South Korea to design system for recognising voluntary biodiversity contributions
The South Korean government is developing a framework for recognising voluntary private-sector contributions to biodiversity conservation, as it signed a public-private partnership deal with a tech firm on Tuesday.
Read MoreSK Markets: May auction oversubscribed, trading activity expected to pick up in coming months
South Korea’s latest monthly CO2 permit auction was oversubscribed, with analysts expecting trading activity to pick up in the coming months as clarity on market fundamentals improves.
Read MoreBanks’ finance of LNG carrier newbuilds undercuts their own climate goals -report
Financing new-build LNG carriers that will have a 30-year lifespan and increase the consumption of natural gas is incompatible with banks’ net zero goals, a South Korean group said Wednesday.
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 MoreSouth Korea blue carbon target attainable with seaweed restoration efforts -study
South Korea’s 2050 target for blue carbon sequestration should be achievable, considering the country’s track record in seaweed restoration, according to a paper published this week.
Read MoreSouth Korea to launch low-carbon naphtha cracking project, eyes decarbonisation of petrochemicals industry
South Korea’s trade ministry has decided to support a low-carbon naphtha cracking project in South Jeolla province, as part of the country’s broader effort to decarbonise the domestic petrochemicals industry.
Read MoreGlobal ocean summit draws $9 bln in marine protection pledges
More than 60 countries and organisations announced new commitments to sustainable ocean action at the Our Ocean Conference (OOC) in South Korea this week, pledging a total of $9.1 billion.
Read MoreKorean power company to introduce clean brick production, develop Article 6 credits in Nepal
A subsidiary of Korea Electric Power Corporation (KEPCO) has participated in a carbon reduction project to drive down emissions from Nepal’s brick manufacturing sector and secure Paris-aligned carbon credits, it announced Wednesday.
Read MorePepsico shortlists 10 startups for its emissions reduction accelerator in the Asia Pacific
US food and beverage giant PepsiCo has announced 10 startup finalists for the third round of its Greenhouse Accelerator Program in the Asia Pacific, which aims at enhancing innovation across sustainable agriculture, circular economy, and climate action.
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