Guangdong auction settles above secondary market
Guangdong’s third CO2 permit auction for the 2016 compliance year held Monday was oversubscribed by 50% and cleared above secondary market prices, according to an announcement from the China Emissions Exchange in Guangzhou.
Read MoreCN Markets: Pilot market data for week ending Mar 24, 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 MoreChina’s national ETS may start without access to offsets -sources
China could rule out the use of offsets when it launches its national emissions trading scheme later this year in a bid to bolster demand for allowances, according to sources familiar with the situation, a move that would also cut off potential funding for thousands of domestic carbon-cutting projects.
Read MoreChina’s most polluted province sets CO2 target but emissions set to rise
China’s Hebei province has pledged to cut its carbon intensity by a fifth and lean on neighbouring Beijing in building a carbon market, but absolute emission levels are set to increase as industrial output is capped at levels above current production.
Read MoreIn blow to developers, China confirms freeze to carbon offset pipeline
China has halted the processing of its offset pipeline, regulators said this week, confirming what many developers had suspected while addressing the uncertainty that has both plagued the market over the past few months and created a bottleneck of hundreds of carbon-cutting projects.
Read MoreCN Markets: Pilot market data for week ending Mar 17, 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 MoreChina accredits two more carbon credit verifiers
China has awarded accreditation to two more verifiers of carbon-cutting projects, market regulators said Thursday, in a bid to further enhance the quality of Chinese offsets generated from domestic initiatives.
Read MoreChina’s Guangdong to hold auction on Mar. 27
Guangdong plans to auction half a million carbon permits on Mar. 27, equal to the amount supplied in its previous two quarterly auctions, according to Guangdong’s carbon exchange.
Read MoreCN Markets: Pilot market data for week ending Mar. 10, 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 MoreShanghai pledges CO2 peak around 2025
China’s financial centre Shanghai, eager to keep its local emissions trading scheme alive beyond this year, has vowed to peak its CO2 output around 2025 and eventually decarbonise its industry by investing in green technologies, the municipal government said.
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