News - Asia Pacific

Japan calls for joint leadership with US on climate change

Japan calls for joint leadership with US on climate change

Japanese Foreign Minister Hirofumi Nakasone on Monday stressed the need for his country and the United States to exercise leadership in tackling climate change, which he described as “one of the most significant issues of the 21st century.”

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New Zealand opens 2009-2010 Sustainable Management Fund

New Zealand opens 2009-2010 Sustainable Management Fund

New Zealand today opened for applications for funding of climate change and environmental projects in 2009-2010 under its Sustainable Management Fund.

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New Zealand ups Kyoto cost expectations by 17.1%

New Zealand ups Kyoto cost expectations by 17.1%

The New Zealand Treasury today pegged the country’s Kyoto protocol liability at NZ$562 million ($366.9 million), up 17.1 per cent from its previous estimate in May.

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Asian CER markets: Japanese CERs plummet as yen soars

Asian CER markets: Japanese CERs plummet as yen soars

UN-backed carbon credits listed on the Nikkei-JBIC index fell 8.5 per cent over the past week, as the yen rose against the euro to its highest level in two-and-a-half years.

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Japan’s Toshiba sets 37% GHG emission reduction target

Japan’s Toshiba sets 37% GHG emission reduction target

Japanese electronics giant Toshiba Corp. has set a target to cut its greenhouse gas (GHG) emissions by 37 per cent, or about 2.4 million tonnes carbon dioxide (CO2) equivalent, by fiscal 2025 from the fiscal 1990 level.

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Australia eyes national strategy for energy efficiency in 2009

Australia eyes national strategy for energy efficiency in 2009

The Council of Australian Governments (Coag) announced today it will develop a national strategy for energy efficiency to help prepare companies and individuals for the country’s Carbon Pollution Reduction Scheme.

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Vietnam boosts CDM portfolio to 56 projects

Vietnam boosts CDM portfolio to 56 projects

Vietnam has approved a total 56 projects under the clean development mechanism (CDM) that can generate a total of 4.53 million UN-regulated carbon credits annually, a government website showed on Thursday.

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Japan, Poland agree on post-Kyoto ‘differentiation’ of developing nations

Japan and Poland have agreed on the need to differentiate between small developing countries and large emerging economies, such as China and India, when discussing different countries' commitments to cut emissions in a new global climate framework to take effect from 2013.

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Price range for primary CERs narrows

Price range for primary CERs narrows

The price range for primary CERs appears to be narrowing, according to market participants, as funds attempt to get more credits onto their books against the backdrop of expected tighter supply.

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China calls on rich countries to slash GHG emissions up to 95%

China calls on rich countries to slash GHG emissions up to 95%

China, a leading emitter of greenhouse gas emissions, called on developed countries to reduce emissions by as much as 95 per cent below 1990 levels by 2050, as part of a new global climate agreement, according to an official document posted on the UN climate secretariat’s website today.

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Japan approves 14 new CDM projects

Japan approves 14 new CDM projects

Japan has approved a total of 14 emission reduction projects in five developing countries, taking the total number of projects approved by the world’s second biggest economy to 378, the Ministry of Economy, Trade and Industry (Meti) announced.

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Japan submits post-Kyoto package to UN

Japan submits post-Kyoto package to UN

Japan yesterday called on major developing nations such as China and India to take on binding numerical targets to enhance energy efficiency in any new global climate agreement to take effect from 2013.

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Fortum to receive 1.5m ERUs from Russian JI projects

Fortum to receive 1.5m ERUs from Russian JI projects

Finnish energy company Fortum will receive some 1.5 million emission reduction units (ERUs) worth around €30 million ($43.1 million) from joint implementation projects with the Russian Territorial Generating Company No.10 (TGC-10), Fortum announced today.

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Australia should push for tough global climate plan: advisor

Australia should push for tough global climate plan: advisor

Australia should throw its full weight behind securing an effective international climate change agreement from 2013, the government’s top climate advisor said Tuesday.

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Asian CER markets: Carbon edges down

Asian CER markets: Carbon edges down

The price of UN-regulated carbon credits softened in the Japanese and Indian markets last week, tracking the EU market down in the wake of financial instability.

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Point Carbon EUA OTC assessment (EUR/t)

06 Oct 08
DEC 2008
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