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China environment ministry pitches carbon test for new projects

Published 10:56 on April 16, 2021  /  Last updated at 10:56 on April 16, 2021  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China’s ecology and environment ministry has proposed introducing a carbon impact assessment as part of the approval process for new energy intensive, high emitting projects as part of efforts to ensure the country meets its climate ambitions.

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China carbon market faces surplus of 1.56 bln allowances for 2019-20, analysts find

Published 00:01 on April 15, 2021  /  Last updated at 11:34 on April 14, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China is likely to have oversupplied its national emissions trading scheme by as much as 1.56 billion allowances for 2019 and 2020, pushing the fair value of permits in the market to zero.

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Tighter ETS settings could make huge difference for China’s power emissions -IEA

Published 09:37 on April 13, 2021  /  Last updated at 13:18 on April 13, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

An emissions trading scheme with steadily tightening benchmarks and increased use of auctioning could cut CO2 emissions from China’s power sector by over 1 billion tonnes by 2035, according to the International Energy Agency (IEA).

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CN Markets: CCER bids rise to nearly 30 yuan as national ETS launch looms

Published 12:44 on April 1, 2021  /  Last updated at 01:25 on April 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Interest in offsets is rising in China with traders taking punts on units they think will be eligible in the national ETS, while Chongqing and Guangdong performed best among the regional pilot markets over the past month.

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China sets year-end compliance deadline for 2019, 2020 ETS emissions

Published 12:43 on March 30, 2021  /  Last updated at 12:44 on March 30, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

More than 2,200 power companies covered by China’s national emissions trading scheme will have to surrender allowances for their 2019 and 2020 CO2 emissions by Dec. 31, the government said Tuesday.

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China prepares to give emissions trading scheme a legislative foundation

Published 07:57 on March 30, 2021  /  Last updated at 09:11 on March 30, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s Ministry of Ecology and the Environment (MEE) on Tuesday released draft legislation that aims to write the national ETS into law, a move that would bolster the scheme’s authority and enable the government to hand out stricter penalties for non-compliance.

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China moves to bolster data weak spots for carbon market

Published 14:43 on March 29, 2021  /  Last updated at 14:43 on March 29, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s environment ministry on Monday released new rules designed to prevent false reporting of emissions under its national CO2 trading scheme, targeting dozens of state-owned enterprises that have tasked their own subsidiaries with verifying their CO2 output.

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Beijing positions itself as hub for China’s voluntary carbon trade

Published 11:11 on March 24, 2021  /  Last updated at 11:11 on March 24, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Beijing plans to set up a trading centre for voluntary carbon trading, the municipal government said Wednesday, a move seen as positioning the capital as the key hub for the voluntary market after Shanghai landed the right to serve the national compliance market.

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Even quickly rising carbon prices not sufficient for China to meet climate goals, says investment bank

Published 14:25 on March 23, 2021  /  Last updated at 16:05 on March 23, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China needs rapidly rising prices in its emissions trading scheme and a modest carbon tax for non-covered sectors in order to stand a chance of meeting its climate ambitions, but even then it will have to rely on technological progress, one of the country’s top investment banks said Tuesday.

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Latest carbon market ETF sees managed assets more than triple year-to-date

Published 23:49 on March 19, 2021  /  Last updated at 22:37 on March 21, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Bavardage, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, UK ETS, US, Voluntary Market  /  No Comments

Total assets under management by the newest carbon market ETF have more than tripled since the start of the year, in a further sign of investors rushing to gain exposure in this burgeoning asset class.

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