Indonesia’s forests become carbon negative, but growth falters
Indonesia’s forests absorbed more carbon than they emitted in 2022, turning net negative as deforestation has slowed over the years, but efforts to expand forest cover may be stalling as croplands emerge as the biggest emitter for land use.
Read MoreThailand to attract $200 mln for biodiversity over the next five years
Thailand has released its second Biodiversity Finance Plan (BFP) for the period 2023-27, aiming to mobilise $200 million for nature-positive initiatives.
Read MoreTaiwan sets 2035 targets for nature-based solutions, but biodiversity concerns remain
Taiwan’s agriculture ministry has incorporated the development of carbon sinks from nature-based solutions into its climate strategy, but experts have expressed concerns over the potential impact on biodiversity, a public hearing heard Tuesday.
Read MoreAsian flag carrier signs on for SAF, SAF certificates
One of Asia’s largest carriers has signed an agreement to take 1,000 tonnes of CORSIA-eligible sustainable aviation fuel (SAF) and another to take SAF certificates to reduce emissions by just under 10,000t.
Read MoreSouth Korea, Vietnam eye REDD+ MoU this year
South Korea plans to ink a Memorandum of Understanding (MoU) with Vietnam this year to implement a UN-backed REDD+ project in the Southeast Asian country, as part of Seoul’s effort to secure millions of credits from the forest-based offset scheme.
Read MoreMajor Indian developer divests new project auditing business amid market hue and cry
A major India-headquartered offset project developer has sold off its wholly-owned accreditation services firm even before operationalising it, as market participants labelled the endeavour a conflict of interest, Carbon Pulse has learned.
Read MoreIETA outlines steps for Indonesia to improve carbon trading framework
Indonesia could fetch higher prices and driver bigger emissions reductions by developing a more sophisticated carbon market framework, according to industry group IETA.
Read MoreCF TURKIYE – BRIEFING: Regulatory clarity, more investment needed to scale carbon removals
The carbon removals market will not scale without clear regulatory frameworks, targeted public support, and a mix of engineered and nature-based approaches, speakers told the Carbon Forward Turkiye conference in Izmir.
Read MoreGoogle announces superpollutant carbon credit deals with Indonesian, Brazilian projects
US-based tech giant Google on Thursday announced carbon credit deals for the equivalent of 1 million tonnes of CO2e over the next century from a commercial cooling project in Indonesia and a landfill activity in Brazil.
Read MoreIndian startups lead charge in ERW, target compliance grade removals
India is emerging as a front-runner in the global race to remove CO2 from the atmosphere, as enhanced rock weathering (ERW) startups working with smallholder farmers and plantation estates bet on the South Asian country’s basalt-rich geology and vast agricultural terrain to scale durable carbon removals.
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