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Trading in China’s carbon market now tipped to begin early 2021

Published 00:35 on November 23, 2020  /  Last updated at 01:10 on November 24, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

The first trades in China’s national emissions trading scheme are likely to take place early next year, an advisor to the government said over the weekend, meaning the country is likely to miss its 2020 target start date for the market, though compliance obligations are still set to be backdated to 2019.

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Exemptions cancel out stricter benchmark in new China ETS allocation plan

Published 15:50 on November 20, 2020  /  Last updated at 18:51 on November 20, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.

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China should ban new coal plants, aim for $30/t carbon price -report

Published 09:20 on November 20, 2020  /  Last updated at 09:20 on November 20, 2020  /  China, China's National ETS  /  No Comments

China needs to immediately halt construction of new coal-fired power plants and aim for a 200 yuan ($30) per tonne price of carbon in its emissions trading scheme to get on track to meeting its target of reaching net zero emissions by 2060, according to a report released Friday.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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ANALYSIS: Market braces for massive offset uptake in China’s carbon market

Published 11:37 on November 3, 2020  /  Last updated at 11:37 on November 3, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

Offset trading in China’s national ETS could hit 250-500 million units in the market’s first year once the government finalises rules and begins issuing new credits, according to traders and analysts.

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China releases draft rules for national CO2 emissions trading scheme

Published 07:03 on November 2, 2020  /  Last updated at 01:43 on November 3, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s Ministry for Ecology and Environment (MEE) on Monday released draft rules for its national ETS, as well as registry and settlement regulations, marking a major step towards launching the market.

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EXCLUSIVE: China wants offsets in ETS from start, opens door for financials

Published 14:19 on October 30, 2020  /  Last updated at 22:58 on October 30, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s environment ministry wants to allow the use of carbon credits from the start in the national emissions trading scheme, including from renewable energy projects, and to also open the door for financials to trade CO2 permits, according to draft government documents obtained by Carbon Pulse.

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Official hints at early access to offsets in China ETS, reaffirms 2019-20 obligation

Published 08:58 on October 28, 2020  /  Last updated at 23:11 on October 28, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

China is developing an offset mechanism for its national emissions trading scheme, a government official said Wednesday, reaffirming the market’s intended 2019-20 compliance obligation but not responding to questions on when the programme might see its first trades.

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Climate finance guidelines provide boost for financial traders in China ETS

Published 09:10 on October 26, 2020  /  Last updated at 09:10 on October 26, 2020  /  China, China's National ETS  /  No Comments

Key ministries and financial regulators have circulated a set of opinions on climate finance regulations in China, boosting prospects for domestic and foreign investors to trade CO2 allowances and the development of carbon-related financial products.

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China ETS set to start out with 8-8.5 billion allowances -analysts

Published 15:16 on October 19, 2020  /  Last updated at 23:53 on October 19, 2020  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China is likely to hand out 8-8.5 billion allowances for 2019 and 2020 when its emissions trading scheme eventually gets off the ground, starting off with a soft scheme that could be ramped up fairly quickly given the government’s recently announced climate ambitions, analysts said Monday.

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