CN Markets: Shanghai ETS sees record bids as market reopens
A record 910,000 allowances traded in the Shanghai CO2 market on Friday as it reopened after having been closed since July 1, with prices pegged at 10.72 yuan, exchange data showed.
Read MoreShanghai lowers emissions cap, plans CO2 auctions
The Shanghai municipal government on Wednesday released the 2016 allocation plan for its emissions trading scheme, reducing the annual cap despite increasing the number of market participants by over 50%.
Read MoreShanghai to reopen carbon trade on Nov. 18
The Shanghai emissions trading market will reopen on Friday Nov. 18, the local carbon exchange announced Tuesday.
Read MoreChina issues 2.5 million offset credits, approves 23 new projects
China’s NDRC has issued 2.5 million carbon offset credits to 14 projects, with wind power dominating while almost no CDM-related projects were involved as developers increasingly shy away from activities likely to be barred from the national emissions trading scheme.
Read MoreWorld Bank sets date for third PAF auction
The World Bank will hold the third auction under its Pilot Auction Facility (PAF) on Jan. 10, 2017, it announced Wednesday.
Read MoreChina offset restrictions put squeeze on carbon developers
Chinese carbon project developers, recently recovered from the CDM crisis, are facing fresh headwind amid government moves to restrain offset supply in a bid to avoid price suppression for the already over-supplied domestic market.
Read MoreOfficial warns of tight offset limit in China ETS
China plans to set a tight limit on offset use in its national emissions trading scheme, a senior government official said Friday, warning suppliers that selling opportunities might be scarce in initial years.
Read MoreShanghai mulls 1% offset limit to stave off CO2 surplus -sources
Shanghai officials are considering slashing the limit on offset use in its emissions trading scheme to just 1% and banning all pre-2015 projects in a bid to reduce the surplus that haunted the market in the first trading period, according to sources familiar with the matter.
Read MoreTight rules mean most companies can’t get in on China’s green bond bonanza
China has issued green bonds worth $21 billion over the past year but credit rating requirements mean most smaller and private firms such as carbon specialist companies and clean tech enterprises can’t participate, a conference in Beijing heard Wednesday.
Read MoreChina’s Sichuan to start offset trade in November
The Sichuan United Environment Exchange, one of two Chinese non-pilot emission bourses that have won government approval to host carbon trading, will launch offset trading next month, an exchange official said.
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