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Japan minister pushes for doubling renewables target

Published 02:57 on December 16, 2020  /  Last updated at 01:08 on December 17, 2020  /  Asia Pacific, Japan  /  No Comments

Japan should aim for getting more than 40% of its energy from renewable sources by 2030, around double the current government target, according to Environment Minister Shinjiro Koizumi, who is also backing a domestic price on carbon.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, 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

Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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Japan’s GHG emissions continue to fall, putting Paris pledge in easy reach

Published 10:12 on December 8, 2020  /  Last updated at 21:08 on December 8, 2020  /  Asia Pacific, Japan  /  No Comments

Japan’s greenhouse gas emissions fell 2.7% year-on-year in FY2019, preliminary government data showed Tuesday, keeping the country on track to easily meeting its Paris pledge from five years ago.

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Japan opts for automaker emissions trading market

Published 10:27 on December 7, 2020  /  Last updated at 23:15 on December 7, 2020  /  Americas, Asia Pacific, Japan, RINs & LCFS, US  /  No Comments

Japan is planning an emissions trading market for its car industry similar to schemes operating in California to help reach its 2050 net zero target.

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Santos, Mitsubishi to explore carbon neutral LNG options

Published 08:58 on December 7, 2020  /  Last updated at 08:58 on December 7, 2020  /  Asia Pacific, Australia, International, Japan, Voluntary Market  /  No Comments

Australia’s Santos and Japan’s Mitsubishi are considering options for delivery of carbon neutral LNG from Santos’ Barossa project, after the two on Monday announced a 10-year deal worth 1.5 million tonnes of gas annually.

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‘Not a good time’ for carbon pricing mechanism in Japan -MP

Published 10:58 on December 2, 2020  /  Last updated at 22:44 on December 2, 2020  /  Asia Pacific, Japan  /  No Comments

Japan is considering a carbon pricing mechanism, but will not propose one ahead of the general election next October, a ruling party lawmaker said Wednesday.

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Japan, South Korea oppose move to bring global shipping into EU carbon market

Published 17:30 on November 26, 2020  /  Last updated at 22:39 on November 26, 2020  /  Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, South Korea  /  No Comments

Japan and South Korea have voiced concerns over EU plans to extend the scope of its ETS to include emissions from all voyages using the 27-nation bloc’s ports, which the European Commission is considering as part of its carbon market reform plans.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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MARCU MY WORDS: The importance of the Article 6 Guidelines to the success of the Paris Agreement

Published 22:46 on November 4, 2020  /  Last updated at 22:46 on November 4, 2020  /  Asia Pacific, Aviation/CORSIA, Climate Talks, Dialogue, International, Japan, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South Korea, Views, Voluntary Market  /  No Comments

The absence of the Article 6 Guidelines creates uncertainty for the accounting treatment of assets in the emerging carbon market under the Paris Agreement as well as for other related markets. The importance of the international accounting treatment cannot be overstated.

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Tokyo ETS firms donate 4.2 mln offsets to help make Olympics carbon free

Published 09:23 on October 30, 2020  /  Last updated at 21:56 on October 30, 2020  /  Asia Pacific, Japan  /  No Comments

A total 153 companies participating in Tokyo’s emissions trading scheme have donated almost 4.2 million carbon offsets to the metropolitan government to help offset emissions from the city’s hosting of the Olympic Games.

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