CN Markets: CEA price remains below 100 yuan, weekly volume drops
Prices in China’s national emissions market were stuck below the 100 yuan ($13.70) mark over the past week, with trading volumes retreating as some major emitters have finalised their 2023 compliance.
Read MoreChina thermal power production stable in November, renewables addition slows
China saw annual growth in thermal power production slightly outpace total power output in November, while renewable additions slowed from the same period last year, according to government data published Monday.
Read MoreSouth Korea to spend $2 bln next year on climate tech
South Korea has allocated 2.7 trillion won ($1.9 billion) in the government budget for 2025 for developing technologies aimed at tackling climate change, including hydrogen as well as carbon capture, utilisation, and storage (CCUS).
Read MoreCN Markets: CEAs drop below 100 yuan, trading volumes surge
China’s national carbon market saw allowance prices drop below the 100-yuan ($13.74) mark over the past week amid selling pressure, but trading remained robust as emitters rushed to meet the end-of-month compliance deadline.
Read MoreSK Market: Monthly permit auction fails to sell out, spot prices hovers around $7
South Korea this week sold around 70% of the allowances on offer in its monthly CO2 permit auction amid dwindling buying interest, while spot prices in the secondary market retreated to around 10,000 won ($6.96).
Read MoreChina tightens emissions standards for coalbed methane
China has revamped its national emissions standards for coalbed methane, in the country’s latest attempt to curb methane output.
Read MoreBRIEFING: Indonesia urged to provide clarity on investor protection, Article 6 strategies to drive carbon market development
More clarity on investor protection and national strategies for the emerging Article 6 market is needed for Indonesia to unleash its carbon market potential, an industry conference heard this week.
Read MoreMelanesian Pacific governments should strengthen regulations for forest carbon projects, study says
Melanesian Pacific governments should continue to engage with voluntary carbon markets as a novel approach to forest conservation, but regulatory frameworks need to allow for projects to be developed at a pragmatic scale, a report has urged.
Read MoreCN Markets: CEA price falls to two-month low, growth momentum may come later
Prices in China’s national emissions market hit a two-month low over the past week, though some expect it to recover later this month ahead of the Dec. 31 compliance deadline.
Read MoreJapan begins work to align JCM registry with Article 6
Japan has opened a public consultation on rules aimed at providing clarity on the registration of international emissions reductions under the Joint Credit Mechanism (JCM) in line with Article 6 of the Paris Agreement.
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