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World’s climate pledges falling far behind target, UN report shows

Published 13:00 on February 26, 2021  /  Last updated at 11:53 on February 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, UK ETS  /  No Comments

Despite some positive developments, nations’ pledges to beef up climate action fall far short of what is needed to limit global warming to 1.5C, a UN report showed on Friday.

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Japan’s Inpex to buy 5 million REDD credits from Indonesian project

Published 10:50 on February 22, 2021  /  Last updated at 10:51 on February 22, 2021  /  Asia Pacific, International, Japan, Other APAC, Voluntary Market  /  No Comments

Japanese oil and gas firm Inpex has agreed to buy 5 million carbon credits over a five-year period from the Rimba Raya REDD project in Indonesia, it said Monday.

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Japan-Kenya JCM scheme sees first carbon credits issued

Published 06:27 on February 17, 2021  /  Last updated at 09:20 on February 17, 2021  /  Africa, Asia Pacific, EMEA, International, Japan, New Market Mechanisms  /  No Comments

The Japan-Kenya Joint Crediting Mechanism (JCM) committee has approved issuance of carbon credits to a solar PV project in Kenya, the first JCM units awarded to any scheme in the East African country.

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CORRECTION: Energy and industry ministry takes lead in Japan carbon pricing process

Published 12:52 on January 26, 2021  /  Last updated at 00:44 on January 30, 2021  /  Asia Pacific, Japan  /  No Comments

Japan’s cabinet on Tuesday cleared the way for a working group to set out a carbon pricing path for the country, but put the business-friendly Ministry of Energy, Trade, and Industry (METI) in charge of the process, relegating the environment ministry to observer status.

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ANALYSIS: Climate ambition gap following Paris NDC deadline leaves task to major emitters 

Published 23:00 on January 5, 2021  /  Last updated at 02:02 on January 6, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Most countries have missed a year-end deadline to update and enhance their GHG reduction commitments as the Paris Agreement took effect on Jan. 1, putting more focus on the need for greater climate ambition from large emitters this year to help close the gap to achieving the pact’s temperature goals.

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BRIEFING: International emissions trading pilots see fourfold funding gain ahead of Paris rulebook

Published 10:08 on December 22, 2020  /  Last updated at 22:55 on December 22, 2020  /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, South Korea, Switzerland  /  No Comments

Governments have committed $1.37 billion towards international emissions trading pilot programmes to help meet Paris Agreement goals, according to a report that charts a fourfold rise in finance inside 18 months.

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Japan PM instructs officials to draw up carbon pricing proposal

Published 00:54 on December 22, 2020  /  Last updated at 01:03 on December 22, 2020  /  Asia Pacific, Japan  /  No Comments

Prime Minister Yoshihide Suga has instructed the environment ministry to draw up a carbon pricing proposal as an option for the country’s climate policy strategy.

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Japan minister pushes for doubling renewables target

Published 02:57 on December 16, 2020  /  Last updated at 01:08 on December 17, 2020  /  Asia Pacific, Japan  /  No Comments

Japan should aim for getting more than 40% of its energy from renewable sources by 2030, around double the current government target, according to Environment Minister Shinjiro Koizumi, who is also backing a domestic price on carbon.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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Japan’s GHG emissions continue to fall, putting Paris pledge in easy reach

Published 10:12 on December 8, 2020  /  Last updated at 21:08 on December 8, 2020  /  Asia Pacific, Japan  /  No Comments

Japan’s greenhouse gas emissions fell 2.7% year-on-year in FY2019, preliminary government data showed Tuesday, keeping the country on track to easily meeting its Paris pledge from five years ago.

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