Greece, EU unveil ETS-funded multi-billion-euro investment vehicle to decarbonise country’s islands
Greece has unveiled an multi-billion-euro investment vehicle with the EU to decarbonise its islands’ energy sources, raising funding in part from the sale of 25 million carbon allowances.
Read MoreJapanese leasing company to support creation of nature-based carbon credits in Southeast Asia
A Tokyo-listed financial firm has teamed up with a project developer with an increasing presence in Southeast Asia to pursue the creation of nature-based carbon credits.
Read MoreJapan to release policy draft on domestic carbon market soon -media
The Japanese government is expected to soon release draft regulations for its planned emissions trading scheme, requiring hundreds of domestic emitters to participate in the programme, according to domestic media reports.
Read MoreCOP29: Singapore, Japan set overseas carbon credit targets for 2030 NDC
Singapore and Japan have formulated purchase targets for Paris-aligned carbon credits through 2030.
Read MoreCOP29: Corporates call for carbon pricing certainty to decarbonise heavy industry
Heavy-emitting industries point to carbon capture and storage (CCS) as essential to achieve emissions reductions, but the current ecosystem of global carbon pricing measures remains insufficient for scale-up, corporates said on the sidelines of the COP29 global climate summit in Baku, Azerbaijan.
Read MoreJapanese trading house, energy company to promote AI-based evaluation system for carbon credits
One of Japan’s largest trading houses has teamed up with a domestic energy company to develop the use of AI tools in evaluating carbon credit quality, they announced Monday.
Read MoreJapan to soon add DAC methodology to national offset programme
Japan is preparing to add an offset methodology for direct air capture (DAC) projects to its national voluntary J-Credit programme.
Read MoreCOP29: Canada unveils climate finance platform for vulnerable regions
Canada’s environment minister announced on Tuesday a new finance platform to mobilise climate-focused investments in vulnerable regions at the UN conference in Baku.
Read MoreCOP29: Indonesia rolls out standard arrangement for bilateral carbon trading
Indonesia on Tuesday launched a Mutual Recognition Arrangement (MRA) to formalise bilateral carbon trading, with Japan the first nation to sign up and others expected to follow.
Read MoreDeveloped countries should take on extra carbon reduction, removal onus on top of national targets -researchers
With the global carbon budget for a 1.5C rise in temperatures set to be exceeded, researchers have floated the idea of assigning rich countries responsibility for extra emissions reductions and carbon removals in addition to achieving their own national targets.
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