HKEX deepens carbon ties with Guangzhou Futures Exchange
Hong Kong Exchanges and Clearing (HKEX) and the Guangdong Futures Exchange (GFEX) are teaming up to explore the possibilities of a strategic partnership around products related to China’s carbon emissions targets.
Read MoreCN Markets: CEAs drop to lowest levels yet, as traders see more downside ahead
Chinese Carbon Emissions Allowances (CEAs) this week fell to their lowest level since the market launched, with traders expecting further drops in the weeks ahead amid a lack of demand.
Read MoreChina’s Shenyang to launch ETS in September
The municipal government in China’s northeastern city of Shenyang expects to launch trading in its local emissions trading scheme next month, but with compliance obligations from the beginning of 2020, it said Wednesday.
Read MoreChina coal capacity growth collapses, but provinces keep pushing -report
Approvals for new coal power facilities in China fell 78.8% year-on-year in H1, an NGO report published on Wednesday found, but provincial governments continue to seek funding for new plants.
Read MoreANALYSIS: Flush with ambition, China will need time to deliver on green hydrogen
Zhangjiakou, the northern Chinese city that will co-host next year’s Winter Olympics, is busy putting in place the nation’s largest green hydrogen capacity, though experts predict China’s push to develop the fuel will take years to make an impact.
Read MoreTaiwan EPA hopes carbon tax can fend off CBAM backlash
Taiwan’s Environmental Protection Administration (EPA) will include a carbon tax proposal in the ongoing revision of its greenhouse gas legislation, in the hope this will save Taiwanese exporters from impacts from the EU’s proposed carbon border adjustment mechanism (CBAM).
Read MoreCN Markets: China ETS at standstill as market waits for access, CCER news
Allowances in China’s national emissions trading scheme fell 9% over the week, with traders waiting for access for all market participants and clarification from the government on when the offset programme will be back up and running.
Read MoreItochu eyes Japan’s first mangrove project as blue carbon market begins to form
Trading company Itochu on Wednesday announced it will develop Japan’s first mangrove project in a boost for the country’s fledgling blue carbon market.
Read MoreBeijing wants clean hydrogen to earn CCERs in new plan
The Beijing municipal government on Tuesday unveiled a five-year plan for hydrogen, which included developing a methodology to allow clean hydrogen to earn carbon offsets.
Read MoreChina hopes to open ETS door to financials before year-end -exchange
China is hopeful institutional investors will be able to trade in the national emissions trading scheme by year-end, an exchange official told state media this week, a move considered vital to ignite the market’s liquidity.
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