Korean city to build first commercial-scale green methanol plant in the country

Published 10:49 on September 4, 2024  /  Last updated at 10:49 on September 4, 2024  / /  Asia Pacific, Shipping, South Korea

A group of Korean companies have teamed up to develop a green methanol project that can turn a city known for abandoned coal mines into a new clean energy hub.

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First biochar project to launch on voluntary carbon registry’s new North American protocol  

Published 10:17 on September 4, 2024  /  Last updated at 10:17 on September 4, 2024  / /  Americas, Canada, US, Voluntary

A carbon removals developer has partnered with a digital monitoring, reporting, and verification (digital MRV) provider to implement the first project using a US-based standard’s recently released biochar protocol.

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ID Market: Trade drops after July spike

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, Other APAC

Trade on Indonesia’s carbon exchange dropped in August over July with only 176 tonnes of CO2e traded compared to the prior month’s 4,801.

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NZ govt commissioned report calls for national blue carbon strategy

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, International, New Zealand, Paris Article 6, Voluntary

A study looking at the barriers and opportunities for coastal blue carbon projects in New Zealand has called on the government to create a national strategy for the sector, as well as foster an environment where voluntary carbon markets can operate.

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Work on Vietnam’s first flue gas CCS project announced

Published 09:01 on September 4, 2024  /  Last updated at 09:01 on September 4, 2024  / /  Asia Pacific, Other APAC

An engineering company is looking to develop Vietnam’s first carbon capture storage and utilisation (CCUS) project for the country’s coal-fired power plants.

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Korean securities firm secures partnership for international mitigation projects

Published 08:15 on September 4, 2024  /  Last updated at 08:15 on September 4, 2024  / /  Africa, Asia Pacific, EMEA, South Korea, Voluntary

One of the largest securities firms in South Korea has decided to pursue international emissions reduction projects through a newly established partnership, it announced Wednesday.

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US business group gives advice to EU on CCUS, hydrogen deployment

Published 07:00 on September 4, 2024  /  Last updated at 01:02 on September 2, 2024  / /  Americas, EMEA, EU ETS

Carbon capture, utilisation, and storage (CCUS) and hydrogen technologies have a critical role to play in achieving the EU’s decarbonisation targets, particularly for hard-to-abate sectors, said the American Chamber of Commerce to the European Union in recommendations to the bloc’s policymakers on how to accelerate deployment.

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CP Daily: Tuesday, September 3, 2024

Published 05:21 on September 4, 2024  /  Last updated at 05:21 on September 4, 2024  /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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PREVIEW: Washington’s Q3 auction forecasts clouded by programme uncertainty

Published 05:03 on September 4, 2024  /  Last updated at 05:03 on September 4, 2024  / /  Americas, US

Market participants maintained modest expectations for the upcoming Washington Carbon Allowance (WCA) auction on Wednesday in light of ongoing anxiety surrounding the fate of the state’s cap-and-trade scheme.

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PREVIEW: Traders expect discounted RGGI Q3 auction clear, compliance participation key

Published 03:52 on September 4, 2024  /  Last updated at 03:52 on September 4, 2024  / /  Americas, US

Traders favour the Q3 RGGI permit sale to clear at a discount to secondary market prices, with compliance demand a key factor determining the settlement.

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