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China hands over carbon offset registry management to Beijing exchange -sources

Published 08:39 on January 19, 2018  /  Last updated at 12:20 on January 19, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China has handed over the responsibility of running the nation’s offset registry to the Beijing Environment Exchange, but has yet to give final approval for reopening issuance of new carbon credits, according to several sources familiar with the matter.

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Global CO2 trading volume up 5% in 2017, value up 22% as major markets extend rules -analysts

Published 15:03 on January 18, 2018  /  Last updated at 08:26 on January 19, 2018  /  Americas, Asia Pacific, Aviation, Canada, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Zealand, South Korea, US  /  No Comments

Global traded carbon volumes rose 5% in 2017 to 6.3 billion tonnes of CO2e while the overall value of the markets climbed 22% to €41 billion ($33.5 billion), the Point Carbon analysts at Thomson Reuters said in a market review published Thursday.

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China’s Hubei expands ETS coverage while keeping CO2 cap flat

Published 11:09 on January 16, 2018  /  Last updated at 18:54 on January 16, 2018  /  China, China's National ETS, China's Pilot Markets  /  No Comments

The government of China’s Hubei province has released the 2017 allocation plan for its pilot emissions trading scheme, showing a small 1.6% increase in allowances despite bringing in around 40% more emitters, though observers doubt it will be sufficient to absorb the market’s permit glut.

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Guangdong carbon exchange launches renewables financing platform

Published 10:27 on January 9, 2018  /  Last updated at 00:41 on January 10, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

The China Carbon Emissions Exchange in Guangzhou on Tuesday launched a new platform offering financing and rating services for renewable projects, saying it plans to establish a fund company to catalyse clean investment partially leveraged by a 20 billion yuan ($3 billion) government fund.

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China asks foreign firms to set up supervised accounts to trade Chinese carbon

Published 10:46 on January 5, 2018  /  Last updated at 20:23 on January 5, 2018  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China’s central bank on Friday asked foreign firms looking to trade carbon allowances in China to set up so-called non-resident bank accounts (NRAs) in order to trade yuan-denominated CO2 permits.

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China coal company profits at risk from ETS, but not yet -Moody’s

Published 10:41 on December 21, 2017  /  Last updated at 23:32 on December 21, 2017  /  China, China's National ETS  /  No Comments

The profitability of Chinese emissions-intensive coal companies, including some major state-owned ones, are at risk from the government plan to launch a cap-and-trade programme, though the impact will be felt in the longer-term, credit rating agency Moody’s said Thursday.

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Real trading in China ETS unlikely before 2020, government plan shows

Published 13:25 on December 20, 2017  /  Last updated at 13:33 on December 20, 2017  /  China, China's National ETS  /  No Comments

Actual allowance trading between power generators in China’s national emissions trading scheme is unlikely to start before 2020, while other sectors could be brought into the market even later than that, according to the government’s scheme design plan published Wednesday.

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Long-awaited China ETS announcement leaves major questions unanswered

Published 09:54 on December 19, 2017  /  Last updated at 21:46 on December 19, 2017  /  China, China's National ETS  /  No Comments

China on Tuesday formally announced the launch of its national emissions trading scheme, which will start with just the power sector, but it left out major details such as when the market would actually begin operating and how exactly it would work.

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China, Japan, Korea carbon market links resurface as talks set for next week

Published 10:50 on December 15, 2017  /  Last updated at 01:52 on December 16, 2017  /  Asia Pacific, China, China's National ETS, Japan, South Korea  /  No Comments

A government-backed roundtable on Northeast Asian carbon pricing is convening next week as the imminent launch of China’s national emissions trading scheme raises the issue of a common approach across China, Japan and South Korea.

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China asks for fresh CO2 data from eight targeted ETS sectors

Published 09:18 on December 15, 2017  /  Last updated at 09:18 on December 15, 2017  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China on Friday asked all eight sectors originally intended to join its emissions trading scheme to submit 2016 and 2017 CO2 data verification by the end of Q1 next year as the government lays the groundwork for the new market, which is expected to be launched next week in a narrower format.

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