China’s State Council approves ETS allocation plan -media

Published 10:33 on April 19, 2018  /  Last updated at 10:33 on April 19, 2018  /  China, China's National ETS  /  No Comments

China’s State Council has approved an allocation plan for the power sector’s trial emissions trading system, local media reported Thursday, a sign that the government is on track to launch the simulated market this year as planned. Read More

Global carbon pricing revenues up 45% in 2017 as spending choices differ -report

Published 12:42 on April 19, 2018  /  Last updated at 12:42 on April 19, 2018  /  Americas, Asia Pacific, EMEA, International  /  No Comments

Revenues raised from carbon pricing policies rose 45% last year to $32 billion, with most coming from taxes rather than trading and no clear trend emerging on where the money is spent, a report found on Thursday. Read More

China slashes power prices to boost industry, paving way for further reform

Published 10:29 on April 19, 2018  /  Last updated at 10:42 on April 19, 2018  /  China, China's National ETS  /  No Comments

China will cut power prices for industrial and commercial users by around 10%, a move likely to squeeze the profits of monopoly grid companies and major generators and pave the way for further power market reforms. Read More

ANALYSIS: Ontario, Quebec’s offset rules development back on track, but concerns persist

Published 02:39 on April 19, 2018  /  Last updated at 03:01 on April 19, 2018  /  Americas, Canada, US, Voluntary Market  /  No Comments

Ontario and Quebec’s offset protocol development is back on track after a policy debate delayed around half of the 13 being designed, but concerns remain on the approach the provinces have decided to take. Read More

Economic and legal headache would follow doubtful Ontario exit from WCI -experts

Published 01:46 on April 19, 2018  /  Last updated at 01:55 on April 19, 2018  /  Americas, Canada, US  /  No Comments

Although stakeholders believe that Ontario is unlikely to abandon its cap-and-trade programme should the Progressive Conservatives (PC) win the upcoming June provincial election, an exit from the WCI market could yield multiple economic and legal problems. Read More

Role of ETS in question as EU gears up to revamp long term climate strategy

Published 19:47 on April 18, 2018  /  Last updated at 00:29 on April 18, 2018  /  EMEA, EU ETS  /  No Comments

The role of the ETS in meeting the EU’s long-term climate goals is being called into question all across Europe as Brussels prepares to revamp its strategy underpinning the targets. Read More

EU Market: EUAs rise as buyers step in ahead of compliance deadline

Published 20:44 on April 18, 2018  /  Last updated at 22:52 on April 18, 2018  /  EMEA, EU ETS  /  No Comments

EU carbon prices resumed their upward trajectory on Wednesday despite another weak auction, as traders said buyers were looking to square their positions ahead of the annual compliance deadline. Read More

Carbon trader becomes new CEO of Tianjin Climate Exchange

Published 13:13 on April 18, 2018  /  Last updated at 02:31 on April 19, 2018  /  Bavardage, China, China's Offset Market, China's Pilot Markets  /  No Comments

A Beijing-based trader with China Carbon Futures left the company on Wednesday to take up the position of CEO of the Tianjin Climate Exchange. Read More

Business groups urge leaders to keep Australia’s NEG alive

Published 10:51 on April 18, 2018  /  Last updated at 02:33 on April 19, 2018  /  Asia Pacific, Australia  /  No Comments

A group of major Australia's business groups and other organisations on Wednesday urged state leaders to not ditch the proposed National Energy Guarantee (NEG) at a crunch meeting later this week. Read More

Stakeholders brace for more EU ETS changes as reforms seen falling short -report

Published 15:11 on April 17, 2018  /  Last updated at 16:12 on April 17, 2018  /  EMEA, EU ETS  /  No Comments

EU ETS stakeholders are expecting further changes to the carbon market as most believe recently-agreed reforms aren’t enough to meet the bloc’s long-term climate goals, a report found on Tuesday. Read More

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