China’s Guangdong keeps ETS emission cap level amid national market limbo
China’s biggest provincial pilot emissions trading scheme released its 2018 allocation plan on Thursday, keeping CO2 caps at last year’s levels as the central government has urged stability in the regional markets.
Read MoreChina to open power market to major polluting industries
Four of China’s biggest industries will join the nation’s burgeoning power market, allowing them to negotiate prices bilaterally as part of the government’s market reform in a process deemed crucial for the chances of the national ETS to successfully cut the sector’s GHGs.
Read MoreEU, China renew carbon trading partnership
The EU and China on Monday signed a strategic partnership that included a renewed commitment to cooperate on carbon markets, a further sign that China intends to go ahead with its national emissions trading scheme despite delays and government restructuring.
Read MoreHong Kong to launch carbon crediting scheme for building sector
Hong Kong is planning to launch a carbon crediting scheme for its building sector that could generate 2.5 million allowances a year, and it is developing a blockchain-based trading platform to create a domestic market for the units, according to government officials.
Read MoreExpectations dim for functional Chinese carbon market before 2020 -survey
Fewer people believe China’s national carbon market will be fully operational this decade, a new survey has revealed, as policy risks and expectations of lower allowance prices fuel pessimism and hold back industry from making low-carbon investment.
Read MoreChina launches trading scheme to tackle vehicle fuel efficiency, transport emissions
China has launched a trading scheme to improve fuel efficiency among car manufacturers, and to help boost the production of so-called new energy vehicles (NEVs) while cutting transport emissions, though the government’s own data shows the market will be oversupplied in its early years.
Read MoreChina outlines 2020 air pollution control targets
China outlined new targets in its extended anti-air pollution action plan on Tuesday, according to a State Council statement that included restrictions on industrial projects in heavily polluted cities that are also aimed at curbing greenhouse gas emissions.
Read MoreShanghai postpones ETS compliance for one month
Shanghai has pushed back its compliance deadline to July 31, giving the local ETS participants one more month to fulfill their commitments, the city’s government said on Friday.
Read MoreChina’s Sinopec makes carbon profits on govt refinery clampdown
A subsidiary of Sinopec, China’s biggest refinery group, has made a 1.3-million yuan ($200,000) profit by swapping Shanghai CO2 permits it had saved as a result of a government clampdown on overcapacity in the sector.
Read MoreChina’s cabinet reaffirms ETS plans, tightens grip on polluters
China State Council on Sunday released a raft of environmental policy orders, reaffirming its plans to establish a national emissions trading scheme by 2020 despite recent doubts, and giving environmental regulators more power.
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