South Korea to prepare infrastructure for consignment emissions trading
South Korea’s environment ministry is teaming up with the country’s major stock exchange to establish a consignment transaction system for the domestic emissions market.
Read MoreKorean tech firm, Japanese exchange operator partner to accelerate Asian voluntary carbon market
The tech arm of a South Korean conglomerate has partnered with a Japanese carbon exchange operator to drive expansion of voluntary carbon trading across Asia, they announced Tuesday.
Read MoreSouth Korea secures Article 6 partnerships with Cambodia and Bangladesh, holds talks with several others
South Korea’s trade ministry will this week sign Article 6 partnership with Cambodia and Bangladesh during discussions with representatives from seven countries for further cooperation in establishing international emissions reduction projects aligned with the Paris Agreement.
Read MoreSouth Korea to deepen Paris partnership with Vietnam
South Korea and Vietnam have decided to strengthen their cooperation on climate change, with the development of pilot Article 6 projects at the top of the agenda.
Read MoreSouth Korea releases national biogas development strategy
South Korea has rolled out a national strategy for the development of the biogas sector, a move it says can help cut millions tonnes of CO2e emissions over the coming years.
Read MoreSouth Korea to launch CCU ‘mega project’ to assist industrial decarbonisation drive
South Korea plans to roll out carbon capture and utilisation (CCU) technology across industrial facilities in what the government has dubbed a “mega project”, designed to help decarbonise country’s biggest-emitting industries and reach its greenhouse gas emissions reduction goals.
Read MoreCDP climate disclosures rising, but full transparency still a challenge
A quarter of companies disclosed climate transition plans in line with a 1.5C limit in 2023, up by 44% compared to the previous year, climate disclosure non-profit CDP announced Wednesday.
Read MoreANALYSIS: 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.
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