China appoints new climate chief, prepares November CO2 allocation -sources
China has promoted a senior climate negotiator to head its Climate Change Office (CCO), a move that is expected to reignite the agency’s decision-making abilities as officials prepare to transfer CO2 permits to power-sector ETS participants in early November, according to sources.
Read MoreANALYSIS: China’s CO2 markets ignore fundamentals as govt intervention drives prices
China’s pilot emissions trading schemes have ignored energy and commodity fundamentals as regulatory intervention has been the chief price driver, highlighting a major challenge to turn the national cap-and-trade programme into an effective mechanism.
Read MoreCN Markets: Pilot market data for week ending Oct. 13, 2017
Below is a table of the closing prices, ranges and volumes for China’s regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
Read MoreCN Markets: National market uncertainty hammers trade in Chinese pilots
The ongoing uncertainty about the Chinese national ETS launch has left the eight pilot schemes even more off keel than normal after their compliance rush ended over the summer months.
Read MoreBeijing seeks to pilot carbon futures trade as part of green finance push
The Beijing government will set up a pilot market in carbon allowance futures as part of the Chinese capital’s push to green its financial system.
Read MoreChina set to rule out pilot allowances from national ETS, launch pushed to December -sources
China is set to cancel plans to allow emitters to import CO2 permits from the regional pilot emissions trading schemes into the national cap-and-trade programme, which now looks like it may be launched in December.
Read MoreChina’s Guangdong to expand power market
China’s southern manufacturing hub is planning to increase by 60% the amount of electricity trading on its nascent power exchange next year, imposing tougher competition on its ETS-regulated generators.
Read MoreCN Markets: Pilot market data for week ending Sep 29, 2017
Below is a table of the closing prices, ranges and volumes for China’s regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
Read MoreFormer Shell China emissions trader joins Statkraft
An emissions trader formerly with Shell has joined Statkraft to help the Norwegian state-owned power company expand its business in China.
Read MoreChina postpones Zero Emission Vehicle trading scheme until 2019
China has delayed by one year its auto industry ETS, a scheme to boost the use of so-called new energy vehicles (NEVs) by imposing sales and fuel efficiency targets on both domestic and international manufacturers.
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