China includes carbon in broad announcement on unified markets, leaves market guessing
China’s central government has released guidelines on accelerating the construction of a number of unified markets, including energy and carbon, but a lack of detail left carbon traders unsure what to make of it.
Read MoreCN Markets: CEAs lift moderately on bullish draft plan, but traders await confirmation
Allowance prices in China’s national emissions trading scheme edged up slightly this week on signals the government might make significant cuts to allocation, but a lack of confirmation and the long lead-time to the next compliance deadline tempered the market response.
Read MoreChina’s oil industry might lose race to peak CO2 by 2030 as emissions set to rise quickly -govt research
China’s oil industry might not be able to meet the nation’s overall target to peak its carbon emissions by 2030, and is likely to add a vast amount of CO2 before it reaches this high point, according to a government-led study.
Read MoreCN Markets: CEA price stable but liquidity concerns emerge on draft allocation plan
The spot price for Chinese carbon allowances remained stable this week as the bullish signal from a draft plan showing the government intends to make tougher-than-expected cuts in allocation was offset by the next compliance deadline being set almost two years into the future.
Read MoreTaiwan unveils 2050 net zero roadmap
Taiwan has released a transition plan to meet its 2050 target, leaning heavily on boosting renewables and investing in hydrogen, CCUS, and nature-based solutions with a yet-to-be decided carbon price playing a supporting role.
Read MoreFirms form venture to develop forward-based OTC services for China’s power, carbon markets
A group of energy, financial, and data firms actors have teamed up to develop data and analytics services for China’s OTC power and carbon markets to bring those markets beyond their current dependence on spot deals.
Read MoreChinese illegal logger agrees to buy carbon credits to reduce punishment
An individual in southwestern China’s Guizhou province received milder sentencing after agreeing to purchase forestry-based offsets as compensation for the damage that illegal logging caused.
Read MoreCN Markets: CEAs stable despite signs that allocation cuts might be lower than anticipated
Chinese carbon allowances barely budged over the past week, with traders awaiting confirmation of talk that the government is considering making less significant reductions in allocation numbers than previously signalled.
Read MoreChina to ramp up “pivotal” green hydrogen production
China released Wednesday a 15-year roadmap for hydrogen production, setting production goals for green hydrogen for the first time.
Read MoreChina leaves headline climate targets untouched in energy plan
China on Tuesday released the five-year plan for its energy sector, but without announcing any new or improved climate change or carbon emissions targets for the industry.
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