Hong Kong raises $5.8Bn in its largest-ever green deal
Hong Kong sold the equivalent of US$5.8Bn in green bonds denominated in three currencies, with US$3Bn of US dollar bonds, a €1.25Bn euro two-tranche note, and a 10 billion offshore…
Japan introduces proposal for mandatory ESG disclosures
The enabling regulations of the Financial Instruments Exchange Act of Japan (FIEA) proposed the introduction of ESG-specific disclosures for public companies.
Taiwan central bank to incorporate climate change risks
Taiwan's central bank said it would begin incorporating climate change risks into its modelling and forecasts for inflation and economic growth.
Vietnam agrees $15.5Bn Just Energy Transition Partnership
The JETP will mobilise an initial $15.5Bn of public and private finance over the next 3 to 5 years, in a deal similar to the ones signed by South Africa…
Japan government funds research on seaweed, biochar
The New Energy and Industrial Technology Organisation is investing ¥15.9Bn ($116m) into the carbon sequestration potential boosting of various products.
South Korea to sell fewer carbon allowances in 2023
The government plans to cut the number of allowances sold by 20%, in an effort to reform the ETS amid oversupply.
China releases regulations draft for power market spot trading
The energy regulator lay out regulations for market-based electricity pricing, which will improve and strengthen the national emissions trading scheme (ETS).
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.
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.
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
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
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.
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.
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.
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.
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).
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.
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.
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.
Australia joins global pledge to cut methane emissions
The nation will aim to reduce its methane (CH4) emissions by 30% by 2030, and will do so by investing AU$3Bn in methane-reduction initiatives.
China Development Bank raises $1.7Bn in green bonds
The issuance worth approximately 12Bn Yuan ($1.7Bn) will fund infrastructure and urban transportation projects.
Singapore and Vietnam will collaborate on carbon credits
The two countries signed the first Memorandum of Understanding on carbon credits between two ASEAN countries.
Northern Territory to allow international offsets in new policy
The move would allow oil and gas companies in the Australian territory to purchase and retire international carbon credits to meet their emissions reduction targets.
New Zealand set to introduce world-first dairy methane tax
The scheme will hold farmers accountable for the GHG emissions of their livestock, including belched methane (CH4) and nitrous oxide (N2O)-rich urine.
Singapore and Thailand strenghten carbon credit cooperation
The two governments are collaborating on sourcing credit projects in line with the Article 6 guidelines, with the aim to have an agreement before COP28 in 2023.
Japan and Sri Lanka sign agreement on ‘joint crediting’
Sri Lanka becomes the 18th country to sign a Memorandum of Cooperation with Japan under Tokyo's Joint Crediting Mechanism.
Xi Jinping vows to prioritise environment, nature protection
In his opening address to the 20th Communist Party Congress, the quinquennial address to China's political elite, President Xi Jinping showed his support towards green lifestyles and the 'energy revolution'.
Taiwan’s proposed carbon tax to be set just under $10
The government proposed setting a carbon levy at NT$300 (US$9.51), below South Korea's but above Singapore's and Japan's carbon taxes says the Taipei Times.
AGL to close Australia’s most polluting coal plant by 2035
The new leadership at AGL has decided to close the Loy Yang A power station 10 years ahead of its planned 2045 closure.
Indonesia plans EV subsidies starting in 2023
The country aims to have 2.5 million EV users by 2025 to reduce air pollution and is currently evaluting its options for the subsidy mechanism.
Queensland commits to 80% renewables by 2035
A $62Bn energy plan confirms the Australian state's distanciation from coal in a move that follows Australian politics shift towards addressing the climate crisis.