China to back continued use of renewables-based offsets in ETS
China’s central government will support the use of carbon credits from “qualified” new energy projects in its emissions trading scheme, it said on Monday, though without clarifying exactly which projects would qualify.
Read MoreExchange to impose temporary price controls on China’s green power trading market
The Beijing Power Exchange will impose initial price control measures in the emerging green power trading market to avoid price spikes, it said when laying out rules for the new scheme, a move tipped to lure away at least some participants from China’s carbon offset market.
Read MoreStudy urges China to reform ETS to drive deeper CO2 cuts, reduce costs
Gradually introducing permit auctioning and transitioning to a cap-and-trade system from the current intensity-based approach are some of the measures China can put in place to achieve deeper carbon cuts from its ETS at a lower cost, according to a study released Wednesday.
Read MoreChina methane emissions spike amid coal boom
China’s methane emissions have soared after the government boosted coal production in the aftermath of last year’s power shortages, and there is worse to come, according to a report released Tuesday.
Read MoreChina issues first bivalve carbon offsets
A Chinese province has become the first to reward shellfish farming with carbon credits, though market participants were dubious about the new units and many details remain unclear.
Read MoreCN Markets: Low volumes and unchanged prices as China’s carbon market sorely lacks momentum
Carbon allowances in China’s national emissions trading market remain unchanged throughout the month of May and volumes have evaporated, as traders begin to expect there will be little regulatory progress this year.
Read MoreChina sees biggest drop in thermal power generation in 7 years as lockdowns sting
China last month saw its biggest plunge in thermal power generation – and likely in carbon emissions – since 2015, as Covid lockdowns hit demand while renewables recorded strong growth.
Read MoreTaiwan climate bill passes first reading, but legislators vague on carbon pricing
Taiwan’s Legislative Yuan on late Thursday signed off on the first reading of the island’s revised climate bill that would put the government’s 2050 net zero target into law, but the document remains vague on the level of a planned carbon levy as well as potential use of international offsets.
Read MoreCN Markets: CEAs barely budge as traders continue to cry out for policy direction
Chinese carbon allowances have remained unchanged for the past two weeks with no regulatory news on the emissions market and the government’s attention firmly fixed on the Covid situation.
Read MoreSecretive Chinese offset scheme triggers doubts over legitimacy
A newly established carbon trading platform in China is being met with suspicion among market participants after refusing to disclose information about its projects and the offsets it has issued.
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