China thermal power growth slows down in August on slowing economy, tight coal supply
China’s thermal power generation growth dropped to the lowest since last October, according to official data, echoing with earlier expectations that energy consumption growth for the second half of 2021 will slow as the economic output cools down.
Read MoreANALYSIS: Pining to get started, China’s carbon foresters face familiar foes
China is banking on carbon sinks to help meet its 2060 climate ambitions, but the domestic carbon forestry industry is still struggling with familiar obstacles in the Chinese emissions market: lack of regulatory certainty and lacklustre demand.
Read MoreChina’s State Council backs carbon futures, reiterates support for offsets
China will develop a carbon futures market in a bid to establish more funding channels for emissions cuts, said an official statement from the nation’s Cabinet, which also indicated a potential expansion in the types of projects that could be eligible to generate offsets for the national emissions trading scheme.
Read MoreCN Markets: Trade in China’s CO2 market shrivels further, leaving traders frustrated
Allowance prices in China’s national emissions trading scheme fell another 6% over the Sep. 3-9 period, with volumes dropping to near zero as frustrated market participants were left waiting for financials to be brought in.
Read MoreTop advisory body calls for absolute emissions cap in China ETS
An influential environmental advisory body has become the latest to call on China to put an absolute cap on CO2 emissions under its carbon trading scheme.
Read MoreChina starts green power trading scheme, clouds outlook for renewable-backed offsets
China launched a pilot market for green power trading on Tuesday that some observers say might put the squeeze on offset-generating renewable projects.
Read MoreBeijing sees its first offset trade backed by green transportation
A Beijing construction company has bought the city’s first batch of green transportation carbon offsets, units generated by individuals in Beijing using low-carbon options such as public transport, walking, and biking.
Read MoreCN Markets: China ETS lull continues as traders await regulations, more permits
China’s carbon price shed another 6% this week, while trading volumes fell to barely a trickle as demand remained low amid a lack of regulatory and administrative developments.
Read MoreChina likely to miss 2021 steel reduction target, adding 158 MtCO2e -report
China will likely miss its target to restrict 2021 steel production to last year’s levels, and instead see an output increase that will add CO2 equivalent to the annual emissions of the Netherlands, a report released Friday said.
Read MoreChinese exchange eyes blue carbon market
An exchange in China’s Fujian province has set up the nation’s first trading platform for blue carbon credits, in expectation of a government-backed push for offset projects that store carbon in the ocean.
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