Japanese trading house to subsidise low-friction paint for maritime decarbonisation
A major trading house in Japan has launched a performance-based payment scheme that encourages the use of anti-fouling paint for ship bottoms with the view of driving down emissions in the shipping sector, it announced Wednesday.
Read MoreVCM Report: Integrity drive undermined by large trade in near-worthless voluntary carbon credits
Prices barely moved last week and trade thinned to curtail some early exuberance of a revival of the voluntary carbon market this year after a trough in the second half of 2023, although retirement levels remained healthy.
Read MoreJapan, Ukraine to trade Paris-aligned carbon credits under JCM
Ukraine has become the 29th country to sign up to Japan’s Joint Crediting Mechanism (JCM), in the hope of generating carbon credits aligned with the Paris Agreement.
Read MoreJapanese exchange operator taps into Vietnam carbon market
A Japanese carbon marketplace operator has secured a strategic partnership with one of the largest IT companies in Vietnam as its latest foray into the Southeast Asian market.
Read MoreJapanese shipping firm completes blockchain-backed insetting pilot
A Japanese shipping giant has carried out an insetting pilot featuring the tokenisation of emissions reductions as part of a broader target to decarbonise its supply chain, it announced Thursday.
Read MoreJapanese firm offers carbon credits at the pump
A Japanese petroleum supplier is offering its corporate clients to buy carbon credits to offset their petrol and diesel oil.
Read MoreInvestor, tech firm partner to launch Japan’s first nature-based carbon fund
A Tokyo-based sustainable investment platform has teamed up with a technology and advisory firm to launch what they say will be Japan’s first investment fund for nature-based carbon credits, with a target size of 10 billion yen ($67 million).
Read MoreVCM Report: Voluntary carbon market struggles for direction awaiting CORSIA and ICVCM clarity
Standardised voluntary carbon market prices continued on a sideways trajectory last week as participants mulled the work being done by the Integrity Council for Voluntary Carbon Markets (ICVCM), while also awaiting clarity on which units will be eligible for the current CORSIA phase.
Read MoreGlobal carbon markets post 2% increase in value in 2023 -analysts
Global carbon markets expanded for a fifth straight year in 2023, though the 2% annual growth rate was significantly slower compared to the prior year, analysts said.
Read MoreMajor steel producer to scale carbon capture and utilisation pilot
A steelmaking venture is working to reduce its CO2 emissions via a novel carbon capture and utilisation tech, and plans a huge ramp-up in scale of its pilot after receiving fresh government funding.
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