Japan’s biggest business group wants major JCM expansion, overhaul
The biggest business group in Japan has demanded the government makes major changes to the Joint Crediting Mechanism (JCM), including involving more partner countries and project types, increasing project co-funding, and making it easier and more attractive for private companies to participate.
Read MoreVCM Report: Nature-based standardised carbon contracts hammered by REDD scandals
Nature-based standardised carbon credit prices suffered another hammer blow last week after certifier Verra suspended issuance and launched an investigation into another REDD project, although the news came too late to gauge the impact on the wider avoided deforestation sector.
Read MoreJapanese trading house to expand forest carbon portfolio in Malaysia
A major Japanese trading house has established partnerships with two Malaysian companies for the potential operation of forestry projects in the Southeast Asian country, which could restore biodiversity and create carbon credits, it announced Monday.
Read MoreAustralia to pass London Protocol amendments bill after govt gains cross-party support
The Australian parliament is set to pass the government’s legislation to allow the transboundary transport and underground storage of CO2, with the Liberal party joining Labor in support of the bill in the Senate.
Read MoreJapan pilots biodiversity support certificates to beef up nature spending
Japan has started the first phase in a pilot for companies seeking to generate certificates by supporting government-certified biodiversity projects that they can use in reports under the Taskforce on Nature-related Financial Disclosures (TNFD).
Read MoreMajor Japanese trading firm secures mangrove-based credits from Indonesia
A major trading company in Japan has teamed up with a Singapore-based project developer to secure carbon credits from mangrove plantations in Indonesia, as part of a broader plan to expand its global carbon portfolio.
Read MoreJapanese biomass hopeful plans steel emissions reduction of 30%
A Japanese steelmaker is looking at beginning the long path to creating lower emissions steel via a collaboration with ZE Energy and NextCarbon to use biomass coke.
Read MoreVCM Report: Early October enthusiasm for carbon credits fades after Kariba bad press
Activity in the voluntary carbon market dried up over the past last week compared to the flourish seen at the start of the fourth quarter, with confidence knocked by another dose of negative press about the troubled Kariba REDD project in Zimbabwe.
Read MoreCanadian hydrogen from natural gas labelled as CO2-free gets $10 mln for South Korea’s net zero goal
A Canadian hydrogen company announced Monday that it has secured $10 million in funding to develop a supply chain of CO2-free hydrogen and ammonia from natural gas for South Korea to meet its net zero ambitions, in partnership with a Korean energy company.
Read MoreKazakhstan becomes latest nation to sign up to Japan’s JCM
Kazakhstan on Monday became Japan’s 28th partner country under the Joint Crediting Mechanism (JCM), through which Tokyo hopes to generate 50-100 million carbon credits by the end of the decade.
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