CN Markets: CEA price continues to drop, trading volumes remain steady
China’s national carbon market saw its price continue to fall this week amid slightly decreased liquidity, though some believe that the price effect of a new carryover mechanism will not appear until next year.
Read MoreChina CCER registry system sees surge in account registration
More than 4,500 participants in China’s voluntary carbon market have opened accounts on the national registry platform since the restart of the domestic offset programme earlier this year.
Read MoreSouth Korea national trust teams up with climate tech firm to develop nature-based credits
South Korea’s National Nature Trust (NNT) has teamed up with a climate tech company to work on the creation of technology-backed carbon credits by utilising its environmental assets.
Read MoreChina’s Heilongjiang sees first forest offset transaction under local programme
A Chinese province known for its local timber industry has completed a first transaction of forest carbon credits under a recently launched provincial programme, as the regional government seeks to explore the potential of nature-based projects.
Read MoreMajor securities firm becomes the first South Korean financial company to secure international credits
One of South Korea’s largest securities firms has obtained carbon credits from an international project, the first financial company to do so in the country, it announced Thursday.
Read MoreJapanese scientists unveil hybrid material for industrial emissions capture
Scientists from Japan’s Chiba University have developed a sodium carbonate-nanocarbon hybrid material for capturing CO2 from industrial emissions, which they claim to be a cost- and energy-effective option for thermal power plants and factories.
Read MoreChina releases low-carbon transformation plan for coal-fired power plants
Chinese regulators have released a three-year action plan for the low-carbon transformation of coal-fired power plants, with a focus on the development of co-firing methods as well as carbon capture, utilisation, and storage (CCUS).
Read MoreChina thermal power generation drops in June, renewable energy expansion continues
China saw its domestic thermal power generation decline in June, while renewable energy production continued to grow at a fast pace that could signal a turning point in the country’s emission trend.
Read MoreSK Market: Monthly KAU auction again oversubscribed, price likely to remain steady until compliance deadline
South Korea’s latest monthly CO2 permit auction was again oversubscribed, with analysts expecting permit prices to remain steady throughout the rest of the current compliance period.
Read MoreCN Markets: Allocation plan fails to move CEA price, but liquidity improves
The release of a draft 2023-24 allowance allocation plan for the China ETS failed to ignite the world’s largest compliance emissions market, which has seen prices remain rangebound with relatively low trading volume over the past week.
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