CN Markets: CEA trading volumes rise, yet price rally stalls without policy catalyst
Trading volumes in China’s national emissions market improved over the past week, but permit prices remained stagnant in the absence of fresh policy updates.
Read MoreSK Market: KAUs hit three-year high, recover to KRW 20,000 mark as demand surges
South Korea’s carbon permit prices have climbed back to the KRW 20,000 ($13.30) level for the first time in three and a half years, driven by surging demand and leading analysts to upwardly revise their market forecasts.
Read MoreNZ ETS-covered industrial eyes restart
One of New Zealand’s industrial emitters is set to resume operations, it announced on Wednesday, following an early stage agreement to power the site with renewable energy.
Read MoreCN Markets: CEAs under pressure near RMB 80 mark as policy optimism fades
Prices in the Chinese emissions market drifted toward the RMB 80 ($11.15) mark last week despite stable trading volumes, leaving traders to question whether policy optimism will continue to support current levels.
Read MoreINTERVIEW: Asia’s emerging compliance markets should focus less on perfect design, more on getting started
Emerging emissions trading systems (ETSs) in Asia should not be judged too harshly if they struggle with low prices, weak liquidity, or technical glitches in their early years, according to an expert, who argued that even the world’s most established carbon markets evolved through repeated policy mistakes and reforms.
Read MoreAustralia Market Roundup: April ACCU issuances fall from March highs, vegetation still dominates
Australian carbon market issuances fell in April, but were still second highest this year after March, with vegetation and waste projects accounting for large shares of the total.
Read MoreShanghai lowers entry thresholds to pull more emitters into local carbon market
Shanghai is seeking to expand the coverage of its emissions trading scheme by lowering the entry threshold for certain industries as part of its ETS reform strategy through 2030.
Read MoreCN Markets: CEAs rebound to RMB 80 mark amid renewed policy expectations
China’s national emissions market climbed back above the RMB 80 mark in early May as liquidity improved, following government confirmation of a timeline to integrate financial institutions into the trading scheme.
Read MoreJapan’s GX-ETS to boost private international carbon purchases -report
Japan’s nascent carbon market has the potential to drive private sector demand for Article 6-aligned credits via the country’s Joint Crediting Mechanism (JCM), depending on future allowance allocation decisions, a report has found.
Read MoreNZ Market: NZUs ease down after rally draws sellers out
Prices in the New Zealand Emissions Trading Scheme (NZ ETS) have softened over the past week, under pressure from sellers who came to the market as it rallied at the start of May.
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