COP28: FEATURE – Complaints over unilateral trade measures threaten progress in crucial climate talks
The perceived injustice of industrialised countries propping up their own clean technology industries with protectionist measures and subsidies is being seized on by emerging economies as a negotiating chip that is complicating COP28 UN climate talks in Dubai, sources at the summit told Carbon Pulse.
Read MoreJapanese developer secures partnership for credit generating project in Vietnam
A Japanese project developer has teamed up with a major tech company in Vietnam to expand its carbon credit generating business in Southeast Asia, with a focus on sustainable agricultural practices.
Read MoreCOP28: Japan needs more efficient carbon pricing scheme, business coalition says
A coalition comprising major tech companies in Japan has called on the government to accelerate the construction of the domestic carbon pricing scheme, as they consider current policy arrangements too weak.
Read MoreCOP28: Bahrain oil major strikes cross-border CO2 transport deal with Japanese shipping giant
Bahrain’s biggest oil company on Tuesday signed a Memorandum of Understanding (MoU) with one of the largest shipping companies in the world for developing a carbon capture and storage (CCS) value chain.
Read MoreVCM Report: Brisk carbon credit trade like the ‘old days’, as COP28 fires up confidence in future
Carbon credit trade remained brisk in the voluntary market in the last week of November amid end of year covering, although the REDD sector continued to cast a shadow over the brighter future promised by the headlines emerging from COP28 in sunny Dubai.
Read MoreCOP28: Agriculture carbon projects to be added to Japan’s JCM, official says
Japan is preparing to expand the scope of the bilateral Joint Crediting Mechanism (JCM) to cover overseas agricultural projects, a panel heard Sunday.
Read MoreCOP28: US, other countries’ carbon market arrangements seen threatening push to strengthen trade rules -leaked EU doc
The US and other countries are implementing emissions trading initiatives that could undermine efforts to introduce more robust and transparent standards for international carbon markets, risking missing the Paris Agreement’s goals by embracing existing but flawed approaches, according to a leaked EU document.
Read MoreCOP28: Japan to stop building unabated coal power plants, triple renewables capacity
Japan will stop constructing new domestic coal-fired power plants that do not take measures to reduce emissions, Prime Minister Fumio Kishida said on Friday.
Read MoreCOP28: PREVIEW – Hosts to push voluntary carbon as markets eye convergence with UN rules
Hosts UAE plan to push voluntary carbon markets (VCM) at COP28, with regional involvement likely to ramp up at the summit, announcements expected on new and existing crediting initiatives, and stakeholders anticipating preparations for the convergence of private-sector markets and government ones under the UN Paris Agreement’s Article 6, in light of a rising number of international bilateral trade agreements and a wider drive towards raising integrity.
Read MoreJapanese natural capital consortium to launch carbon exchange next spring
A cross-sector alliance that aims to revitalise Japan’s carbon credit market is planning to launch a carbon exchange next spring, it announced Wednesday.
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