China’s Hebei to launch carbon offset market
China’s Hebei will launch a pilot voluntary carbon offset market across five cities by the end of the year, which could be implemented province-wide by 2020 with a view to making the credits eligible for compliance use for local industry in the national emissions trading scheme.
Read MoreETS back on agenda as China clarifies ministry role
China’s environment ministry has clarified the structure and role of its climate change division, adding the construction of the national emissions trading scheme to its list of duties after omitting the ETS from an initial overview published last month.
Read MoreChina’s coal habit puts energy firms at massive financial risk -report
China’s top generators risk losing nearly $400 billion in stranded assets by 2040 if they don’t step up the retirement rate of coal-fired power plants, a report said Wednesday.
Read MoreChina on track to add US-sized fleet to coal capacity -report
China has 259 GW of new coal-fired power generation capacity under construction, equivalent to the total US coal plant fleet, despite Beijing’s efforts to hold back carbon-intensive development, a report found on Wednesday.
Read MoreNew ministry set-up raises questions over China’s ETS
China this week finalised the structure of its new super ministry for the environment without a mention of the national emissions trading scheme and with the climate change division stripped of some of its responsibilities.
Read MoreChina makes fresh reassurances on carbon credits
China’s Ministry of Ecology and Environment (MEE) will support the revamp of the country’s carbon credit programme as soon as possible to ensure offsets will be eligible in the national emissions trading scheme, Vice Environment Minister Zhuang Guotai said Wednesday.
Read MoreChina’s nascent power market sees small gains in electricity share
Nearly a quarter of China’s H1 2018 electricity traded in the recently-established regional power markets, according to data from the China Electricity Council, as the nation took another small step away from the government pre-planned dispatch pattern that observers say would make a carbon price less effective.
Read MoreAnt Financial, BAIC Group take stakes in Beijing climate exchange
Chinese investor Ant Financial and automaker BAIC Group have bought shares in the Beijing Environmental Exchange, increasing the bourse’s registered capital by 67% to 500 million yuan ($72.7 mln).
Read MoreChina set to release guidance on power sector test ETS
China will shortly release technical guidance to power companies slated to be brought into the sector’s simulation cap-and-trade programme, an official said Thursday, a sign that work on the carbon market might be moving ahead after months of organisational uncertainty.
Read MoreChina’s coal rebound continues while ETS, climate policy get stuck
A hot July helped China’s coal imports to hit their highest levels in almost five years as coal consumption continues to grow while the government’s work to carve out regulations for its planned national emissions trading scheme has ground to a halt.
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