Malawi eyes carbon markets to help fund its third climate plan
Malawi has highlighted carbon markets as one of the financing mechanisms it intends to use to implement a more ambitious third Nationally Determined Contribution (NDC), as the climate-vulnerable African nation seeks to bring in greater domestic and international support for emissions reductions.
Read MoreTripling global nuclear capacity by 2050 will require major investment and policy overhaul, says OECD
Tripling global nuclear power capacity by 2050 will require a dramatic expansion of financing, skilled workers, manufacturing capacity, and government support, according to a new report published by the OECD’s specialist nuclear energy agency (NEA).
Read MorePolish developer targets £35 bln UK SMR fleet, eyes AI energy demand
A Polish small modular reactor (SMR) developer has unveiled plans to invest £35 billion in a fleet of 14 nuclear reactors across three sites in Britain, targeting first power generation by 2034 as the UK seeks to expand low-carbon electricity supply and support growing demand from AI data centres.
Read MoreFEATURE: Shipowners face choppy but navigable seas from inclusion in UK ETS, say experts
The inclusion of domestic maritime emissions in the UK Emissions Trading System (ETS) from this month is expected to pose limited difficulties for most shipowners, who are already familiar with the EU’s carbon pricing regime, but it is also unlikely to significantly cut emissions, experts said.
Read MoreAustralia’s Climate Change Authority grapples with Safeguard onsite abatement, baseline decline rates
Australia’s Climate Change Authority (CCA) is seeking feedback on key aspects of the Safeguard Mechanism, including onsite abatement and baseline decline rates, as part of broader advice to the government on achieving the country’s climate targets.
Read MoreIndia should channel carbon market revenues into industrial decarbonisation, report says
India should establish two national funds financed by revenues generated from its Carbon Credit Trading Scheme (CCTS) to support industrial decarbonisation, a report said.
Read MoreSingapore companies show early climate efforts, but target-setting lags far behind -survey
Singapore shows mixed progress on corporate decarbonisation, with the majority of companies reporting active efforts but only a quarter having actually set emissions reduction targets, a survey found.
Read MoreIndonesia’s aluminium boom risks repeating coal-powered nickel model -report
Indonesia’s fast-growing aluminium industry is following the country’s nickel sector into a heavy reliance on captive coal-fired power, with 9.8 GW of coal capacity linked to existing and planned projects, risking another emissions lock-in, according to a report released on Thursday.
Read MoreFEATURE: Data centre boom boosting renewables across APAC as governments play catch up
The global boom in data centres is driving an increase in renewable energy across Asia-Pacific as governments in the region take varying approaches, including carbon markets, to ensure the build-out does not lead to higher emissions, among other environmental considerations.
Read MoreSingapore exchange enhances climate disclosures portal to ease reporting for listed companies
The Singapore Exchange Group (SGX) announced enhancements on Thursday to its sustainability disclosures platform, further streamlining mandatory reporting for over 600 SGX-listed companies.
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