China’s Huaneng bullish on revenue potential from new REC scheme
China’s new renewable energy certificate (REC) trading scheme is likely to boost clean power consumption and create a steady revenue stream for low-carbon generators, the renewables arm of China’s second biggest coal producer Huaneng said Wednesday.
Read MoreChina reportedly preparing fresh restrictions on coal imports, putting lid back on CO2
China is likely to reintroduce restrictions on coal imports in the coming months in an effort to balance increasing production in domestic mines while clamping down on oversupply, according to domestic trade media.
Read MoreChina meets Copenhagen climate target early, vows to stick with ETS despite govt re-shuffle, delays
China has already met its 2020 carbon intensity target, according to a senior climate change official who also stressed that the country will continue building its national emissions trading scheme despite the recent government shuffle.
Read MoreCN Markets: Pilot market data for week ending Mar. 23, 2018
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 outlines rules for mandatory REC market
China’s National Energy Administration (NEA) on Friday released draft rules for a mandatory renewable energy certificate (REC) market, handing two sets of targets to provinces that they will distribute to covered power suppliers and large industrial users.
Read MoreChina ups ante on energy consumption control, threatens penalties
China has issued an amendment to its energy consumption regulations that gives the government more authority to impose caps on thousands of “key energy users” and to sanction those failing to meet their targets.
Read MoreChina’s HFC-23 producers gear up for annual pay-out, as subsidies continue to eclipse lost CER revenues
Carbon credits from HFC-23 projects were banned from most of the world’s carbon markets in 2013 amid concerns over market manipulation, but Chinese HFC-23 projects still earn almost twice as much as projects still selling UN-issued offsets thanks to a government subsidy programme.
Read MoreCN Markets: Pilot market data for week ending Mar. 16, 2018
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 MPs call on govt to speed ETS launch, merge CO2 with energy consumption trade
Delegates at China’s National People’s Congress (NPC) have urged the government to speed up the launch of the national emissions trading scheme and merge it with the planned energy consumption trading system.
Read MoreChina to merge climate change, ETS into new ministry in major government shuffle
China will move its climate change office into a new Ecological Environment Ministry, the government said Tuesday, creating further uncertainty around the implementation of its national emissions trading scheme.
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