US chemical carbon conversion company raises $5 million
A Washington-based company reducing the carbon intensity of feed, fibers, fuel, and fertiliser by converting recycled CO2 has received $5 million in seed funding from four investors, it announced on Thursday.
Read MoreJapan’s steel sector far from credible decarbonisation -report
None of Japan’s ‘big three’ steel makers are close to realising the kinds of steep emissions cuts needed for the energy transition according to their own stated emissions plans, an Asian think tank said Thursday.
Read MoreJapan’s slow carbon pricing progress misaligned with IPCC guidance, think-tank says
Japan’s green transformation (GX) initiative is misaligned with UN guidance on climate policy, especially given the country’s slow regulatory progress in carbon pricing, a think-tank has said.
Read MoreClimate action crawls amid insufficient carbon pricing, pressure on COP28 -report
The world is lagging behind on almost every indicator of efforts to tackle climate change, including carbon pricing systems, according to a multi-researcher report that piles up concerns for the upcoming COP28 UN negotiations.
Read MoreICAO body recommends immediate or conditional CORSIA eligibility for seven carbon offset standards
ICAO’s Technical Advisory Body (TAB) has recommended that two carbon standards be immediately approved to supply credits to the global aviation sector’s carbon offset scheme for the 2021-23 pilot phase, while five others achieved conditional recommendations for 2024-26.
Read MoreVCM Report: REDD credibility hits a wall and sinks standardised nature-based carbon credit contracts
The implosion of REDD credibility continued to dominate the voluntary carbon market last week with prices sliding again following news of certifier Verra suspending issuance of two connected Kenyan projects over allegations of sexual harassment and abuse by senior staff.
Read MoreJapanese carbon developers tap into Indonesia despite concerns over data availability and policy uncertainty
A number of Japanese project developers are looking to expand their presence in Indonesia’s growing offset market, though limited data availability and policy uncertainties remain top challenges for newcomers, a conference heard Thursday.
Read MoreJapanese energy security body pushes again for ASEAN carbon credit regime for CCS
Carbon credits for carbon capture and storage across the Southeast Asian region will underpin the economic development of what a Japanese government body sees as a key decarbonisation tool.
Read MoreInpex plans CCS carbon credits for Indonesia LNG project
Japanese oil and gas firm Inpex plans to generate and sell carbon credits from its Abadi LNG carbon capture and storage project in Indonesia, a conference heard Wednesday.
Read MoreJapan to debut climate transformation bond in 2024
Japan will issue its first climate transformation bond next year to drive decarbonisation of five key sectors and enable public-private partnerships, and ultimately not just drive its own decarbonisation but much of Asia’s.
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