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Doubts emerge for China ETS launch amid new leadership, virus outbreak

Published 10:59 on January 23, 2020  /  Last updated at 23:44 on January 23, 2020  /  China, China's National ETS  /  No Comments

Uncertainty is emerging over the amount of progress China will make on its national emissions trading scheme this year, as responsibility for the key climate policy this week shifted to a new senior government official, while the outbreak of the Coronavirus raises risks of a policy standstill.

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World’s carbon markets grow 34% in value to $215 billion in 2019 -report

Published 21:34 on January 22, 2020  /  Last updated at 11:45 on January 23, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, China's National ETS, China's Offset Market, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.

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China coal-powered generation rise paves way for bumper CO2 allocation

Published 11:27 on January 22, 2020  /  Last updated at 00:17 on January 23, 2020  /  China, China's National ETS  /  No Comments

China’s coal-fired power generation rose 1.7% in 2019 and is set to grow further this year, according to the main power sector industry lobby group, paving the way for CO2 allocation in the national emissions trading scheme to be nearly triple that of the EU market.

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No cap will make China’s carbon market less efficient -report

Published 10:27 on January 15, 2020  /  Last updated at 10:27 on January 15, 2020  /  China, China's National ETS  /  No Comments

China’s decision to make its ETS intensity-based rather than having an absolute CO2 cap will make emission cuts more expensive, according to researchers, who say the system can still achieve significant reductions.

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China hints at lower CO2 permit allocations for emitters late to submit data

Published 10:39 on January 8, 2020  /  Last updated at 10:40 on January 8, 2020  /  China, China's National ETS  /  No Comments

China’s environment ministry has ordered power plants set to be included in the national emissions trading scheme to provide 2019 data that will be used as basis for the allocation of CO2 allowances, signalling that those that miss the May 31 deadline will receive fewer permits.

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World Bank loan to bolster China’s fledgling forest carbon market

Published 02:25 on December 20, 2019  /  Last updated at 20:31 on December 20, 2019  /  China, China's National ETS, China's Offset Market  /  No Comments

The World Bank has agreed to fund almost a quarter of a Chinese government forest ecosystem programme in the upper Yangtze region set to store some 23.5 million tonnes of CO2 over the next three decades and supply carbon credits to the national emissions trading scheme.

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COP25: Pakistan takes step towards domestic carbon market, offset link with China

Published 15:44 on December 10, 2019  /  Last updated at 12:31 on December 11, 2019  /  Asia Pacific, China, China's National ETS, China's Offset Market, Other APAC  /  No Comments

Pakistan has set up a national committee to assess the role and scope of a potential domestic carbon market as well as entering into a bilateral deal that could see the nation supply offsets to China’s national emissions trading scheme.

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Survey shows modest expectations to China’s national ETS

Published 01:00 on December 9, 2019  /  Last updated at 21:40 on December 8, 2019  /  China, China's National ETS  /  No Comments

China’s national emissions trading scheme is likely to start off with low prices next year and only play a moderate role in the nation’s overall policy mix to control greenhouse gas emissions over the next decade, according to a survey released Monday.

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China ETS allowances could balloon to over 4 bln tonnes in first year -analysts

Published 11:58 on December 5, 2019  /  Last updated at 23:42 on December 5, 2019  /  China, China's National ETS  /  No Comments

China may issue as many as 4.4 billion CO2 allowances in the first year of its national emissions trading scheme, some 30% more than previously thought as the number of participants has swelled, analysts said Thursday.

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China’s Shanxi launches forest carbon pilot programme

Published 18:16 on December 4, 2019  /  Last updated at 23:41 on December 4, 2019  /  Aviation/CORSIA, China, China's National ETS, China's Offset Market, International  /  No Comments

Shanxi has become the latest Chinese province to launch a programme for generating forest carbon credits, local media reported, a move that could see its offsets gain eligibility in the nation’s ETS and even eventually in ICAO’s CORSIA aviation scheme as part of China’s new voluntary programme.

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