Beijing eyes start of national offset market by year-end
The Beijing municipal government aims to kick off China’s national carbon offset trading platform before the end of the year, but doubts linger as to whether federal regulators will be able to finalise the market framework by then.
Read MoreChina’s emissions intensity drops in 2021 even as coal consumption increases
China took a further step towards meeting its Paris Agreement carbon intensity target last year, despite a bump in coal consumption.
Read MoreCN Markets: Chinese market sees moderate rebound in price, but traders still await clarity
Price levels and trading volumes in China’s carbon market both rebounded somewhat over the past week, but regulatory uncertainty continues to put a dampener on activity.
Read MoreChina’s green power scheme moves forward as govt dithers on offsets
China Southern Power Grid on Friday released more detailed trading rules for the recently established green power trading scheme, which traders say might emerge as the option of choice for generators tired of waiting for clarity on the nation’s offset market.
Read MoreChina accelerates coal plant construction despite carbon neutral pledge -study
New coal plant construction projects in China rose to a five-year high last year, tripling numbers in the rest of the world combined, while new project approvals have picked up pace in the first few weeks of 2022, according to a report released Thursday.
Read MoreSurvey shows market participants expect modest but steady growth in Chinese carbon prices
The price for Chinese carbon allowances is expected to almost triple by the end of the decade after an initial gradual increase to 2025, according to a price survey released this week.
Read MoreChinese investors, financials likely to be introduced to country’s ETS in H2 -exchange official
Some Chinese institutional investors and financials might be given access to trade in China’s national emissions trading scheme in the second half of the year, an official with the Shanghai Environment and Energy Exchange said this week, though it remains unclear exactly when such firms would be able to open their trading accounts.
Read MoreShanghai to roll out regional offset scheme, complement CCERs
Shanghai will establish its own regional carbon offsetting scheme that over time will be linked to the city’s emissions trading scheme, the municipal government has announced.
Read MoreWith national scheme on hold, more Chinese local authorities explore own offsetting options
A local government in southwestern China has become the latest to issue its own forestry carbon credits with a trading platform in the works, as the ongoing lack of a national offsetting mechanism pushes regional officials to explore other options.
Read MoreCN Markets: Activity wanes in China’s carbon market, as observers expect delays to CCER restart
Chinese carbon allowances fell by almost 6% over the week, though trading volumes were so low that not much can be derived from the price direction, sparking renewed calls for allowing financials to participate in the market.
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