Japanese trading company joins Louisiana-based DAC project, eyes 1 mln tonne carbon removals
A major Japanese trading company has announced its participation in a large direct air capture (DAC) project in the US, as it continues to seek opportunities in the carbon removal sector.
Read MoreVCM Report: SBTi spark fizzles out by end of week, voluntary carbon prices little changed, liquidity thin
Prices were little changed last week on low volume, but the Science Based Targets initiative (SBTi)’s sudden change of policy to allow qualifying voluntary carbon credits to be used to offset some corporate emissions could inject a surge of investment and interest in the voluntary market.
Read MoreJapan moves to bring more hydrogen projects into JCM
Japan on Monday released a funding call under the Joint Crediting Mechanism (JCM) for hydrogen or other new technology projects that so far have been moving ahead without carbon finance.
Read MoreFormer Xpansiv, ICAP carbon market stalwarts team up to launch new trading firm
Four voluntary carbon market professionals have teamed up to launch a new trading and advisory desk, they said Monday.
Read MoreJapan becomes first country to include greener concrete, seaweed beds in emissions inventory report
Japan in its latest annual emissions inventory report included carbon removals from environmentally friendly concrete products and seaweed beds, the first country to do so, the environment ministry announced Friday.
Read MoreINTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement
The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.
Read MoreJapanese, Thai developers ink deal for JCM project
A Japanese project developer has entered into an agreement with a Bangkok-based firm for an afforestation project in Thailand under Japan’s Joint Crediting Mechanism (JCM), the companies announced Thursday.
Read MoreSBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision
A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
Read MoreCarbon markets could support CCS development, but more is needed -report
Carbon markets could support carbon capture and storage (CCS) work but hurdles remain, such as return on investment, buyer appetite, and incentivising the entire chain including transport, according to a report released this week.
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