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South Korea-based Lowcarbon has launched the innovative carbon offset credit platform “Capcotwo” during the “VCM (Voluntary Carbon Market) Business Briefing” held on March 6, 2025. The event was attended by over 300 experts and stakeholders, showcasing the platform’s ability to trade carbon offset credits based on their proprietary Direct Air Capture (DAC) technology. The platform is set to officially launch online on March 17, 2025, and aims to provide a one-stop solution combining climate technology innovation and finance.

BNP Paribas, a global player in financing the energy transition, has established the Low Carbon Transition Group to help clients transition to a low-carbon economy. The bank supported major renewable energy projects including the Moray West offshore wind farm in Scotland, which has an installed capacity of 882 MW. It also financed the SunZia project in the U.S., providing $11 billion for a wind farm and transmission line expected to serve 3 million people. The bank aims to commit €40 billion by 2030 to renewable energy projects, demonstrating its substantial support for energy transition initiatives.

Philippines-based DMCI Mining Corporation and Nickel Asia Corporation signed a Memorandum of Understanding on March 4, 2025, to assess the feasibility of a nickel processing plant. This collaboration aims to enhance the country’s nickel processing capabilities, create jobs, and promote sustainable mineral resource management. Over the next 2-3 years, they will explore suitable technology and secure a steady supply of nickel ore. Their efforts come amidst global oversupply concerns but are driven by the rising demand in electric vehicle and stainless-steel markets.

Japan’s Cabinet has approved an amendment to a law promoting the use of marine areas for the establishment of marine renewable energy power generation facilities. This move aims to position offshore wind power as a key energy source in achieving carbon neutrality by 2050, with goals of forming projects by 2030 for 10 million kW and up to 45 million kW by 2040. The law introduces a system for the economic minister to designate areas for installation and collaborate with stakeholders for approvals, while also considering marine environment protection.