Japan, ADB to expand range of JCM cooperation
Japan and the Asian Development Bank have agreed to expand cooperation on funding Joint Crediting Mechanism (JCM) initiatives beyond just energy-related projects, in a bid to accelerate financing under the programme and ramp up carbon credit generation.
Read MoreCanadian Indigenous project developer to build Calgary 10 Mt/yr CCS hub with Japanese multinational
A private Calgary-based developer and a global integrated trading company agreed on Friday to develop a carbon capture and storage hub in Alberta with the potential to store up to 10 million tonnes of CO2 per year.
Read MoreMajor Japanese bank begins study on digital carbon credit payments
One of Japan’s leading financial groups is participating in a joint study that explore the potential for utilising domestically produced stablecoins for digital carbon credit payments.
Read MoreJapan passes CCS bill but storage capacity small compared to overseas opportunities, report says
Japan has passed its carbon capture and storage (CCS), but the amounts planned by the nation for domestic storage are dwarfed by its larger emissions profile and lack of proper geological storage space, while a report Monday outlined benefits of a large-scale CCS industry in Australia potentially taking a far greater portion.
Read MoreCarbon pricing proves its worth in reducing emissions, global meta-study shows
Carbon pricing schemes, such as taxes and cap-and-trade systems, are significantly reducing global greenhouse gas emissions, a new meta-study has found, though the results vary widely depending on the policy’s design and implementation.
Read MoreJapanese developer partners with government-backed agricultural organisation on rice projects
A Japanese carbon project developer has partnered with a regional government-backed agricultural organisation to promote credit-generating rice projects, as it seeks to broaden its presence in Vietnam’s voluntary market.
Read MoreUK energy company to build world’s first wood-powered cargo ship
A British energy firm with ambitions to become a global player in bioenergy with carbon capture and storage (BECCS) has drawn up plans for the world’s first wood-powered cargo ship.
Read MoreJapan to draw up 2040 decarbonisation strategy, strengthen legal foundation of domestic ETS
Japan has launched a process to formulate a new national decarbonisation strategy towards 2040, which it intends will give more clarity to the trajectory of the country’s emissions trading system.
Read MoreJapan’s main bourse to add GX-ETS units to carbon marketplace
Japan’s main trading bourse is planning to add emissions reductions issued under the GX League to its carbon trading platform, expanding the scope of units tradable beyond offsets from the national J-Credit programme.
Read MoreMajor Japanese utility to close five coal-fired units by 2030, accelerate adoption of ammonia coal co-firing
One of the largest electricity utilities in Japan is planning to gradually phase out five ‘inefficient’ coal-fired power units that contribute around 30% of its thermal power generation capacity, while making some other utilities run partially on ammonia or biomass in a move to cut CO2 emissions.
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