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Tokyo ETS emissions edge up, but remain well below target

Published 10:39 on April 1, 2020  /  Last updated at 00:48 on April 1, 2020  /  Asia Pacific, Japan  /  No Comments

Companies participating in Tokyo’s municipal emissions trading scheme marginally increased their CO2 output in FY2018, but most have already met their targets for 2024, according to government data.

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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 09:05 on April 1, 2020  /  Last updated at 09:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

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Japan shirks higher ambition in new NDC

Published 10:24 on March 30, 2020  /  Last updated at 01:24 on March 31, 2020  /  Asia Pacific, Climate Talks, International, Japan  /  No Comments

Japan announced an updated Nationally Determined Contribution (NDC) under the Paris Agreement on Monday, but the nation will not increase its 2030 climate ambitions.

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Major climate conference nixed over coronavirus

Published 11:55 on March 19, 2020  /  Last updated at 11:55 on March 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.

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GCF approves funding for MUFG Bank forest carbon venture

Published 10:14 on March 12, 2020  /  Last updated at 10:14 on March 12, 2020  /  Africa, Americas, Asia Pacific, EMEA, International, Japan, REDD, South & Central  /  No Comments

The Green Climate Fund board has agreed to co-finance a forest carbon venture initiated by Japan’s biggest bank in at least seven countries across Latin America and sub-Saharan Africa.

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Japan, Saudi Arabia issue first carbon credits under bilateral offset programme

Published 07:23 on March 10, 2020  /  Last updated at 09:07 on March 10, 2020  /  Asia Pacific, EMEA, Japan, Middle East  /  No Comments

Japan and Saudi Arabia have issued the first offsets under their Joint Crediting Mechanism (JCM) programme, for which Japan intends to use its share towards meeting its obligations under the Paris Agreement.

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Nearly half of global GDP could soon be subject to net zero emission targets -report

Published 03:32 on February 18, 2020  /  Last updated at 00:12 on February 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South Korea, US  /  No Comments

Governments representing 49% of the global economy have or are in the process of putting in place targets to reach net zero greenhouse gas emissions, a report showed.

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Japanese firms worried over backlash from climate inaction

Published 08:39 on February 6, 2020  /  Last updated at 08:39 on February 6, 2020  /  Asia Pacific, Japan  /  No Comments

A group of more than 140 Japanese companies and over 20 municipal governments has urged the government to raise its ambition under the Paris Agreement, warning that failure to step up efforts might see Japanese firms left out of international supply chains.

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COP26 seen as “last chance” to forge Paris carbon trading rulebook

Published 23:04 on January 28, 2020  /  Last updated at 21:14 on January 31, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The 2020 COP26 UN climate summit in Glasgow will be the final opportunity for countries to agree to the rulebook for the Paris Agreement’s market-based Article 6, but countries will still press on with carbon market deals over the next decade if negotiations come up short for a third straight year, experts said Tuesday.

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Japan picks projects in seven countries for carbon funding

Published 08:44 on January 27, 2020  /  Last updated at 00:37 on January 28, 2020  /  Asia Pacific, Japan, Other APAC  /  No Comments

Japan’s environment ministry has picked 10 projects across seven countries for funding under the Joint Crediting Mechanism (JCM), expecting the investment to result in 14 million carbon credits by 2030.

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