China’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.
Read MoreChina’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.
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