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China thermal power generation rises 8.4% in 2021

Published 06:55 on January 17, 2022  /  Last updated at 06:55 on January 17, 2022  /  China, China's National ETS  /  No Comments

China’s thermal power generation rose 8.4% in 2021, government data showed Monday, with the nation’s Covid recovery causing a surge in carbon emissions.

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CN Markets: CEAs stable as traders await allocation plan

Published 09:11 on January 14, 2022  /  Last updated at 11:53 on January 14, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

Chinese carbon allowance prices remained largely stable over the past week as market participants await the official allocation plan for 2021, while offsets are being offered at far above market prices amid severely limited supply.

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China plans regional carbon sink trading schemes in the northeast

Published 07:53 on January 12, 2022  /  Last updated at 08:21 on January 12, 2022  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, Voluntary Market  /  No Comments

China’s central government said Tuesday to establish carbon sink trading pilots in Inner Mongolia and Heilongjiang province in northeast China, two of China’s most forestry abundant regions.

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China’s CNOOC reaps windfall profits from ETS natural gas arrangements

Published 13:11 on January 10, 2022  /  Last updated at 13:11 on January 10, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.

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Analysts see room for rising prices in China ETS

Published 10:39 on January 10, 2022  /  Last updated at 10:39 on January 10, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s carbon market has considerable room for rising prices in this decade, though there is also a risk the value of CO2 allowances might stagnate depending on the market’s regulatory settings, according to analysts.

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PetroChina hires Statkraft origination boss to lead new global carbon team

Published 13:37 on January 7, 2022  /  Last updated at 13:37 on January 7, 2022  /  Americas, Bavardage, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

PetroChina has hired Statkraft’s head of environmental markets origination to build and lead a new global carbon trading division, Carbon Pulse has learned.

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CN Markets: CEAs hold firm after compliance deadline, but volume tanks

Published 10:09 on January 7, 2022  /  Last updated at 10:09 on January 7, 2022  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Chinese carbon allowance prices held firm this week, propped up by demand from companies that missed the Dec. 31 compliance deadline, but trading volumes plummeted.

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Ministry proposes minor cut in China ETS allocation

Published 09:07 on January 6, 2022  /  Last updated at 09:07 on January 6, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s environment ministry is proposing to reduce the number of CO2 allowances to be distributed under its national CO2 emissions trading scheme for 2021, but likely not enough of a cut to avoid another year of oversupply.

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CN Markets: Most Chinese companies meet ETS deadline amid late price spike

Published 02:23 on January 4, 2022  /  Last updated at 02:23 on January 4, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

Allowance prices in China’s national carbon market rose to nearly $10 amid a flurry of trading activity in the last week of the year, which eventually saw 99.5% of market participants meet their compliance deadline for 2019 and 2020.

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CN Markets: CEA price ticks up as compliance rush continues, but muddy outlook for CCERs

Published 11:21 on December 23, 2021  /  Last updated at 11:22 on December 23, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Chinese CO2 allowances rose to a fresh four-month high this week as some companies continued buying units to finalise their compliance, while the uncertainties surrounding the future of the domestic offset market drove speculation of possible institutional changes.

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