Beijing lays out rules for voluntary carbon offsetting
The municipal government of Beijing released instructions for corporates, institutions and event organisers to qualify for carbon naturality, including listing rules of eligible offset projects, which set up examples for other Chinese cities to follow.
Read MoreChina’s national ETS set to launch trading on July 16 -sources
China’s national emissions trading scheme is said to launch on Friday, according to sources with knowledge of the issue.
Read MoreMajor Chinese steel hub commits to peaking carbon emissions by 2025
One of China’s biggest steel-producing hubs has said it will make sure carbon emissions from the industry will peak by 2025 or sooner, adding to the national government’s challenge of setting a suitable CO2 allocation level in the national emissions trading scheme.
Read MoreYangtze River Delta sees first city roll out ‘inclusive’ carbon market
The city of Yueqing in China’s Zhejiang province has announced the launch of a small-scale local carbon market for small enterprises and households that provincial governments in the Yangtze River Delta region want to develop into a network of interconnected so-called “inclusive” markets across the region.
Read MoreChinese banks explore ways to back forest carbon schemes
Agricultural Bank of China has approved a loan to an olive oil company taking future expected income from carbon credit sales as security, as lenders keep exploring ways for forest owners to secure hard-to-get loans after the government identified carbon sinks as a key means to meet China’s long-term climate goals.
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