CCUS in India has key net zero role but needs incentives, govt think-tank says
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.
Read MoreANALYSIS: Taiwan’s proposed climate bill vague on carbon price, access to voluntary market
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.
Read MoreIndonesian carbon tech firm raises $4.5 mln for expansion purposes
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.
Read MoreMalaysia’s Sarawak to begin first forest carbon project under new regulations in Q1 2023
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.
Read MoreTaiwan should prioritise biomass carbon sinks to reach net zero -report
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.
Read MoreUN publishes 2018-20 data for GHG emissions savings from forestry in Indonesia
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.
Read MoreReport urges palm oil industry to make up for nearly 1 mln hectares of forest loss
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.
Read MoreAustralian firms to pilot nature-based solutions in Vietnam
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.
Read MoreJapan govt outlines comprehensive carbon market plan, plans Asia-wide push
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.
Read MoreAustralia to hold consultation on Indo-Pacific Carbon Offset Scheme guidelines in 2023
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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