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Shenzhen eyes absolute cap, auctions in ETS overhaul

Published 13:39 on June 11, 2021  /  Last updated at 13:39 on June 11, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

An absolute cap on ETS emissions and allowance auctions that would generate revenue for a new fund are among proposals released by Shenzhen’s government as the city seeks to overhaul its carbon market to align it with China’s national climate ambitions.

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China carbon market to face early test from expected power shortages

Published 14:26 on June 7, 2021  /  Last updated at 14:26 on June 7, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Heat waves and booming industrial production are expected to cause power shortages in a number of Chinese provinces this summer, putting the nation’s emissions trading scheme to an early test of whether it is able to control spikes in greenhouse gas emissions.

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China govt agencies back Beijing as carbon offset market hub

Published 11:59 on June 2, 2021  /  Last updated at 11:59 on June 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Eight major government agencies and institutions have encouraged Beijing to set up an offset trading platform in its pilot free trade zone to act as the centre for the Chinese carbon credit market.

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CN Markets: CCER volumes fall in May as investors take break

Published 12:10 on June 1, 2021  /  Last updated at 10:25 on June 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Domestic offset prices in China’s carbon market remained firm throughout May, though volumes halved as investors took a step back after liquidity had spiked the previous month, while most of the action in the pilot schemes again took place in Guangdong.

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China limits price movements, off-screen trade levels for ETS -exchange

Published 07:47 on May 28, 2021  /  Last updated at 08:45 on May 28, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China will set a 10% limit on daily price movements in its emissions trading scheme, while block trades will have to stay within 30% of on-screen prices, the chairman of the carbon exchange in Shanghai told local media on Friday.

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World sees 18% increase in global carbon pricing revenue in 2020 -World Bank

Published 18:29 on May 25, 2021  /  Last updated at 20:24 on May 25, 2021  /  Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, China's National ETS, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Zealand, REDD, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Government revenue from global carbon pricing instruments swelled by almost a fifth last year as programmes largely withstood the impact of the coronavirus crisis, according to an annual report released Tuesday by the World Bank.

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China looking to add two sectors to ETS next year -exchange

Published 03:57 on May 24, 2021  /  Last updated at 00:23 on May 25, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China is looking to bring two more sectors into its national emissions trading scheme from next year, according to the chairman of the carbon exchange in Shanghai.

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China releases trading, registry rules to finalise ETS puzzle

Published 13:26 on May 19, 2021  /  Last updated at 13:26 on May 19, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s environment ministry on Wednesday released rules for registry, trading, and settlement under its national carbon market, the last piece of the ETS puzzle, though important details were left for the exchange to complete.

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China carbon trader leaves Engie to lead US commodity firm’s Singapore environmental desk

Published 15:16 on May 18, 2021  /  Last updated at 15:24 on May 18, 2021  /  Asia Pacific, Bavardage, China, China's National ETS, China's Offset Market, Voluntary Market  /  No Comments

Engie’s former head of carbon and power trading in China has left to take over as head of environmental product trading in Asia for a US-headquartered commodities merchant, in the latest sign that the CO2 trading job market in the Asia-Pacific region is heating up.

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ANALYSIS: Destined for a bumpy road, Chinese carbon traders go carefully into the ETS

Published 14:41 on May 18, 2021  /  Last updated at 02:11 on May 19, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Heralded as the ‘world’s biggest carbon market” for almost a decade, China’s national emissions trading scheme will likely be more modest than most of its peers when trading begins around a month from now, but stakeholders think the market might still hold a few surprises.

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