CN Markets: CCERs see compliance demand boost as emitters aim to bank carbon allowances
Trading activity in China’s carbon market rose in the past week as an increasing amount of compliance entities chased offset credits in order to be able to hold on to their allowances for use in future years, though prices remained fairly stable.
Read MorePower generators dominate as analysts release first company-level list of major Chinese emitters
Analysts have compiled and released for the first time a list of CO2 emissions from 100 listed Chinese companies, dominated by a group of power companies each releasing hundreds of millions of tonnes into the atmosphere every year.
Read MoreChina announces $31-bln facility to support “clean” coal
China’s State Council has set up a 200-billion yuan ($31.4 bln) lending facility aimed at improving coal production and consumption efficiency.
Read MoreCN Markets: CEAs stable with little sign of pre-compliance volatility
Prices and volumes in China’s national carbon market remained relatively stable again over the past week, with little indication of impending pre-compliance volatility.
Read MoreChinese emitters forced to chase scarce supply after ignoring CO2 verification requirements
A number of Chinese power plants unexpectedly face a shortage of allowances in the national CO2 trading scheme after neglecting to finalise the verification process for their 2019 emissions, according to market participants.
Read MoreCOP26: ‘Game-changing’ China-US declaration promises work on near-term GHG curbs
China and the US pledged stronger cooperation to curb CO2 and methane emissions in the 2020s in a joint statement late on Wednesday, a move some experts said drastically boosted the chances of a good COP26 deal in Glasgow and more climate ambition within the next few years.
Read MorePower market reform paves way for tense inclusion of industry in China ETS
The power pricing reform announced by China last month has seen industrial electricity prices rise by up to 75% in some regions, leading some analysts to question whether heavy industry such as aluminium production should be brought into the national emissions trading scheme.
Read MoreChina’s central bank unveils new lending policy to fund decarbonisation
The People’s Bank of China (PBOC) has unveiled a new lending policy to provide cheaper funding to carbon reduction efforts, a move analysts say can inject at least a trillion yuan ($160 billion) into the market.
Read MoreChina carbon futures trading likely to go ahead after government nod
Carbon trading at the newly established Guangzhou Futures Exchange looks likely to move forward after being endorsed by a group of major government agencies, though it remains unclear which units will be on offer.
Read MoreCN Markets: Trading volumes rise in China’s carbon market as compliance deadline nears, but prices stable
There was a significant uptick in allowance and offset trading volumes in China’s market over the past week with the 2019 and 2020 compliance deadline now just six weeks away, but price movement was limited.
Read More