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ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later

Published 17:49 on September 24, 2020  /  Last updated at 17:49 on September 24, 2020  /  China, China's National ETS, China's Offset Market, International, Voluntary Market  /  No Comments

President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially.

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China commits to peaking GHG emissions before 2030, carbon neutrality before 2060

Published 16:54 on September 22, 2020  /  Last updated at 23:13 on September 23, 2020  /  China, China's National ETS, Climate Talks, International  /  No Comments

China will strengthen its climate policies, strive to peak its emissions before 2030, and become carbon neutral before 2060, President Xi Jinping told the UN General Assembly Tuesday in a surprise move that signals a significant step-up in climate ambition for the world’s biggest emitter.

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China’s State Council backs voluntary offset exchange

Published 13:55 on September 21, 2020  /  Last updated at 21:42 on September 21, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.

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EU and China agree to keep talking on climate ambition after leaders meet

Published 19:00 on September 14, 2020  /  Last updated at 22:14 on September 14, 2020  /  China, China's National ETS, EMEA, EU ETS, International  /  No Comments

China and the EU have agreed to establish a regular high-level dialogue to further discuss the extent to which Beijing can raise its climate ambition, EU leaders confirmed on Monday after talks with President Xi Jinping.

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China posts first positive power consumption numbers for 2020

Published 12:40 on September 14, 2020  /  Last updated at 00:00 on September 15, 2020  /  China, China's National ETS  /  No Comments

China’s year-to-date total power consumption at the end of August stood 0.5% above the same period in 2019, government data showed Monday, the first time this year the nation has posted positive numbers as the world’s biggest-emitting economy continues to recover from the COVID-19 pandemic.

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EU to press China to toughen climate targets, halt new coal plants

Published 19:19 on September 11, 2020  /  Last updated at 23:40 on September 11, 2020  /  China, China's National ETS, EMEA, EU ETS, International  /  No Comments

The EU will urge China to ramp up its climate efforts in three key areas at a high-level meeting on Monday, EU officials said Friday, as the bloc aims to raise the ambition of the world’s largest-emitting country.

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New alliance eyes carbon hub spanning Guangdong, Hong Kong, Macao

Published 14:19 on September 7, 2020  /  Last updated at 17:42 on September 7, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

Financial organisations in China’s Guangdong province and territories of Hong Kong and Macao have founded a ‘Green Finance Alliance’ that has developing a regional carbon trading market as one of its major ambitions.

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China’s environment ministry opposes carbon futures market -reports

Published 11:28 on September 3, 2020  /  Last updated at 08:06 on September 4, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s environment ministry is opposing an initiative to list carbon contracts on a futures exchange in Guangdong province, preferring instead to focus on developing the nation’s spot emissions market, according to local news reports.

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China performs first test of national ETS registry

Published 12:12 on August 26, 2020  /  Last updated at 00:45 on August 27, 2020  /  China, China's National ETS  /  No Comments

The Hubei Emissions Exchange has carried out a first live test of the registry that will serve China’s national carbon market, one of the major hurdles China must clear before it can launch the scheme.

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EXCLUSIVE: China aims for 2019 compliance start in draft ETS plan -sources

Published 14:26 on August 21, 2020  /  Last updated at 22:05 on August 21, 2020  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China plans to backdate the start of compliance obligations to Jan. 1, 2019 for its national emissions trading scheme, according to several sources who have seen a draft allocation plan circulated by the environment ministry this week.

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