China to merge climate change, ETS into new ministry in major government shuffle
China will move its climate change office into a new Ecological Environment Ministry, the government said Tuesday, creating further uncertainty around the implementation of its national emissions trading scheme.
Read MoreChina caps 2018 energy consumption growth, paves way for CO2 drop
China will cap its 2018 energy use at 4.55 billion tonnes of standard coal equivalent, a 1.3% rise on last year, and reduce the share of coal in the energy mix, the government said, foreshadowing an absolute drop in CO2 emissions from coal burning.
Read MoreChina industry group urges parliament to pass ETS legislation
The All-China Federation of Industry and Commerce on Friday urged the country’s parliament to push legislation underpinning the national emissions trading scheme ahead of its annual congressional session, which begins next week.
Read MoreChina’s 2017 CO2 emissions seen up, despite drop in carbon intensity
The carbon intensity of China’s economy fell 5.1% in 2017, the National Statistics Bureau said Wednesday, but analysts concluded that total emissions still rose due to the country’s strong economic growth.
Read MoreREPORT: Emissions Trading Worldwide – ICAP Status Report 2018
The International Carbon Action Partnership’s new report finds 2017 marks a key step forward for emissions trading. The adoption of ETSs in emerging economies, structural reforms and new cooperation initiatives have boosted confidence in carbon markets and help establish emissions trading as an important tool in reaching the goals of the Paris Agreement.
Read MoreGuangdong CO2 exchange targets Europeans as it notches rare offshore deal
The China Emissions Exchange in Guangdong is seeking government approval for a foreign capital quota for carbon trade as it recorded its second-ever offshore CO2 permit deal, amid signs that international firms haven’t completely turned their backs on China following the national ETS delay.
Read MoreData shows cut-price, opaque bilateral deals makes up most of Beijing’s carbon trade
As much as two-thirds of the volume traded in Beijing’s emissions trading scheme last year went through as bilateral deals, with prices less than half the levels on the local carbon exchange.
Read MoreChina State Grid Corp. moves to bring renewables online
China’s State Grid Corp. has pledged to change its dispatch system in order to put an end to coal-generated power largely blocking new clean energy sources from coming online in the country’s Beijing-Hebei-Tianjin triangle.
Read MoreNodal eyeing launch of US gas, emissions contracts in second half
US-based exchange Nodal plans to launch new gas and emissions derivatives in the second half of the year once it benefits from software integration rolled out with its German-owned parent EEX.
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