Beijing tightens ETS cap in new allocation plan
The Beijing municipal government has tightened CO2 limits in its emissions trading scheme, keeping the overall cap at similar levels as before while adding several hundred new companies.
Read MoreCOP-22: Nations get two years to firm up Paris Agreement rulebook
UN climate negotiations ended in Marrakech in the early hours of Saturday morning with agreement on setting a two-year process to write the rulebook underpinning the Paris Agreement.
Read MoreCN Markets: Pilot market data for week ending Nov. 18, 2016
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreCN 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 MoreChina’s Fujian readies allocation plan ahead of December ETS launch
China’s Fujian province will hand out up to 200 million allowances to emitters ahead of next month’s launch of the nation’s eighth pilot ETS, with rules strongly favouring forestry offsets.
Read MoreEU and China plan meeting to forge closer carbon market ties worldwide
The EU and China will convene a meeting of carbon market nations in the first half of 2018 with the aim of advancing work on linking emissions trading systems.
Read MoreEXCLUSIVE: Switzerland, Canadian provinces in high-level carbon market linking talks
Switzerland, Quebec and Ontario have opened high-level talks over linking their carbon markets, several well-placed sources told Carbon Pulse, in what could develop into a bridge between North America and Europe’s emissions trading schemes.
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 MoreEnergy-related CO2 emissions set to continue to rise until 2040 -IEA
Global CO2 emissions are set to still be rising by 150 million tonnes a year in 2040, paving the way for temperature growth of 2.7C by 2100 unless governments ramp up their ambition, the International Energy Agency said Wednesday.
Read MoreStudies for an East Asia carbon market get government blessing
Senior politicians from China, South Korea and Japan backed a research programme for a common emissions trading market spanning the three nations on Tuesday, but stressed that such a policy was not a near-term possibility.
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