Think tank rates Singapore’s carbon tax as far off meeting Paris Agreement
Singapore’s compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.
Read MoreAustralia a ‘hotspot’ for SAF feedstock, but will struggle to keep it onshore, senate committee hears
Australia will struggle to keep sustainable aviation fuel (SAF) it produces onshore without government procurement or mandates, a senate committee on the Future Made in Australia legislation heard Thursday.
Read MoreSouth Korea sets up special fund to encourage green tech exports, overseas cooperation
South Korea is planning to set up a special fund worth 400 billion won ($300 mln) to encourage public and private investment in overseas projects promoting green transition and carbon reduction.
Read MoreHeavyFinance partners with Lithuanian agribusiness on carbon farming
Climate tech investor HeavyFinance has partnered with an agribusiness firm to turn 300,000 hectares of agricultural land in Lithuania to regenerative farming practices, according to a press release.
Read MorePlantation carbon developer charts course on ACCU projects, pays special dividend on back of success
An Australian wood chip processor and woodfibre exporter turned carbon developer outlined its market plans Thursday, suggesting strong rewards from a tightening compliance market and large upside to its particular Australian Carbon Credit Units (ACCUs).
Read MoreBlockchain firm teams up with US-based registration platform to offer tokenised carbon credits
A US-based blockchain company has partnered with a registration platform to list tokenised credits on a digital library with the aim of bringing about a more efficient and transparent way to trade assets, the company announced.
Read MoreAustralia Market Roundup: Regulator issues around 650,000 ACCUs, ASX ACCU futures quiet
The Clean Energy Regulator (CER) has issued just under 650,000 Australian Carbon Credit Units (ACCUs) in its latest update, as the Australian side of the ASX futures contract for carbon credits remains largely nascent, one month since it was launched.
Read MoreAmericans favour carrot vs stick approach to achieving emissions reduction goals -report
A US non-profit found Americans preferred an incentive-based approach to emissions policy options compared to penalties for failure to meet targets, although there was less support for certain abatement policies in 2024 than four years ago.
Read MoreARB offset issuance continues to fall short of 2023 levels despite picking up pace
California regulator ARB continued to ramp up its compliance-eligible offset issuances over the latest two-week period but continues to trail 2023 levels year-to-date, data published Wednesday showed.
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