Taiwan proposes carbon tax, eyes 2023 roll-out
Taiwan’s Environmental Protection Administration (EPA) has proposed a low carbon tax for big emitters to be implemented in 2023 in a bid to counter the EU’s carbon border adjustment mechanism (CBAM) and help drive domestic emissions towards net zero by 2050.
Read MoreChina announces coal market reform, leaves greater space for carbon price
China on Tuesday announced several key reforms to its coal-fired electricity market, which analysts say could allow generators to pass on the cost of carbon.
Read MoreChina to hammer out standards for carbon neutral claims, seen to limit offset supply
China’s central government has launched a process to establish standards for carbon neutral claims and processes, a move analysts say will likely tighten settings for developing offset credits.
Read MoreHong Kong raises mid-term emissions target, pledges 2035 coal phaseout
Hong Kong on Friday committed to cutting its greenhouse gas emissions 50% below 2005 levels by 2035 and to phase out the use of coal for power generation by the same year.
Read MoreCN Markets: China carbon price edges down, as ETS challenges remain
The price for Chinese Carbon Emissions Allowances (CEAs) came down slightly over the past week, but the overall market situation remained the same as none of the regulatory and administrative uncertainties hanging over the market have been addressed.
Read MoreGuangdong clean power auction attracts moderate interest, premium prices
China’s Guangdong province on Thursday held its first auction of clean power for which buyers will be issued green certificates, a new type of credit that could emerge as a competitor to offsets.
Read MoreCompanies announce China’s first “carbon neutral” crude oil deal
Three major Chinese companies on Wednesday announced they had used government-issued CCERs to offset a shipment of 30,000 tonnes of crude oil from extraction in Angola and every step of the way through the supply chain to consumption.
Read MoreHubei carbon market shrinks after power plant exit
China’s Hubei province has released the 2020 allocation for its pilot emissions trading scheme, with the number of allowances to be issued falling by almost 40% after regional coal-fired power plants exited the scheme to participate in the national market.
Read MoreCN Markets: CEAs rebound somewhat, but activity remains low amid talk of further delays
Chinese Carbon Emissions Allowances (CEAs) rose by 7% over the past week, though activity remains low as talk of further delays in allocating an outstanding 5 billion permits weighs on traders.
Read MoreChina’s Chongqing launches carbon offset scheme
Southwest China’s Chongqing revealed the first batch of offset methodologies, and the credits can be used in the local compliance carbon market, as well as to claim carbon neutral for business operations and big events.
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