Japan’s Carbon EX opens registration for carbon trading, announces partnerships
A carbon exchange operated by one of Japan’s largest financial groups has started accepting formal registration for project developers while announcing a number of partnerships and operational details to underpin trading, a further step towards the full operation of the platform amid emerging domestic interest in carbon credits.
Read MorePREVIEW: Calls for Green Climate Fund reform mount as pledging round struggles to attract cash
Ahead of a high-level pledging conference this week, observers have warned that the utility of the Green Climate Fund (GCF) is under threat unless critical reforms are made, due to weak commitments from rich nations in the latest call for cash and a sluggish project approval process.
Read MoreVCM Report: Diverse REDD pricing creates odd backwardation in nearby curve as CME’s N-GEO future tumbles
Nearby nature-based carbon credit futures tumbled over the past week to create backwardation between the spot and the December future, as much of the rest of the market was little changed despite relatively strong volumes.
Read MoreJapanese banks wrestle with transition finance assessments
Financial institutions should use more diversified approaches and metrics to ensure an adequate evaluation of transition finance for the hard-to-abate sectors, an expert group of major Japanese banks has argued.
Read MoreWorking group to consider carbon credit eligibility in Japan’s GX League trading scheme
The government of Japan has established three working groups to promote its nationwide decarbonisation initiative, including a task force to discuss the eligibility of carbon credits, laying the foundation for the world’s fifth-largest CO2 emitter to improve an emerging domestic carbon market.
Read MoreGreen group brands Japanese plastic-to-oil plan a “distraction”
An anti-plastics waste group has poured cold water on a consortium of Japanese heavyweights’ plans to skim microplastic from the surface of a harbour and turn it into oil, suggesting it is nothing more than a “distraction” in the climate debate.
Read MoreJapanese trading firm to back millions of forest offsets with 3D measurement system
One of Japan’s major trading houses has teamed up with a software provider to help create millions of domestically issued forest-based offsets based on a 3D measurement system, it announced Thursday.
Read MoreJapan, UAE to strengthen cooperation on energy security and climate change
The climate envoy of the United Arab Emirates this week concluded an official visit to Japan ahead of COP 28 in November, as the two countries aim to strengthen their partnership on energy security and climate finance.
Read MoreMajor Japanese shipping firms join forces to build global liquefied hydrogen supply chain
Japan’s three largest shipowners on Tuesday announced their newly acquired stakes in a joint venture, as part of their effort to build up a global liquefied hydrogen (LH2) supply chain.
Read MoreVCM Report: Bounce in V18 standardised REDD contracts masks moribund market
A slight price recovery in nearby futures for REDD avoided deforestation credits over the past week provided one of the few bullish signs for the voluntary carbon market (VCM), which remains in limbo while the first badges of integrity are readied by the cross-stakeholder body ICVCM and faces increasing competition from the rise of Paris Agreement-approved units.
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