Analysts predict big 2025 ramp-up for CCUS
The world looks close to adding 20% new carbon capture utilisation and storage (CCUS) capacity in 2025, a leading energy consultancy said this week, calling it the “largest annual increase to date”.
Read MoreSouth Korea backs methane reduction projects in Southeast Asia
A Seoul-headquartered intergovernmental organisation has initiated a $20 million methane mitigation programme to drive down emissions in Southeast Asia.
Read MoreThai bourse to operate carbon market, SEC chief says
Thailand’s Securities and Exchange Commission (SEC) chief said this week that the nation’s bourse will introduce carbon trading in a bid to gain experience and boost liquidity.
Read MoreIndian firm sells credits to Google in “world’s biggest biochar deal”
An Indian biochar firm has agreed to sell 100,000 carbon dioxide removals (CDR) credits to technology giant Google, in what it dubbed the “world’s largest industrial biochar offtake agreement”, in an announcement on Thursday.
Read MoreResearchers flag gaps in nature-related disclosures in Asia-Pacific
A study on corporate reporting in the Asia-Pacific region has found that only a quarter of surveyed companies believe biodiversity issues impact their business, with South Korea, Vietnam, and China among the countries with the biggest gaps in nature-related disclosures.
Read MoreTaiwan seeks to bring forward ETS implementation timeline – media
Taiwan is planning to accelerate the construction work for a planned emissions trading scheme (ETS), which could be launched as early as 2026, according to local media reports.
Read MoreDeveloping nations lack public involvement in CDR growth, research finds
There is insufficient public participation in processes around carbon removals (CDR) in developing countries, which is a crucial requirement in the advancement of such technologies, a recent study has found.
Read MoreINTERVIEW: Ocean-based CDR firm secures major aviation-backed carbon removal deal
An ocean-based carbon removal (CDR) provider will sequester 200,000 tonnes of CO2 over four years under a new agreement that, according to a company executive, represents the largest deal of its kind in the industry, backed by an aviation-focused sustainability investment firm.
Read MoreID Market: IDX Carbon traded volume surpasses 1 MtCO2e, adds three more projects
Indonesia’s National Carbon Exchange (IDX Carbon) has seen a boost in trading volume in January, with three more projects being added to generate carbon credits.
Read MoreWTO greenlights EU plans to phase out biofuels, recognises Indonesia’s concerns
The EU’s plan to phase out palm oil and crop-based biofuels is compatible with international market rules, but implementation has to improve, the World Trade Organization (WTO) has established, ruling on a five-year-old Indonesian dispute.
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