Verra receives first compensation from discredited Chinese rice carbon projects, but bulk still outstanding
Verra is struggling to impose sanctions on the proponents behind a group of discredited Chinese rice carbon projects, receiving compensation to date from just five of the 25 activities that were exposed last year for malpractice.
Read MoreChina needs CCS but the technology requires better incentives -study
China will need carbon capture and storage (CCS) to reduce emissions from its most polluting sectors and both subsidies and credit finance will be useful to roll out the technology, but incentives will also “exacerbate the carbon rebound effect”, researchers have warned, highlighting trade offs.
Read MoreChinese forest carbon market could be ‘overheating’, research says
China’s forest carbon market could be ‘overheating’ following the relaunch of the national offset programme, given concerns over regulatory inconsistencies and forest ownership issues, researchers have warned.
Read MoreAustralian miner partners with steel giant for green iron project
Australian iron ore miner Fortescue and Chinese steelmaker Baowu signed a memorandum of understanding this week in Shanghai to pursue green iron making, one of Fortescue’s great green dreams for decarbonisation and an ultimate realisation of ‘real zero’, as opposed to net-zero.
Read MoreBeverage giant launches third round of APAC emissions reduction innovation grant programme
A global food and beverage multinational has kicked off its third annual sustainability incubator programme, offering grants to pilot projects focussed on sustainable agriculture, climate tech, and GHG emissions reduction.
Read MoreChinese coal transition costs can be reduced with multiple technologies, research says
Chinese coal power plants could save hundreds of billions of dollars in transition costs if multiple technologies are used to optimise their emission reduction pathways, alongside compulsory plant closures, according to a recent scientific research paper.
Read MoreBiochar-enhanced soil could supercharge carbon sequestration, say researchers
Adding biochar to soils could significantly boost their capacity to capture atmospheric CO2, potentially playing a pivotal role in combating climate change, according to a new study.
Read MoreChina releases two more methodologies ahead of national voluntary carbon market activation
China released two new methodologies for its national voluntary carbon market, ahead of an initial issuance of credits to the market that is expected in the coming weeks.
Read MoreGlobal efforts to cut HFC-23 emissions are falling short of treaty goals, researchers warn
Global emissions of HFC-23, a potent greenhouse gas used in refrigeration, remain significantly higher than reported levels, researchers warn, raising questions about compliance with international climate agreements.
Read MoreCN Markets: CEA price continues to drop as bearish sentiment spreads
Prices in China’s national emissions market continued to decrease over the past two weeks, with analysts expecting a sustained bearish sentiment in the coming months.
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