CN Markets: CEA prices extend gains as buyers suffer supply squeeze
Chinese carbon allowances rose to a 4-month high in Friday trade while volumes plunged, in what traders saw as a sign that emitters holding a surplus are unwilling to sell.
Read MoreCN Markets: Overtime compliance rush pushes up China ETS price, volume
China’s carbon price and trading volumes rose again on Thursday as emitters that failed to meet Wednesday’s initial compliance deadline continued to chase supply.
Read MoreCN Markets: Many seen to miss China’s first ETS compliance deadline despite spike in trading volumes
Volumes in China’s emissions trading scheme have hit record highs in recent days as emitters have scrambled to meet Wednesday’s main compliance deadline for 2019 and 2020 emissions, but market participants reckon at least half the companies involved will have failed.
Read MoreChina sees first monthly downturn in thermal power in more than a year
China’s thermal power generation fell in November for the first time in over a year amid slowing economic growth and ongoing curbs on energy intensive industries.
Read MoreChina’s national offset trading platform to be ready next June
China’s national offset trading platform will be finalised halfway through next year, though the exact launch date will depend on when the government restarts the carbon credit programme.
Read MoreChinese emissions likely to surge in 2022 as stimulus expected ahead of major party meeting -analyst
China’s greenhouse gas emissions are likely to increase next year as the government is emphasising economic stability ahead of the important party congress in late 2022, according to analysis published Monday.
Read MoreCN Markets: China ETS sees record volumes with just days left for emitters to comply
The Chinese carbon market saw record trade this week ahead of the Dec. 15 compliance deadline, though if estimates are correct there is still a lot of demand to be filled in just four trading days.
Read MoreChina pitches regional bamboo carbon trading schemes
China’s central government on Wednesday released guidelines urging local authorities to establish pilot trading markets for bamboo-backed carbon offsets.
Read MoreChina plans to add aluminium, cement to ETS next year -exchange
China plans to add production of electrolytric aluminium and cement to its national emissions trading scheme next year, according the chairman of the Shanghai Environment and Energy Exchange, a move that will add nearly 2 billion tonnes of CO2 to the market.
Read MoreCN Markets: CEAs stable as authorities encourage borrowing ahead of compliance deadline
Trading volume in China’s carbon market has doubled amid stable prices over the past week, as several provinces allowed borrowing of allowances between companies to help firms meet the impending compliance deadline.
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