Japan, Indonesia adopt CCS/CCUS regulations, approve new methods at Joint Crediting Mechanism meeting
Indonesia and Japan at a recent meeting adopted guidelines for carbon capture, utilisation, and storage (CCS/CCUS) projects under the latter’s Joint Crediting Mechanism (JCM), as well as approving seven new eligible crediting methodologies.
Read MoreJapan to ramp up renewables, give place to CDR in energy and climate strategy
Japan has released the draft version of its 7th Energy Basic Plan, proposing to ramp up the share of renewables in its energy mix while saying carbon dioxide removal (CDR) will be needed to offset emissions it can’t otherwise eliminate.
Read MoreJapanese shipping firm signs five-year offtake deal for credits from US DACCS project
A Japanese shipping firm has agreed a five-year deal to buy credits from a Direct Air Capture with Carbon Storage (DACCS) project in the US, using petroleum company ENEOS as a middle man.
Read MoreJapan, Philippines reject firewood cookstove methodology for JCM
The joint committee (JC) regulating the Japan-Philippines Joint Crediting Mechanism (JCM) has rejected two proposed methodologies amid concerns they might lead to over-crediting, including one for high-efficiency firewood cookstoves.
Read MoreJapanese exchange to list J-Blue credits
A Tokyo-based firm will soon list J-Blue credits on its carbon credit exchange in a bid to provide high quality credits to the market, it announced Tuesday.
Read MoreJapanese insurer invests $25 mln in forest carbon fund
A major Japanese life insurer on Monday announced it will invest 3.8 billion yen ($25 million) into the Manulife Forest Carbon Fund (MFCF).
Read MoreJapanese developer plans credits from Thai rubber
A Japanese project developer has signed a Memorandum of Understanding (MoU) with Thailand’s Rubber Authority on developing carbon credits from biochar, which it hopes will help the world’s rubber industry decarbonise.
Read MoreFinanciers flag how policy can spur nature action
Action on nature could be boosted by blended finance, sending whole-of-government signals, and larger transactions, financiers said during a UN Environment Programme Finance Initiative (UNEP FI) event in Switzerland on Tuesday.
Read MoreAsia Pacific shipping sector faces 100 Mt/year CCS challenge, report finds
Ships may have to transport some 100 million tonnes of CO2 annually between jurisdictions by mid-century, which will require huge advance efforts in terms of funding and other preparations, according to a report released Wednesday.
Read MoreJapanese climate tech company acquires software firm to improve emissions data accuracy
A Tokyo-based climate tech company has acquired a software firm to streamline emissions data collection and improve the accuracy of primary data, it announced Tuesday.
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