China’s auto industry on track to miss carbon neutral target, analysts find
Emissions from China’s car making industry are set to plateau after peaking in 2027, putting the sector off track for a 2060 net zero pathway, according to an analysis by a green group released on Tuesday.
Read MoreChina thermal power generation rises 8.4% in 2021
China’s thermal power generation rose 8.4% in 2021, government data showed Monday, with the nation’s Covid recovery causing a surge in carbon emissions.
Read MoreCN Markets: CEAs stable as traders await allocation plan
Chinese carbon allowance prices remained largely stable over the past week as market participants await the official allocation plan for 2021, while offsets are being offered at far above market prices amid severely limited supply.
Read MoreChina’s biggest CCS project to start first-phase operations this year
A carbon capture and storage (CCS) project in China’s western Xinjiang region that will become China’s biggest of its kind when it is fully operational plans to launch its first phase this year.
Read MoreChina plans regional carbon sink trading schemes in the northeast
China’s central government said Tuesday to establish carbon sink trading pilots in Inner Mongolia and Heilongjiang province in northeast China, two of China’s most forestry abundant regions.
Read MoreAnalysts see room for rising prices in China ETS
China’s carbon market has considerable room for rising prices in this decade, though there is also a risk the value of CO2 allowances might stagnate depending on the market’s regulatory settings, according to analysts.
Read MoreCN Markets: CEAs hold firm after compliance deadline, but volume tanks
Chinese carbon allowance prices held firm this week, propped up by demand from companies that missed the Dec. 31 compliance deadline, but trading volumes plummeted.
Read MoreCN Markets: CEA price ticks up as compliance rush continues, but muddy outlook for CCERs
Chinese CO2 allowances rose to a fresh four-month high this week as some companies continued buying units to finalise their compliance, while the uncertainties surrounding the future of the domestic offset market drove speculation of possible institutional changes.
Read MoreAnalysts tip China ETS to face permit shortage as tighter settings loom
China is likely to tighten the ETS allocation benchmark for coal-fired power plants by 4-5% for 2021 emissions, pushing the world’s biggest carbon market towards a shortage of allowances, according to analysts.
Read MoreChina mandates companies to disclose emissions data
Chinese carbon emitters must start to publicly disclose their emissions data, according to new regulations released by the environment ministry aiming to increase data transparency.
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