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Australia announces Pacific climate aid package but struggles to convince

Published 10:08 on August 13, 2019  /  Last updated at 10:08 on August 13, 2019  /  Asia Pacific, Australia, Other APAC  /  No Comments

Australia this week will detail a A$500 million ($338 mln) climate aid package for the Pacific, Prime Minister Scott Morrison announced Tuesday, although observers were left unconvinced as long as Australia does nothing to stem its own rising GHG emissions.

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CARBON FORWARD 2019 – Stick or twist: investors came to the EU ETS, but will they go?

Published 17:24 on August 12, 2019  /  Last updated at 21:47 on August 12, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Bavardage, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

**THIS IS A FREE ARTICLE** – The 4th annual Carbon Forward conference & training day features a dedicated stream focused on the EU carbon market from an investor perspective.

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Vietnam to introduce pilot carbon tax for power, cement production

Published 02:57 on August 9, 2019  /  Last updated at 09:33 on August 9, 2019  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

Vietnam is planning to launch a two-year pilot carbon tax for thermal power generation and cement production across four provinces as it steps up market-based efforts to stymie its rapidly rising greenhouse gas emissions.

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South Korean firms sign major CDM deal in Bangladesh

Published 01:44 on August 9, 2019  /  Last updated at 09:27 on August 9, 2019  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

Korea Midland Power and trading firm Ecoeye have signed a deal with subsidiaries of Bangadesh’s state-owned oil and gas firm PetroBangla to develop a CDM project that will generate some 1 million carbon credits annually for use in the South Korean emissions trading scheme.

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BRIEFING: World Bank REDD Deals

Published 22:59 on August 2, 2019  /  Last updated at 23:07 on August 2, 2019  /  Africa, Americas, Asia Pacific, Aviation, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Three African nations have now signed deforestation reduction agreements under the World Bank’s Forest Carbon Partnership Facility (FCPF) that could form the base of possible international emissions trade, with more deals expected to come later this year.

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Finland to overcompensate for EU presidency flight emissions

Published 14:50 on June 28, 2019  /  Last updated at 00:58 on June 29, 2019  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, Other APAC, South & Central, Voluntary Market  /  No Comments

Finland will buy 130,000 Gold Standard CERs from developer South Pole to overcompensate for flight emissions during its upcoming six-month term holding the rotating EU Presidency.

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Japan to co-fund seven new JCM projects for 3.8 mln carbon credits

Published 13:53 on June 27, 2019  /  Last updated at 13:53 on June 27, 2019  /  Americas, Asia Pacific, Japan, Mexico, Other APAC  /  No Comments

Japan’s environment ministry on Thursday announced it would co-fund seven projects that it expects could generate almost 4 million carbon credits under the Joint Crediting Mechanism (JCM) by 2030.

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BY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading

Published 14:08 on June 14, 2019  /  Last updated at 21:51 on June 14, 2019  /  Africa, Americas, Asia Pacific, Australia, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, South & Central, South Korea, Switzerland, Voluntary Market  /  No Comments

There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.

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India outlines options for small-scale industry carbon market

Published 08:55 on June 11, 2019  /  Last updated at 09:00 on June 11, 2019  /  Asia Pacific, Other APAC  /  No Comments

India has decided to proceed with a voluntary carbon market for its small-scale industrial sector and has outlined options for what the programme might look like, while pausing plans to include the waste sector.

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Korean firms eye Myanmar mangrove CDM project

Published 11:55 on June 10, 2019  /  Last updated at 14:34 on June 15, 2019  /  Asia Pacific, International, Kyoto Mechanisms, Other APAC, South Korea  /  No Comments

South Korean state-owned power company KEPCO and trading firm Ecoeye are investing in a mangrove forest project in Myanmar that will be registered under the CDM and generate offsets eligible in the Korean emissions trading scheme.

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