UPDATE – Shell retires 3 million carbon credits in a day to keep December pace going
Oil major Shell has continued to retire high numbers of carbon credits this week, maintaining the market-leading pace it set in December that was enough to see the year’s total on major registries top the levels of the previous year.
Read MoreJapanese gas giant lines up more Asia Pacific CCS partners in ongoing regional decarbonisation push
A major Japanese gas firm is lining up yet more offshore carbon capture and storage work in the Asia Pacific, announcing a study in the Gulf of Thailand with national oil company PTTEP.
Read MoreMajor Japanese power company to provide carbon offset software
One of Japan’s largest power companies has teamed up with a carbon software provider to help popularise the use of carbon credits in the country, it announced Tuesday.
Read MoreVCM Report: Split between old and new voluntary carbon market emerges to start year
The year has kicked off with strong divergence between what many regard as the old and new versions of the voluntary carbon market, even before the emergence of the first credits labelled with the ICVCM’s Core Carbon Principles (CCPs) stamp of high-integrity approval.
Read MoreForest carbon removal could meet a sixth of Japan’s climate commitments, study finds
Forests in Japan have the potential to offset a noticeable share of the country’s annual carbon emissions and create great monetary value in the coming two decades, though the market potential of forest carbon hinges on multiple factors, new research has found.
Read MoreGX working group calls for broad measures to improve Japan’s voluntary carbon market
A government-commissioned working group containing some of Japan’s biggest companies has called for a broad set of actions to be taken to improve liquidity and quality in the nation’s emerging voluntary carbon market, including regulatory guidelines, rating systems, and greater transparency.
Read MoreTrading house partners with two Japanese firms for drone-supported forestry offset project
A major Japanese trading house has partnered with two firms to create the first forestry-based J-Credits using drones for the MRV process, the company announced Tuesday.
Read MoreAZEC meeting commits to energy transition, plans for gas use along the way
Japan, Australia, and the Association of Southeast Asian Nations (ASEAN) held the second Asian Zero Emission Community (AZEC) Summit over the weekend, just days after the COP28 summit wound up, committing to tackling climate change as a common global challenge while ensuring energy security and mitigating geopolitical risks.
Read MoreVCM Report: Carbon credit retirements surge late in year, with older and cheap units favoured
A surge in retirement of carbon credits last week set voluntary demand on course to match 2022 levels, while trading volumes were boosted by rock bottom prices for pre-2018 REDD avoided deforestation credits as more onerous disclosure requirements loom.
Read MoreMitsubishi teams up with Thai player for AZEC decarbonisation work
Mitsubishi Corporation will work with Thailand’s Charoen Pokphand Group on an initial study to decarbonise the Southeast Asian country’s large industrial sector.
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