South Korea national trust teams up with climate tech firm to develop nature-based credits
South Korea’s National Nature Trust (NNT) has teamed up with a climate tech company to work on the creation of technology-backed carbon credits by utilising its environmental assets.
Read MoreMajor securities firm becomes the first South Korean financial company to secure international credits
One of South Korea’s largest securities firms has obtained carbon credits from an international project, the first financial company to do so in the country, it announced Thursday.
Read MoreSK Market: Monthly KAU auction again oversubscribed, price likely to remain steady until compliance deadline
South Korea’s latest monthly CO2 permit auction was again oversubscribed, with analysts expecting permit prices to remain steady throughout the rest of the current compliance period.
Read MoreMalaysia in talks with neighbours to establish CCUS trading agreements
Malaysia is discussing bilateral agreements with countries in the region to establish itself as a carbon capture, utilisation, and storage (CCUS) hub, while creating rules, regulations, and incentives to attract project developers, an official told a conference Wednesday.
Read MoreKorean project developer secures purchase agreement for ITMOs from Africa
A South Korean project developer has secured a contract to purchase internationally transferred mitigation outcomes (ITMOs) under the Paris Agreement from an African country, as it seeks to expand its business in the emerging Article 6 market.
Read MoreCCS value chain hopefuls list litany of challenges to overcome
Industrial and oil and gas heavyweights have highlighted the long list of challenges that need to be figured out if their aspirations of establishing CCS value chains in Asia are to become a reality.
Read MoreBRIEFING: Japan using glut of gas to spread influence in Southeast Asia at expense of climate, critics say
Japan is using its excess volumes of LNG to shape, and in many ways slow down, the energy transition in Southeast Asia, by financing gas infrastructure abroad and promoting transboundary CO2 markets as a decarbonisation solution that critics say is yet-to-be-proven and unrealistic.
Read MoreKorean power supplier secures government-backed Article 6 biofuel conversion project in Uzbekistan
A South Korean power company has secured a government-backed international carbon project in Uzbekistan, as part of Seoul’s efforts to obtain Paris-aligned carbon credits through expanding partnerships in Central Asia.
Read MoreSouth Korea, Vietnam establish joint committee on climate change cooperation
South Korea and Vietnam have established a joint committee to foster collaboration on climate change as they move to deepen their relationship on issues such as compliance carbon markets and projects generating credits under Article 6 of the Paris Agreement.
Read MoreKorean securities firm secures Paris-aligned water purification project in Ghana
A South Korean securities firm is aiming to expand its carbon finance business through participation in a government-backed international greenhouse gas reduction project, which can generate Paris-aligned carbon credits.
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