EU timeframe for approval of applications to import CBAM goods is too long, industry groups say
The EU is proposing too long a timeframe for the approval of applications from companies looking to import goods subject to the Carbon Border Adjustment Mechanism (CBAM), according to feedback from industry associations and governments.
Read MoreSouth Korea, Malaysia to work together on international emissions reduction projects
South Korea and Malaysia have teamed up to cooperate on GHG emissions initiatives, initially targeting a landfill project based in Terengganu state.
Read MoreCOP29: India “in talks” with Singapore, South Korea for ITMO deals -sources
India is in talks with the governments of South Korea and Singapore to sign agreements on a framework for the transaction of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, sources have told Carbon Pulse on the sidelines of COP29 in Baku.
Read MoreSouth Korea proposes energy system roadmap, highlights use of nuclear and renewables
South Korea has proposed a ten-year roadmap for the creation of a carbon-free energy ecosystem, which the government said can bring an economic effect worth 59 trillion won ($42 billion).
Read MoreAsia-focused carbon standards team up to promote voluntary carbon market
Two carbon standard operators have teamed up to promote the development of the Asian voluntary market.
Read MoreSouth Korean project developer gears up for expansion in Africa, Central Asia
A carbon offset project developer from South Korea has secured international partnerships for its expansion into Africa and Central Asia, as it seeks to diversify its project portfolio and seize opportunities in international carbon markets.
Read MoreCLARIFICATION – COP29: Madagascar uses cookstove project to test int’l carbon market legislation, a model which could be replicated, developer says
A voluntary cookstove project in Madagascar is working closely with the national government to act as a test case for its soon-to-be finalised carbon market legislation, which the developer says it is a model they would like to apply to other jurisdictions looking to participate in international crediting markets.
Read MoreCOP29: South Korea seeks Article 6 opportunities in blue carbon, forestry projects
South Korea is seeking to expand international partnerships on blue carbon and forestry projects, as part of its efforts to secure credits aligned with Article 6 of the Paris Agreement.
Read MoreSK Market: November auction again oversubscribed, spot KAU price increases
South Korea’s latest monthly CO2 permit auction was again oversubscribed with an increase in the clearing price, while sentiment in the spot market continues to improve partly due to the relaxation of the carryover rules.
Read MoreCOP29: Major fossil fuel-producing countries commit funding, announce penalties to crack down on methane emissions
South Korea and the UK announced multimillion dollar funding commitments to support international efforts to reduce methane emissions, while the US launched a fine of over $1,000/tonne on excess production of the greenhouse gas from the fossil fuel sector on Tuesday.
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