Rural China bank wades into carbon financing amid govt encouragement
A rural bank in China’s Guangdong province has agreed a loan to a small, privately-owned cement company using carbon permits as collateral, one of the first small lenders to pick up on government encouragement to make use of the nation’s emerging environmental commodity markets.
Read MoreAluminium smelters object to uniform CO2 benchmarking in China ETS
Chinese aluminium smelters say the government’s plan to use one uniform benchmark for the sector to allocate CO2 permits under the national emissions trading scheme is unfair and favours some regions over others.
Read MoreCoal, cement first up as China’s Fujian plans energy consumption trading scheme
Coal-fired power plants and cement manufacturers are set to be regulated when China’s Fujian province later this year rolls out one of four planned pilot energy consumption permit trading schemes.
Read MoreChina’s Hebei to make major manufacturing cuts under pollution curbs
One of China’s major industrial hub provinces will cut manufacturing in some ETS sectors during winter to curb air pollution, a move that might contribute to oversupply in the national emissions trading scheme.
Read MoreChinese generator under fire for funding coal plant with green bonds
A Tianjin-based power generator has won regulator permission to issue green bonds worth 1 billion yuan ($150 million) and use the proceeds to fund a coal-fired power plant, drawing criticism from climate campaigners.
Read MoreCN Markets: Pilot market data for week ending Aug. 4, 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: Chongqing prices, volumes spike despite unknown compliance requirements
The normally dormant Chongqing emissions market saw more transactions than all the other pilot markets combined on Thursday, as prices for the cheap local allowances rose some 20% despite traders remaining in the dark regarding 2016 compliance.
Read MoreInefficient coordination a major threat to China ETS success, experts warn
A lack of coordination between government bodies is impeding progress in developing China’s national emissions trading scheme and could hurt the programme’s chances of success, experts have warned.
Read MoreCN Markets: Hubei CO2 prices plummet ahead of compliance deadline
Hubei CO2 allowance prices are plummeting ahead of Friday’s last-chance for emitters to comply.
Read MoreChinese power giant sets up carbon trading desk ahead of ETS launch
China Guodian Group, one of the country’s biggest coal-fired power generators, is setting up a carbon desk to handle emissions trading for all of its 103 subsidiaries that will be brought into the national cap-and-trade system.
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