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CCUS in India has key net zero role but needs incentives, govt think-tank says

Published 10:43 on December 5, 2022  /  Last updated at 10:43 on December 5, 2022  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

CCUS can play a critical role in India’s decarbonisation efforts but a viable policy framework that prioritises financial and tax incentives across the value chain needs to be put in place to bring it to scale, including via the carbon market, a government think-tank has urged.

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ANALYSIS: Taiwan’s proposed climate bill vague on carbon price, access to voluntary market

Published 10:26 on December 5, 2022  /  Last updated at 10:26 on December 5, 2022  /  Asia Pacific, Other APAC, Voluntary  /  No Comments

Taiwan’s legislature is set to pass a revised climate bill by the end of this year, though lack of policy clarity surrounding carbon pricing mechanism could hamper the island’s ambitions towards net zero and leaves it unclear to which degree Taiwanese companies can rely on access to the international carbon market, experts told Carbon Pulse.

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Indonesian carbon tech firm raises $4.5 mln for expansion purposes

Published 09:42 on December 5, 2022  /  Last updated at 09:42 on December 5, 2022  /  Asia Pacific, Other APAC, Voluntary  /  No Comments

An Indonesian carbon trading and project developer has raised $4.5 million in seed funding to go towards marketing, project development, and hiring new staff, according to local media.

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Malaysia’s Sarawak to begin first forest carbon project under new regulations in Q1 2023

Published 08:41 on December 2, 2022  /  Last updated at 08:41 on December 2, 2022  /  Asia Pacific, International, Nature-based, Other APAC, Paris Article 6, Voluntary  /  No Comments

Sarawak’s inaugural forest carbon project will go ahead in early 2023, the first since a local law was adopted in May to set up a carbon market in the Malaysian state that will be guided by international protocols.

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Taiwan should prioritise biomass carbon sinks to reach net zero -report

Published 10:26 on December 1, 2022  /  Last updated at 10:26 on December 1, 2022  /  Asia Pacific, Other APAC  /  No Comments

Taiwan should prioritise the development of biomass carbon sinks and emerging nature-based solutions to help reach its 2050 net zero targets, a government-funded research institute has urged.

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UN publishes 2018-20 data for GHG emissions savings from forestry in Indonesia

Published 09:35 on November 30, 2022  /  Last updated at 09:35 on November 30, 2022  /  Asia Pacific, Nature-based, Other APAC, Voluntary  /  No Comments

The UN released this week data on GHG emissions from forestry for Indonesia in 2018-20, reporting that the forest-rich Southeast Asian nation had been able to achieve annual average GHG emissions savings in that sector of nearly 200 million MtCO2e for the three-year period.

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Report urges palm oil industry to make up for nearly 1 mln hectares of forest loss

Published 09:27 on November 30, 2022  /  Last updated at 09:27 on November 30, 2022  /  Asia Pacific, International, Other APAC  /  No Comments

The global palm oil industry should contribute to the recovery of past harm made in oil palm-rich landscapes, regenerating nearly 1 million hectares (ha) of forest, according to a non-profit report released on Wednesday.

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Australian firms to pilot nature-based solutions in Vietnam

Published 03:05 on November 30, 2022  /  Last updated at 03:05 on November 30, 2022  /  Asia Pacific, Australia, Nature-based, Other APAC, Voluntary  /  No Comments

A group of Australian firms along with the government have teamed up to run a pilot reforestation project in Vietnam in a bid to lay the foundations for broader implementation of nature-based projects in the country.

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Japan govt outlines comprehensive carbon market plan, plans Asia-wide push

Published 11:21 on November 29, 2022  /  Last updated at 11:21 on November 29, 2022  /  Asia Pacific, International, Japan, Other APAC, Paris Article 6, Voluntary  /  No Comments

Japan on Tuesday announced a proposal to gradually expand the domestic use of carbon pricing to help fund $1.1 trillion in economic transition bonds while also launching a push for increased use of an emissions market to drive decarbonisation across Asia.

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Australia to hold consultation on Indo-Pacific Carbon Offset Scheme guidelines in 2023

Published 08:20 on November 29, 2022  /  Last updated at 08:23 on November 29, 2022  /  Australia, International, Other APAC, Paris Article 6, Voluntary  /  No Comments

The Australian government plans to launch a consultation on the draft programme guidelines for its Indo-Pacific Carbon Offset Scheme (IPCOS) next year, as some market participants are lamenting its go-slow approach to the policy’s development.

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