ANALYSIS: Australian NGOs urge govt to form clean energy partnerships with fossil fuel trading partners, but real-world challenges abound
NGOs this week have said Australia should find ways to establish partnerships with its fossil fuel trading partners to build regional cooperation towards reducing greenhouse gas emissions, but while it has potential, experts have raised a litany of challenges that could stifle such ambitions.
Read MoreKorean investors still cautious on the voluntary carbon market amid insufficient policy guidance
Investors in South Korea remain cautious about making a foray into the international voluntary carbon market, given the absence of government guidance and slow trades of domestic emissions permits, an event heard this week.
Read MoreSouth Korea, Kazakhstan sign Article 6 deal
South Korea and Kazakhstan have decided to work together on setting up projects for carbon credit generation under Article 6 of the Paris Agreement.
Read MoreSK Market: Monthly KAU auction sells out, though price remains low amid dim demand
South Korea’s monthly CO2 permit auction on Wednesday was again oversubscribed, though the price outlook may remain bleak in the near term due to persistent low demand in the national carbon market.
Read MoreSouth Korea, Indonesia sign Article 6 deal
South Korea and Indonesia have signed a Memorandum of Understanding (MoU) on the implementation of projects under Article 6 of the Paris Agreement.
Read MoreNovel hydrogen and graphite developer partners with South Korean steel giant in emissions-cutting plan
Western Australia-based hydrogen and graphite start up Hazer on Friday announced it has signed a Memorandum of Understanding with South Korean steelmaking giant Posco to collaborate on green steel development.
Read MoreSouth Korea should consider additional carbon trading scheme for regions, researchers say
South Korea should consider more policy arrangements for domestic cities to utilise carbon market mechanisms, such as the creation of a regional carbon trading framework, to drive down emissions from the urban sector, researchers have suggested.
Read MoreCarbon pricing proves its worth in reducing emissions, global meta-study shows
Carbon pricing schemes, such as taxes and cap-and-trade systems, are significantly reducing global greenhouse gas emissions, a new meta-study has found, though the results vary widely depending on the policy’s design and implementation.
Read MoreCambodia launches APAC-focused initiative to promote carbon policy collaboration
Cambodia’s environment ministry has teamed up with a Korean non-profit to launch an APAC-focused initiative, in a bid to encourage collaboration on emissions rights across the region.
Read MoreIndonesia expands CCS plans with US, Korean oil giants
Indonesia is expanding its carbon capture and storage (CCS) plans after its state oil company signed an agreement with US oil giant ExxonMobil and South Korea’s KNOC, while the former two also signed another agreement to develop a CCS ‘hub’ in the Sunda and Asri basins.
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