chia-Erh Kuo /  Asia Pacific, China  /  No Comments

Trading regulations for China’s national emissions trading scheme (ETS) have been included in the State Council’s 2023 legislative work plan, as the government’s latest effort to ground the rules in law despite previous fruitless attempts.

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China may take further action against CBAM after upcoming WTO discussions -analysts

Published 11:02 on June 6, 2023  /  Last updated at 12:10 on June 6, 2023  / Chia-Erh Kuo /  Asia Pacific, Carbon Taxes, CBAM, China, EMEA, Other APAC  /  No Comments

China’s next step against a planned carbon border tax may hinge on discussions under the World Trade Organization (WTO) scheduled for this month, where the EU will have to defend the measure’s legality, according to analysts.

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Global North would owe South $170 trillion for overshooting carbon budgets -researchers

Published 00:27 on June 6, 2023  /  Last updated at 00:27 on June 6, 2023  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Other APAC, South & Central, US  /  No Comments

Researchers have proposed a solution for financing climate change mitigation by assigning financial responsibilities to nations based “rigorous ethical criteria”, and have calculated that through this approach the Global North would owe the Global South around $170 trillion.

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UK project developer inks Pakistan green hydrogen, carbon deal with top Chinese oil producer

Published 11:20 on June 5, 2023  /  Last updated at 13:18 on June 5, 2023  / Chia-Erh Kuo /  Asia Pacific, China, EMEA, International, Other APAC, Voluntary  /  No Comments

A London-listed international power and natural resource project developer has teamed up with one of China’s largest oil and gas producers via its subsidiary to jointly develop a planned green hydrogen project in Pakistan expected to generate carbon credits.

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CN Markets: CEA price reaches 5-mth high, volumes remain modest

Published 10:57 on June 2, 2023  /  Last updated at 11:17 on June 2, 2023  / Chia-Erh Kuo /  Asia Pacific, China  /  No Comments

Allowance prices in China’s national emissions market reached year-to-date high this week despite shrinking trading volumes, with analysts expecting price level to remain flat this month amid lukewarm sentiment.

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APAC oil and gas firms risk financing challenges amid slow decarbonisation efforts

Published 06:19 on June 1, 2023  /  Last updated at 06:19 on June 1, 2023  / Chia-Erh Kuo /  Asia Pacific, China, Other APAC  /  No Comments

Most oil and gas (O&G) firms in the Asia Pacific region may face more financing challenges than their international peers because of their lack of detailed plans to decarbonise and their wait-and-see approach to new energy, a report has found.

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Hong Kong may see demand from CCER relaunch despite challenges ahead -experts

Published 11:03 on May 31, 2023  /  Last updated at 11:03 on May 31, 2023  / Chia-Erh Kuo /  Asia Pacific, China, Other APAC, Voluntary  /  No Comments

Hong Kong could see emerging opportunities from the expected relaunch of China’s national voluntary carbon programme, though regulatory ambiguity and lack of demand remain challenges for the city’s fledgling emissions market, experts have said.

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