China’s pilot EIA carbon assessment to complement carbon market -analysts
China’s new pilot scheme to add carbon to environmental impact assessments will complement the national ETS, with the steel industry set to be the most affected, analysts said Thursday.
Read MoreChinese provinces to pilot CO2 assessment in new project approvals
Seven Chinese provinces will pilot a system that requires governments to take CO2 emissions into account when approving new projects in energy-intensive industries, most of which are on the list to be brought into the national emissions trading scheme.
Read MoreChina’s non-fossil power capacity to exceed coal for the first time -report
China is on track to see its installed capacity of non-fossil power generation surpass its coal capacity at the end of 2021 for the first time, a report said, while a separate publication showed the country did not fund any new coal-fired power plants through the Belt and Road Initiative in H1, also a first.
Read MoreChina to release national roadmap for achieving carbon neutral target
China will soon publish a roadmap on how it intends to meet its carbon neutral target, with carbon trading and nature-based solutions to play important roles, according to the nation’s special climate envoy.
Read MoreCN Markets: CEAs hold above 50 yuan, but volumes dwindle
Allowance prices in China’s national emissions trading scheme have held firm above 50 yuan ($7.72) since the market opened last week, but trading activity has come down significantly as traders expect liquidity to remain patchy in the coming weeks.
Read MoreGuangdong ETS reports 100% compliance for 2020 as power plants exit scheme
All 245 companies covered by China’s biggest pilot emissions trading scheme surrendered permits in time this week to meet their 2020 obligations, marking the end of the last compliance cycle before coal-fired power plants accounting for around 40% of the scheme’s emissions transition to the national market.
Read MoreChina’s MEE clamps down on provincial failures regarding coal consumption
China’s environment ministry on Tuesday reprimanded the Shanxi provincial government for failing to control coal consumption and not dealing with regulation breaches by corporations.
Read MoreUPDATE – China confirms national ETS launch on July 16
The Shanghai Environment and Energy Exchange confirmed Thursday afternoon that China’s much-anticipated national emissions trading scheme, set to become the world’s biggest carbon market, will launch Friday after a three-week delay.
Read MoreChina June thermal power generation jumps 10.1% YoY
China’s thermal power generation in June was up by 10.1% from a year ago, outpacing a 7.4% gain in overall power output, official data showed Thursday, as the nation’s carbon-intensive COVID-19 recovery continued.
Read MoreChinese stock exchanges set rules for carbon neutral bonds
The Shanghai and Shenzhen stock exchanges have released guidelines for so-called carbon neutral corporate bonds in an attempt to root out abuse by companies seeking to profit from the new and trendy product.
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