Japan issues first tranche of its ambitious $11-bln climate bond
Japan has issued the first instalment of its climate transition bond worth 1.6 trillion yen ($11 billion) to fund its emission reduction targets, UK-based non-profit and certifier Climate Bond Initiative confirmed Thursday.
Read MoreLack of ASEAN regulations seen as brake to Japan CCS ambitions
Japan’s government, related agencies, oil and gas companies, and industrial emitters see great hope in the saline aquifers and depleted oil and gas reservoirs across Southeast Asia as a permanent storage solution for a portion of their carbon emissions, the only problem is the region’s lack of regulations to support this, a webinar heard Thursday.
Read MoreUS biorefinery offtake partnership with Japanese firm to reduce 1.4 MtCO2 yearly
A joint development agreement announced Wednesday between a US petrochemical producer and a diversified Japanese conglomerate is expected to reduce nearly 1.4 million tonnes of CO2 annually from a biofuel refinery combined with carbon capture and storage (CCS).
Read MoreMost shipowners back LNG to meet IMO rules despite methanol hype -report
Shipowners have targeted liquefied natural gas (LNG) as the fuel to meet the International Maritime Organisation’s (IMO) 2030 climate targets, while methanol, seen as a distant second-place option, has been largely promoted by just one major company, finds a report.
Read MoreTumbling biochar prices tap into growing demand in nascent carbon removals market
Crashing prices have boosted interest in biochar credits in the nascent carbon removal market, although big ticket punts have catapulted direct air capture (DAC) as well as bioenergy with carbon capture and storage (BECCS), into the limelight and skewed emerging drivers of demand, a review of 2023 has revealed.
Read MoreVCM Report: Corporates not waiting for ICVCM’s CCP label to retire carbon credits
News of the Integrity Council for Voluntary Carbon Markets (ICVCM)’s progress report dominated the voluntary market that, for the second week running, was thin on activity but high on retirement volumes.
Read MoreBlockchain group to list digital J-Credits from April
A blockchain group that supplies digital carbon credits is planning to tap into the Japanese market through a subsidiary, seeking to bring digital J-Credits on to blockchain later this year.
Read MoreAustralia, South Korea agree to work on cross-border CCS projects
South Korea and Australia have agreed to cooperate on cross-border projects for carbon capture and storage (CCS).
Read MoreMore than 900 mln voluntary carbon credits under ICVCM review for high-integrity CCP label
Some 905 million carbon credits could be in line to be awarded the ICVCM’s Core Carbon Principles (CCPs) high-integrity stamp in an initial review of methodologies, the stakeholder initiative revealed to Carbon Pulse.
Read MoreHigh retirements of carbon credits in January shrinks oversupply for second month in a row
Retirements of carbon credits from the four largest voluntary carbon registries topped 20 million and outstripped issuances in January, although momentum slowed from the surprisingly high level of retirements in December, data from the Carbon Pulse VCM Portal shows.
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