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China’s NDRC fends off calls to share ETS oversight, build in east-west split

Published 11:21 on March 28, 2017  /  Last updated at 11:21 on March 28, 2017  /  China, China's National ETS  /  No Comments

The National Development and Reform Commission has dismissed proposals from a host of other ministries to jointly regulate the national emissions trading scheme while also nixing calls to reduce the responsibilities China’s poorer provinces will face under the programme.

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Guangdong auction settles above secondary market

Published 11:05 on March 27, 2017  /  Last updated at 12:18 on March 27, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Guangdong’s third CO2 permit auction for the 2016 compliance year held Monday was oversubscribed by 50% and cleared above secondary market prices, according to an announcement from the China Emissions Exchange in Guangzhou.

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China, New Zealand to strengthen cooperation on carbon markets, seek links

Published 09:18 on March 27, 2017  /  Last updated at 13:19 on March 27, 2017  /  Asia Pacific, China, China's National ETS, New Zealand  /  No Comments

China and New Zealand on Monday signed a joint climate action plan that includes cooperating closely on carbon markets, a move that could eventually lead to linking of Asia-Pacific emissions trading schemes.

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China’s national ETS may start without access to offsets -sources

Published 10:38 on March 23, 2017  /  Last updated at 17:38 on March 23, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China could rule out the use of offsets when it launches its national emissions trading scheme later this year in a bid to bolster demand for allowances, according to sources familiar with the situation, a move that would also cut off potential funding for thousands of domestic carbon-cutting projects.

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China’s most polluted province sets CO2 target but emissions set to rise

Published 12:51 on March 22, 2017  /  Last updated at 12:51 on March 22, 2017  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China’s Hebei province has pledged to cut its carbon intensity by a fifth and lean on neighbouring Beijing in building a carbon market, but absolute emission levels are set to increase as industrial output is capped at levels above current production.

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IBM partners with blockchain venture to target Chinese carbon market

Published 09:42 on March 20, 2017  /  Last updated at 12:50 on March 20, 2017  /  China, China's National ETS, China's Offset Market  /  No Comments

US technology company IBM and the China-based Energy-Blockchain Lab on Monday announced they had developed a carbon asset management platform for China, hoping to get a foothold in the country’s CO2 trading market when the national ETS launches later this year.

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In blow to developers, China confirms freeze to carbon offset pipeline

Published 13:08 on March 17, 2017  /  Last updated at 13:08 on March 17, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China has halted the processing of its offset pipeline, regulators said this week, confirming what many developers had suspected while addressing the uncertainty that has both plagued the market over the past few months and created a bottleneck of hundreds of carbon-cutting projects.

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China accredits two more carbon credit verifiers

Published 15:51 on March 16, 2017  /  Last updated at 15:51 on March 16, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China has awarded accreditation to two more verifiers of carbon-cutting projects, market regulators said Thursday, in a bid to further enhance the quality of Chinese offsets generated from domestic initiatives.

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China aims for single CO2 trade system to ensure equal price

Published 09:57 on March 15, 2017  /  Last updated at 03:03 on March 16, 2017  /  China, China's National ETS  /  No Comments

The National Development and Reform Commission has asked the exchanges operating China’s pilot carbon markets to submit proposals for setting up a unified emissions trading system across China that would ensure the national CO2 price is the same regardless of which platform permits trade on.

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China ETS to cover 100k companies after 2020, ex-oil boss says

Published 08:45 on March 13, 2017  /  Last updated at 10:33 on March 13, 2017  /  China, China's National ETS  /  No Comments

China’s plan to expand its national emissions trading scheme will bring some 100,000 firms into the market while smaller emitters will pay a carbon tax, according to Zhou Jiping, former chairman of the China National Petroleum Corporation and member of a parliamentary advisory body.

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