Baosteel subsidiary launches tender to offload surplus CO2 permits
A subsidiary of Baosteel, China’s biggest steel maker, has issued a tender to sell 300,000 Guangdong Emissions Allowances in a move observers say is a result of the government’s efforts to slash overcapacity in the steel sector.
Read MoreCN Markets: Pilot market data for week ending Dec. 09, 2016
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreChina tangles with carbon accounting guidelines as ETS launch nears
China is drawing up carbon accounting guidelines for ETS participants in a move some observers hope will improve transparency for what will become the world’s biggest emissions trading market.
Read MoreChina’s Fujian to complete CO2 allocation this week to 277 companies
The carbon market scheduled to launch next week in Fujian will regulate CO2 emissions from 277 companies, the provincial government said Wednesday, with local branches of several of China’s biggest energy corporations to be included.
Read MoreLiquidity remains concern as Shanghai exchange preps for forward trading
The Shanghai carbon exchange has closed a two-week simulation trade exercise attracting 71 participants in preparation to launch China’s second forward CO2 contract later this month, but liquidity remains a concern to investors looking for demand from utilities.
Read MoreCN Markets: Pilot market data for week ending Dec. 3, 2016
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreCN Markets: Investors push up Chinese pilot prices, expecting utility demand hike later
Several of China’s pilot carbon markets are seeing sharp price rises on small volumes as institutional investors buy ahead of an expected hike in utility demand next year, according to traders.
Read MoreCN Markets: Pilot market data for week ending Nov. 25, 2016
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreConcerns grow that China’s staggered ETS compliance might fragment market
China’s plan to spread out ETS compliance deadlines for different sectors across the year to ensure stable trading volumes might backfire and instead lead to companies only trading within their sectors at potentially different price levels, according to observers.
Read MoreChinese carbon brokers push for role in emerging power market
Specialised carbon firms are expected to play a limited role in China’s cap-and-trade scheme in the early years, and several are now eyeing the country’s liberalising power market to offer a portfolio of energy and carbon services to big industrials.
Read More