EU and China plan meeting to forge closer carbon market ties worldwide
The EU and China will convene a meeting of carbon market nations in the first half of 2018 with the aim of advancing work on linking emissions trading systems.
Read MoreEXCLUSIVE: Switzerland, Canadian provinces in high-level carbon market linking talks
Switzerland, Quebec and Ontario have opened high-level talks over linking their carbon markets, several well-placed sources told Carbon Pulse, in what could develop into a bridge between North America and Europe’s emissions trading schemes.
Read MoreIETA appoints first China representative, Korean board member
The International Emissions Trade Association (IETA) has appointed its first representative in China and a South Korean board member at its board meeting in Marrakech on Monday, in a move to expand its presence and promote its ties in Asia’s carbon markets.
Read MoreStudies for an East Asia carbon market get government blessing
Senior politicians from China, South Korea and Japan backed a research programme for a common emissions trading market spanning the three nations on Tuesday, but stressed that such a policy was not a near-term possibility.
Read MoreFewer than 1 in 10 permits allocated under China ETS expected to be traded in early years -official
China expects its national carbon market to attract annual trading volume of up to 500 million tonnes for its first three years, equivalent to less than 10% of the allowances likely to be freely allocated, a senior climate official said Thursday.
Read MoreChina’s ETS regions get toughest carbon targets under 5-year plan
China’s State Council has released a detailed five-year plan for dealing with climate change, imposing tougher carbon intensity targets on the pilot CO2 trading regions compared to the national average.
Read MoreChina issues 2.5 million offset credits, approves 23 new projects
China’s NDRC has issued 2.5 million carbon offset credits to 14 projects, with wind power dominating while almost no CDM-related projects were involved as developers increasingly shy away from activities likely to be barred from the national emissions trading scheme.
Read MoreChina researchers outline national ETS allocation plans for power sector
Government researchers on Tuesday for the first time outlined a draft CO2 allocation plan for the power sector under China’s national emissions trading scheme, indicating that utilities’ free allowance handouts will be reduced annually from the outset.
Read MoreTop think-tanks, industry groups urge tight China coal cap
China should put in place a tight 2020 coal consumption cap along with other measures such as a carbon tax to set itself on track to beat its Paris targets by five years, a consortium of leading think-tanks and industry groups said Tuesday.
Read MoreChina offset restrictions put squeeze on carbon developers
Chinese carbon project developers, recently recovered from the CDM crisis, are facing fresh headwind amid government moves to restrain offset supply in a bid to avoid price suppression for the already over-supplied domestic market.
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