Canadian carbon offset financier sees project revaluation income boost but faces cash squeeze
A Toronto-headquartered voluntary carbon investor saw positive income in 2023 following a major revaluation of its only credit-issuing project to-date, but needs to raise more cash to fund planned operations for the next 12 months, it reported Tuesday.
Read MoreCommonwealth’s carbon tax law model aims to help countries price polluters
The Commonwealth of Nations is looking to help member countries implement a carbon tax based on a model law designed to make it easy to administer, ensure a just transition, and reduce the impact on low-income and vulnerable groups.
Read MoreUK remote sensing firm enters Japanese carbon market with local partner
A UK-based remote sending firm has partnered with a Japanese project developer with an eye to generating carbon units under the Joint Crediting Mechanism (JCM) and voluntary schemes, starting with a large rice project in Japan.
Read MoreJapanese developer to set up biochar project in the Philippines
A Japanese project developer has teamed up with a listed real estate company in the Philippines to promote a carbon removal project featuring rice husk biochar, as it seeks to continue expanding its presence in Asia’s voluntary market.
Read MorePakistan mulls taxing fossil fuels to limit demand, proposes carbon tax in upcoming federal budget
The federal government of Pakistan is considering imposing a carbon tax on fossil fuels to bring down their demand and is contemplating ways to include such a tax in its upcoming budget, officials have told a local media.
Read MoreTaiwanese trade group calls for local CBAM
One of the largest trade groups in Taiwan has urged the government to establish an emissions pricing framework for imported goods to prevent carbon leakage and sustain domestic companies’ business competitiveness amid the emergence of international carbon taxes.
Read MoreWatching the watchdogs: Voluntary carbon market consortium launches oversight body to police regulators, raters
A consortium of project developers, trading firms, and other stakeholders has announced the launch of a new watchdog organisation to police efforts by regulators and rating agencies, with the aim of bringing even more integrity and transparency to the voluntary carbon market (VCM).
Read MoreFEATURE: First deliverables from voluntary carbon market standards’ collaboration coming in Q3, but bigger challenges lay ahead
The first deliverables from a collaboration between some of the world’s largest voluntary carbon market (VCM) standards are expected to arrive in Q3 this year, and “more complicated pieces” to come in 2025, but the alliance faces larger challenges – some existential – on the road ahead.
Read MorePartnership to launch broad range of carbon projects in Malaysia
A Southeast Asian carbon consultancy has teamed up with a Malaysian university to drive the creation of a wide range of nature- and technology-based offset projects, with resulting credits to be made available on the domestic carbon exchange.
Read MoreHong Kong-based airline sets 2030 carbon intensity target, expands SAF use
A Hong Kong-headquartered airline has set a new carbon intensity target for 2030, with plans to expand the use of sustainable aviation fuel (SAF) to support its climate goals.
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