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China updates draft rules for mandatory REC scheme, announces 2019 start

Published 10:49 on November 15, 2018  /  Last updated at 10:49 on November 15, 2018  /  China, China's National ETS  /  No Comments

China will launch its mandatory renewable energy certificate (REC) scheme next year, the National Energy Administration (NEA) said as it this week rolled out updated draft rules for what will be the first of several planned national market mechanisms to cut carbon emissions and reduce energy use.

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China holds firm on bringing major industry sectors into its ETS

Published 13:59 on October 30, 2018  /  Last updated at 14:01 on October 30, 2018  /  China, China's National ETS, China's Offset Market  /  No Comments

China still plans to bring emissions-intensive manufacturing industries into its national ETS as soon as possible as it is set to start the programme with only the power sector, an official said Tuesday.

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China’s Hebei to launch carbon offset market

Published 08:48 on October 15, 2018  /  Last updated at 02:04 on October 16, 2018  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s Hebei will launch a pilot voluntary carbon offset market across five cities by the end of the year, which could be implemented province-wide by 2020 with a view to making the credits eligible for compliance use for local industry in the national emissions trading scheme.

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ETS back on agenda as China clarifies ministry role

Published 10:46 on October 12, 2018  /  Last updated at 23:23 on October 12, 2018  /  China, China's National ETS  /  No Comments

China’s environment ministry has clarified the structure and role of its climate change division, adding the construction of the national emissions trading scheme to its list of duties after omitting the ETS from an initial overview published last month.

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China’s coal habit puts energy firms at massive financial risk -report

Published 00:01 on October 11, 2018  /  Last updated at 23:41 on October 10, 2018  /  China, China's National ETS  /  No Comments

China’s top generators risk losing nearly $400 billion in stranded assets by 2040 if they don’t step up the retirement rate of coal-fired power plants, a report said Wednesday.

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China on track to add US-sized fleet to coal capacity -report

Published 09:30 on September 26, 2018  /  Last updated at 22:42 on September 26, 2018  /  China, China's National ETS  /  No Comments

China has 259 GW of new coal-fired power generation capacity under construction, equivalent to the total US coal plant fleet, despite Beijing’s efforts to hold back carbon-intensive development, a report found on Wednesday.

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New ministry set-up raises questions over China’s ETS

Published 11:44 on September 13, 2018  /  Last updated at 03:32 on September 14, 2018  /  China, China's National ETS  /  No Comments

China this week finalised the structure of its new super ministry for the environment without a mention of the national emissions trading scheme and with the climate change division stripped of some of its responsibilities.

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China makes fresh reassurances on carbon credits

Published 10:33 on September 5, 2018  /  Last updated at 16:54 on September 5, 2018  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s Ministry of Ecology and Environment (MEE) will support the revamp of the country’s carbon credit programme as soon as possible to ensure offsets will be eligible in the national emissions trading scheme, Vice Environment Minister Zhuang Guotai said Wednesday.

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China’s nascent power market sees small gains in electricity share

Published 11:07 on August 29, 2018  /  Last updated at 01:51 on August 30, 2018  /  China, China's National ETS  /  No Comments

Nearly a quarter of China’s H1 2018 electricity traded in the recently-established regional power markets, according to data from the China Electricity Council, as the nation took another small step away from the government pre-planned dispatch pattern that observers say would make a carbon price less effective.

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Ant Financial, BAIC Group take stakes in Beijing climate exchange

Published 10:20 on August 17, 2018  /  Last updated at 20:10 on August 17, 2018  /  China, China's National ETS, China's Pilot Markets  /  No Comments

Chinese investor Ant Financial and automaker BAIC Group have bought shares in the Beijing Environmental Exchange, increasing the bourse’s registered capital by 67% to 500 million yuan ($72.7 mln).

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