China hints at lower CO2 permit allocations for emitters late to submit data
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.
Read MoreWorld Bank loan to bolster China’s fledgling forest carbon market
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.
Read MoreCOP25: Pakistan takes step towards domestic carbon market, offset link with China
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.
Read MoreSurvey shows modest expectations to China’s national ETS
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.
Read MoreChina ETS allowances could balloon to over 4 bln tonnes in first year -analysts
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.
Read MoreChina’s Shanxi launches forest carbon pilot programme
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.
Read MoreChina coal merger plan increases risk of ETS overallocation, experts say
China plans to merge major power companies and shut down outdated coal power capacity over two years, documents published over the weekend showed, a move experts say would cut emissions but increase the likelihood of overallocation when the government launches its ETS next year.
Read MoreChina lashes out at EU carbon border adjustment initiative ahead of climate talks
China on Wednesday said an EU plan to impose carbon border adjustments on nations failing to act on climate change would “seriously undermine” international efforts to fight global warming.
Read MoreWorld on track to put record 3% dent in coal consumption -report
Global electricity production from coal is on track for a record drop of 3% year-on-year in 2019 amid lower electricity demand and a rapid increase in renewables and nuclear power, a report said Monday, with even numbers in China falling.
Read MoreChina’s Tianjin to extend, expand emissions trading market
China’s Tianjin municipal government is circulating draft regulations for public comment that would extend the life of its emissions trading scheme by five years, and is also planning to expand coverage to align with the long-term plans for the national cap-and-trade programme.
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