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Asia Pacific
November 29, 2024
Startup Captura's ocean carbon capture technology aims to slash costs
The development of carbon capture technology has been slow, partly due to high costs. However, the American startup Captura is developing ocean carbon capture technology that promises to halve these costs.
November 25, 2024COP29: Four key highlights from the UN climate summit in Baku
After intense debates, an agreement to increase climate financing was reached, though many countries remain dissatisfied with the outcome. In addition to the financing agreement, what other key developments took place at this year's summit?
November 21, 2024NCQG draft sparks outrage as COP29 fails to bridge finance divide
COP29 released a draft climate finance proposal on Nov. 21, but key details regarding the scale, sources, and mechanisms of the funding remain unclear. This leaves member countries with the challenge of reaching a consensus in the coming days.
November 21, 2024CBAM may be revised to ease EU exporters' pain
The EU's CBAM, designed to address carbon leakage, has unintentionally hurt domestic exporters as well. EU officials recently indicated that they would assist exporters in coping with the impact.
November 18, 2024COP29: Baku summit makes early breakthrough on global carbon market standards
On the opening day of the United Nations Climate Summit (COP29), a major breakthrough was achieved in global carbon market negotiations. Member countries endorse a United Nations-backed carbon credit trading mechanism.
November 13, 2024Fossil fuel carbon emissions hit record levels in 2024, report says
The latest Global Carbon Budget report forecasts that both fossil fuel-related carbon emissions and total global carbon emissions will hit historic highs this year, with further increases expected.
November 08, 2024Developers urge 2025 FiT inclusion as Taiwan's floating offshore wind plans face delays
The Ministry of Economic Affairs had initially planned to release a draft for its floating offshore wind farm demonstration program by year's end. However, the timeline may face further delays as discussions over incentive mechanisms continue internally.
October 30, 2024Japan projects CCS costs to be lower than carbon prices by 2040
Japan is set to incorporate Carbon Capture and Storage (CCS) into its national energy development framework, aiming for commercial operation by 2030.
October 25, 2024The challenges of carbon neutrality labelling in China
Product claims regarding carbon neutrality based on offsets are controversial, but better accounting of carbon footprints is on the way.
October 24, 2024Can incinerators solve Vietnam’s waste crisis?
As landfills struggle to cope, Vietnam is turning to waste-to-energy plants as a potential solution – but could they introduce new challenges?