CN Markets: CEA volume drops to near zero as paralysis takes hold
The allowance price in China’s carbon market has remained unchanged for more than three weeks and volume this week dropped to near zero as lack of policy direction has left the market drifting.
Read MoreChina slows fall in thermal power generation as lockdowns ease
Fossil fuelled power generation in China continued to fall in May, though at a slightly slower rate than in the previous month as some of the country’s Covid-driven lockdowns eased.
Read MoreChina ETS market power in the hands of the few, analysts find
More than 2,200 companies participate in China’s national emissions trading scheme, but the majority of surplus allowances and the power to determine the market’s trading patterns rest with fewer than 10 firms, a report released on Monday found.
Read MoreCN Markets: CEA price stable, but outlook bleaker after latest govt announcement
The allowance price in China’s national emissions trading scheme remained unchanged again this week, but trading activity stalled as market participants said newly announced changes in allocation regulations spurred further bearish sentiment.
Read MoreChina weakens ETS allocation standards, extends data submission deadline
China has announced new rules for determining the number of carbon allowances in its emissions trading scheme that traders say will lead to a bump in the number of permits, while also extending the deadline for submitting 2021 emissions data due to Covid disruptions.
Read MoreChina oil major eyes 2025 carbon peak, steadily growing offset portfolio
China National Petroleum Corporation (CNPC), the world’s third-largest oil company, plans to peak its carbon emissions by 2025 and achieve net zero by 2050 helped by a steadily growing portfolio of forest carbon projects, it announced Monday, both targets well ahead of the Chinese government emissions pathway.
Read MoreCN Markets: CEA volume rebounds, but sentiment still weighed down by policy stagnation
A handful of OTC block trades pushed volumes in China’s emissions market over the past week above 1 million, but the price remained unchanged and market outlook tempered by the overall policy situation.
Read MoreChina’s Guangdong delays ETS compliance deadline due to Covid
The Guangdong provincial government has pushed back the annual compliance deadline under its emissions trading scheme by two months amid Covid-related restrictions to business activities.
Read MoreChina’s finance ministry to brush up low-carbon toolkit, fuelling carbon tax speculation
China’s finance ministry will develop a toolkit to facilitate the country’s path towards carbon neutrality, sparking fresh speculation that a carbon tax might be on the steps.
Read MoreBig-emitting Chinese province rolls out offset plans
One of China’s richest provinces has released a draft plan to launch a nature-based carbon offset programme, though uncertainty around the national government’s approach to corresponding adjustments means the resulting credits might be restricted to domestic consumption.
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