CN Markets: CEA price retreats from all-time high, liquidity improves
Chinese carbon allowances have retreated from the all-time highs seen in previous weeks with healthier trading volumes, but remain well above the 80 yuan ($11.05) threshold amid continued optimism for the market.
Read MoreWorld’s soils losing a billion tonnes of inorganic carbon every year, study finds
Environmental degradation means some 1 billion tonnes of soil inorganic carbon (SIC) every year leaks into inland waters, with countries like China and India particularly affected, a group of researchers has found.
Read MoreINTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement
The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.
Read MoreChina releases ecological protection compensation scheme regulations, highlights market-based instruments
China has introduced national regulations governing compensation for ecological protection, as the government aims to encourage the use of market-based instruments such as carbon credit purchases.
Read MoreChina’s coal plant build hits new high in 2023, driving global growth
Global coal capacity rose last year, with China – the world’s largest LNG importer and biggest developer of new solar and wind capacity – accounting for two-thirds of that growth, according to a think tank report published Thursday.
Read MoreANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets
A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.
Read MoreGlobal carbon emissions trading revenues rise 17% to record $74 bln in 2023 -report
A total of more than $74 billion was raised from 36 carbon emissions trading systems last year, up from $63 bln the year before, with strong momentum building for new mechanisms in emerging economies, according to research published Wednesday.
Read MoreSBTi poised to validate voluntary carbon credit use for corporate Scope 3 emissions goals
The Science Based Targets initiative (SBTi) has decided that voluntary carbon credits may be used to offset corporate Scope 3 emissions, the body said Tuesday, it what should provide a significant boost for offset demand.
Read MoreFEATURE: Voluntary carbon projects still need sifting despite ICVCM stamp of approval
Work by the Integrity Council for Voluntary Carbon Markets (ICVCM) to label credits with the Core Carbon Principles (CCP) stamp will only go so far in determining the quality of supply, as project-level assessments will still be required to help buyers identify good projects, say market stakeholders.
Read MoreChinese steelmaker begins carbon trading simulation as ETS expansion nears
One of the largest steelmakers in China has begun to simulate carbon trading under the national emissions trading scheme, as the government prepares to bring steel to the world’s largest CO2 market.
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