CN Markets: CEA trading grinds to a halt as compliance deadline passes
Sentiment in the Chinese carbon market has fallen off a cliff in recent days after the completion of the annual compliance deadline, with permits trading below 95 yuan ($12.96) over the past week.
Read MoreChina thermal power growth slows in 2024, coal outputs reach record high
Growth in China’s thermal power generation in 2024 slowed from the previous year, buy annual production of coal and gas both reached new record highs, according to government data published Friday.
Read MoreNuclear resurgence locked and loaded as SMRs lead the way to a new finance era -IEA
Nuclear energy is set to see a resurgence for a complex conflagration of drivers including decarbonisation plans coupled with the need for reliable baseload power, new electricity demand from the computing sector, nations’ interest in energy self-sufficiency, and a projected fall in costs for new types of nuclear energy like small modular reactors (SMRs), according to the International Energy Agency (IEA).
Read MoreEx-Polish minister proposes massive EU fund to sustain clean industries
The EU should create a new fund to stave off the existential threat of Chinese and American competition while moving closer to the bloc’s climate neutrality objectives, according to former Polish Climate Minister Marcin Korolec.
Read MoreResearchers flag gaps in nature-related disclosures in Asia-Pacific
A study on corporate reporting in the Asia-Pacific region has found that only a quarter of surveyed companies believe biodiversity issues impact their business, with South Korea, Vietnam, and China among the countries with the biggest gaps in nature-related disclosures.
Read MoreChina’s Hunan releases rules for local forest carbon scheme
Landlocked Hunan province has become the latest region in China to announce guidelines for the development of its own forest carbon credit scheme.
Read MoreTNFD sets sight on China as first bank in the country joins taskforce
Bank of China has become the first Chinese financial institution to join the Taskforce on Nature-related Financial Disclosures (TNFD) in a move expected to pave the way for enhanced corporate reporting in the Asian country.
Read MoreTailored climate finance policies seen key to emissions cuts, but barriers persist
Climate-related financial policies (CRFPs) have shown significant progress in reducing carbon emissions and boosting renewable energy production, particularly in advanced economies, though barriers remain in developing nations.
Read MoreCN Markets: CEA price continues to fall, CCER credit issuance slower than expected
Prices in China’s national emissions market continued to fall over the past week with decreasing trading volumes, while observers remained cautious about the supply outlook of the long-stalled offset market, given the slower-than-expected project registration progress.
Read MoreCurrent inventories may underestimate methane emissions from Chinese coal mines, research says
Existing emission inventories may underestimate methane emissions from China’s coal mines, partly because of their reliance on aggregated statistical data, according to a recent report using satellite-based monitoring methods.
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