South Korea to seek acceptance of credits in EU CBAM
The country will negotiate so that emissions reductions made under its ETS scheme are recognised by the EU's Carbon Border Adjustment Mechanism.
JPX commences carbon credit market demonstration
Japan Exchange Group, Inc. (JPX) announced that it has started trial trading of carbon credits on Tokyo Stock Exchange as part of the METI's "Technical Demonstration Project for Carbon Credit…
Vanuatu backs fossil fuel non-proliferation treaty
Vanuatu has called on countries at the UN general assembly to sign up to a fossil fuel non-proliferation treaty, ending all new coal, oil and gas projects
South Australia set to run on 100% renewables
South Australia is poised to become the first grid of its size to operate without synchronous generation within the next few years.
China sets out to include coalbed methane in VCM
The European Commission has approved, under EU State aid rules, a Romanian scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU-ETS.
Liaoning province plans $121b clean energy overhaul
A north-eastern province that was once one of China's major coal and industrial hubs has launched a 600 billion yuan (S$121 billion) plan to expand clean energy production by additional…
Japan plans floor and ceiling price for GX League scheme
Japan has released more details of its planned GX League voluntary carbon scheme
Australia targets 43% emissions cuts by 2030
Australia’s parliament enshrined in law the government’s target of reducing greenhouse gas emissions by 43% below 2005 levels by the end of the decade.
Samsung Display sets out 2050 net-zero target
The display subsidiary of the Korean conglomerate has also just released its sustainability report and joined RE100 to achieve 100% renewable electricity.
Ganfeng Lithium to build $4.2Bn worth of projects in Yichun
Ganfeng will build a battery plant with an annual capacity of 30 GWh and a facility with a capacity of 50,000 tons of battery-grade lithium salts.
Australia’s NSW announces blue carbon plan
The government of the Australian state of New South Wales (NSW) announced a five-year "blue carbon" strategy to restore the state's marine ecosystems, which includes participation in the blue carbon…
South32 will not proceed with ~US$700m coal investment
South32 will not proceed with an investment in the Dendrobium Next Domain (DND) project at the Illawarra Metallurgical Coal complex in Australia.
Sinopec completes China’s first megaton scale CCUS project
Sinopec has completed the construction of China's first megaton carbon capture, utilization and storage (CCUS) project, the Qilu-Shengli Oilfield CCUS.
Independent review of ACCUs: submissions open
The Review Panel began seeking feedback on the integrity of ACCUs and the broader impacts of activities incentivised under the ACCU scheme framework.
Japan readies credit insurance for African decarbonisation
Japan is expected to pledge $30 billion in African development aid at the Tokyo International Conference on African Development (TICAD) in Tunis.
China suspends climate talks with US
The climate budget will be taken out of the federal budget between 2023 and 2026, with €56Bn earmarked for building renovations.