Philippines government looking into introducing a carbon tax
The Philippines government is looking at whether to introduce a carbon tax in the country, holding an “exploratory” workshop on the subject this week.
Read MoreHong Kong to launch carbon crediting scheme for building sector
Hong Kong is planning to launch a carbon crediting scheme for its building sector that could generate 2.5 million allowances a year, and it is developing a blockchain-based trading platform to create a domestic market for the units, according to government officials.
Read MoreMayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme
Fears are mounting that ICAO’s international aviation offsetting mechanism could collapse well before its 2021 start as China backtracks and other nations resist, while the scheme’s rules get severely weakened or delayed by infighting.
Read MoreICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out
The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.
Read MoreJapan picks 17 JCM projects for annual funding
Japan has awarded small grants to 17 projects that aim to cut greenhouse gas emissions and generate carbon credits under its Joint Crediting Mechanism (JCM).
Read MoreSouth Korean firms ink PoA deal as country eyes new CDM projects following carbon market rule change
Three South Korean firms have signed a preliminary agreement to invest in a cookstove PoA, as investors and participants in the country’s emissions trading scheme dip their toes back into the CDM market after the government earlier this year made some UN-issued carbon credits eligible for compliance use.
Read MoreNumber of deregistered CDM projects doubles
The number of projects that have been deregistered from the CDM has doubled, according to UNFCCC data.
Read MoreGermany, World Bank gear up for €20m N2O offset auction
The World Bank will host at least one more reverse auction to buy €20 million ($23.4 mln) in carbon credits from N2O abatement projects as part of a German programme to encourage host developing countries to eventually regulate those emissions.
Read MoreFuture of global carbon markets rests on China success -survey
The future of emissions trading globally rests on whether China’s carbon market is deemed a success by the international community.
Read MoreIBM, Veridium unveil blockchain-based offset trading platform, with initial focus on REDD
IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.
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