Japan to pilot digital J-Credit verification, issuances
A tech firm will in November launch a demonstration project to digitalise the process of verifying and issuing units under the J-Credit scheme, as the government seeks to make the process quicker and easier for market participants.
Read MoreGovernment guidance seen needed to stimulate demand for carbon credits in Japan
More government guidance is needed to unleash demand for carbon credits from Japanese companies, despite Tokyo’s recent efforts to support the development of the country’s voluntary market, a conference heard Thursday.
Read MoreJapan certifies over 100 OECMs in bid to drive private sector biodiversity action
Japan’s environment ministry this week concluded the certification of 122 sites across the country as Other Effective area-based Conservation Measures (OECMs), its core policy to incentivise businesses to contribute towards the country meeting its 30 by 30 biodiversity protection targets.
Read MorePublic still leery over airline carbon offsets, prefers clean jet fuel
More than just sustainable aviation fuel (SAF) will be needed to decarbonise the world’s aviation industry as even with full deployment only 80% of emissions will be cut, and customers may not always be willing to cover the costs, a conference heard Wednesday.
Read MoreJ-Credit seller secures offtake agreements with Japanese banks
A Tokyo-based J-Credit intermediary in Japan’s fledgling carbon market has signed a supply agreement with two local banks looking to offset their emissions and offer carbon market access to their customers.
Read MoreCurrent carbon capture growth trajectory insufficient to meet net zero, fossil demand to peak by 2030, says IEA
Stronger policy support for carbon removals and capture, utilisation, and storage (CCUS) technologies is required to scale capacity to meet 2050 net zero goals, according to the International Energy Agency’s flagship energy report, which also forecasts peak fossil fuel demand this decade based on the current outlook.
Read MoreMajor financial trade body calls for standardised accounting across carbon markets
A lack of specific accounting standards for carbon credit trading has led a major financial industry trade association to publish a whitepaper offering guidance for the treatment of such units.
Read MoreVast majority of world’s coal companies have failed to set exit dates -report
Around 95% of the world’s thermal coal value chain lacks a phaseout commitment and only half of those with exit dates have timelines aligned with the Paris Agreement, according to an NGO-compiled report published on Thursday.
Read MoreFEATURE: Macro pressures threaten climate investment as finance debate hots up ahead of COP28
Concerns are mounting that high debt piles, or a possible global economic recession, could knock the energy transition off course.
Read MoreDuo seeks to streamline forest J-Credit generation through AI and drone technology
A Japanese project developer predominantly involved in agricultural projects has teamed up with a forest management firm to begin generating J-Credits in the Kansai region, while planning to offer a simplified process for other companies to establish themselves in the market through new technology.
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