Reluctant land-owners slow path for Chinese developers eyeing rising voluntary prices
Chinese offset developers are queueing up to kickstart new projects to benefit from rising international prices for nature-based voluntary carbon credits, but are finding it hard to secure limited available land from land-owners who would rather get involved in the domestic market.
Read MoreCN Markets: China’s carbon price holds firm in thin market awaiting regulatory clarity
China’s national emissions trading scheme is seeing near-record high price levels, but on very thin volumes as traders await clarity from the government on what happens next.
Read MoreShanghai announces carbon allocation for 2021, possible introduction of new offset programme
The Shanghai municipal government will hand out almost 4% more carbon permits under its emissions trading scheme this year as some facilities have been added to the market, and said Friday it could add new types of offsets to increase supply if necessary.
Read MoreChinese carbon sink projects struggle to break even at current prices, study shows
China will rely heavily on carbon sink projects to meet its climate commitments, but one study has found that foresters need a bump from current domestic offset prices for projects to become viable.
Read MoreChina seen backtracking on emissions target for steel producers
China’s announcement this week that its steel sector will peak its carbon emissions by 2030, and not 2025 as previously reported, is a major setback and indicates a lack of ambition, according to observers.
Read MoreChina set to accelerate energy transition despite near-term focus on coal -analysts
China’s energy transition is likely to speed up in 2022, even though near-term energy security concerns will mean continued focus on coal in the short term, according to a report released Thursday.
Read MoreChina power industry eyes peaking of its CO2 emissions in 2028
Carbon emissions from China’s power industry could peak in 2028 with increased investments in nuclear and accelerated growth in renewables, two years sooner than previously planned for, according to the country’s leading power industry association.
Read MoreCN Markets: China carbon trading grinds to a halt with compliance done, uncertain future
Activity in the Chinese carbon market has fallen off a cliff in recent days after the last stragglers finalised their 2019 and 2020 ETS compliance, while the government has yet to make a decision on allocation and offset rules going forward.
Read MoreChina weighs linking ETS, green power trading scheme
China will explore the possibility of connecting its CO2 emissions trading scheme with the recently launched green power market, regulators said Friday, a move that could provide additional compliance pathways for emitters but spell the end for renewables-backed carbon offsets.
Read MoreGuangdong carbon price rises to highest in over 7 years as market sees life after national ETS
The CO2 price in Guangdong’s regional carbon market has risen to its highest level since June 2014, as the government has tightened allocation settings and plans to bring in new sectors to breathe new life into the system after power producers transited to the national ETS.
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