East Asia & Pacific

China surprises with draft methane plan, follows US and Europe

China has drafted a plan to reduce methane emissions and the US has pledged to help, but the biggest emitters —coal mines and livestock—have yet to be addressed.

150 150 Trove Intelligence

China issues emissions plan for non-ferrous metals industry

China laid out a plan to decarbonize the non-ferrous metals industry, reiterating the energy-intensive sector’s need to not exceed peak carbon emissions by 2030.

150 150 Trove Intelligence

Japan postpones carbon tax as energy prices soar

Japan will put the introduction of a carbon emissions surcharge on hold, abandoning plans to include it in fiscal 2023 tax reform due to soaring energy costs

150 150 Trove Intelligence

Chinese construction material emissions to peak by 2030

Four central government agencies announced the 2030 peaking date in a carbon-peaking plan specific to the construction materials industry

150 150 Trove Intelligence

China to strengthen emissions standards and measurements

Beijing aims to establish a standards and measurement system for cutting GHG emissions, a lack of which was widely blamed for the country’s carbon market woes.

150 150 Trove Intelligence

Indonesia seeks funding for 2030 FoLU net sink

The government has set a 2030 target for the Forestry and Land Use (FoLU) sector to become carbon positive, and is developing several budgeting strategies.

150 150 Trove Intelligence

Singapore confirms 2050 net-zero target

The country is now aiming for an earlier, pre-2030 emissions peak, and has announced a 2045 net-zero target for the public sector.

150 150 Trove Intelligence

Xpansiv granted license to trade ACCUs from Q1 2023

Xpansiv's spot exchange CBL was granted a market-making Australian financial services licence to facilitate trades of Australian Carbon Credit Units (ACCUs).

150 150 Trove Intelligence

Hong Kong bourse operator launches carbon trading exchange

Hong Kong Exchanges and Clearing (HKEX) has launched Core Climate, a trading platform for voluntary carbon credits.

150 150 Trove Intelligence

Philippine Airlines to reach net-zero by 2050

The country's flagship airline has announced the long-term goal, but has yet to develop a credible net-zero strategy with science-based targets.

150 150 Trove Intelligence

Indonesian state-owned firms to transition to EVs by 2025

The three-year deadline aims to drive the country's 2060 net-zero target, with transportation being the country's second-most emitting sector.

150 150 Trove Intelligence

Singapore and Australia sign ‘Green Economy Agreement’

The new agreement will help the countries collaborate on a vast number of issues including trade, transition finance, carbon credits and standards.

150 150 Trove Intelligence
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