Chinese CO2 verifiers under pressure as disgruntled traders, consultants join fray
The delay of China’s national emissions trading programme has forced a number of carbon specialist firms to refocus their business, sparking a price war in the greenhouse gas verification industry.
Read MoreCN Markets: National ETS delay dampens trade in China’s pilot markets
Traded volumes in China’s eight pilot emissions trading schemes fell by two-thirds in April compared to the same month last year, as the delay of the national ETS has seen many traders exit.
Read MoreChina, EU launch second phase of emissions trading co-operation
China and the EU on Wednesday launched the three-year second phase of their emissions trading co-operation programme, a €10 million EU-funded effort to help the world’s top emitting nation to develop and launch its national cap-and-trade system.
Read MoreChina’s State Council approves ETS allocation plan -media
China’s State Council has approved an allocation plan for the power sector’s trial emissions trading system, local media reported Thursday, a sign that the government is on track to launch the simulated market this year as planned.
Read MoreChina slashes power prices to boost industry, paving way for further reform
China will cut power prices for industrial and commercial users by around 10%, a move likely to squeeze the profits of monopoly grid companies and major generators and pave the way for further power market reforms.
Read MoreChina must cut output from polluting industries 30% by 2030 to meet environmental targets -report
China will have to cut production levels in its most polluting industries by 30% before the end of next decade to meet the government’s air pollution targets, but the country has the opportunity to build a cleantech market worth $3.2 trillion along the way, according to a study released Tuesday.
Read MoreChina aims for realtime CO2 data for power stations in ETS
China’s climate change office has asked for assistance from the power industry to develop realtime CO2 emissions data reporting for power stations covered by the national emissions trading scheme, a move that if successful would make it the world’s first carbon market to deploy such equipment.
Read MoreChina’s Shanxi province targets carbon finance to drive coal cuts
A government-funded financing vehicle in China’s second-biggest coal-producing province has teamed up with the local carbon exchange to leverage public and private capital targeting carbon trading and clean industrial projects in a bid to cut its reliance on coal.
Read MoreChina reportedly preparing fresh restrictions on coal imports, putting lid back on CO2
China is likely to reintroduce restrictions on coal imports in the coming months in an effort to balance increasing production in domestic mines while clamping down on oversupply, according to domestic trade media.
Read MoreChina meets Copenhagen climate target early, vows to stick with ETS despite govt re-shuffle, delays
China has already met its 2020 carbon intensity target, according to a senior climate change official who also stressed that the country will continue building its national emissions trading scheme despite the recent government shuffle.
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