Emerging compliance markets, reporting regimes making emitters “nervous” over lack of supply, panellists say
Large emitters are getting “nervous” as a result of the mounting compliance schemes and reporting requirements they are facing in 2024, likely to drive investment and participation in carbon markets, a conference heard Wednesday.
Read MoreIndian renewable energy firm to supply green ammonia to Japan in $5-bln partnership
An Indian renewable energy firm has entered into an agreement with a Japanese industrial group for the production of green ammonia in the Indian state of Odisha under a project involving over $5 billion worth of investments that the parties say will reduce emissions by 54 million tonnes of CO2e over the project lifetime.
Read MoreMajor Asian banks lack coal exclusion policy, continue to finance polluting projects -report
Most leading banks in the Asian continent still include coal in their investment portfolios and continue to make investments in “climate destruction”, according to a report released Tuesday.
Read MoreVCM Report: High number of carbon credits retired, but large number old and near-worthless
Retirement of credits continued at a healthy pace last week to underline ongoing demand, although a large chunk of the credits were pre-2016 vintage, and some were from before 2010.
Read MoreJapanese giant eyes biogas CCS credits through Scandinavian investment
A Japanese trading house plans to start earning credits from carbon capture and storage (CCS) work from next year via a new partnership with a Norwegian company.
Read MoreMajor Japanese industrial firm to embark on carbon capture pilot
A major industrial firm in Japan has teamed up with a domestic utility to accelerate the development of next-generation CO2 capture technology, with a pilot project set to become operational in 2025.
Read MoreVCM Report: Shell and signs of a REDD revival dominate voluntary carbon market
Shell’s ongoing retirement spree and signs of a REDD revival for fresh vintage credits dominated voluntary carbon market activity over the past week.
Read MoreJapanese shipping major to conduct ocean thermal study in Mauritius under JCM
Japan’s Ministry of Economy, Trade and Industry (METI) has appointed a major shipping company to conduct research on the potential of ocean thermal energy in Mauritius as part of a broader programme to support the bilateral Joint Crediting Mechanism (JCM).
Read MoreShell’s huge carbon credit retirement spree includes 1 mln units linked to discredited rice methodology
Oil major Shell has retired more than a million credits this week that were generated from a discredited UN rice farming methodology deactivated by certifier Verra last March amid integrity concerns.
Read MoreJapan to encourage carbon market participation via funding support -media
The government of Japan is planning to encourage participation in the country’s newly established voluntary carbon market by setting up requirements for companies that intend to receive financial support for their decarbonisation measures, local media reported.
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