China coal cap warning holds little bite, observers say
Six major Chinese government agencies have issued a joint statement to dampen new coal plant investments, but according to analysts, the effort is unlikely to have any material impact on new coal-fired capacity this year.
Read MoreFossil fuels rise sharply as China recovery gets underway
Thermal power generation in China rose sharply last month, according to official data, indicating a rapid rebound in CO2 emission levels as the world’s second-biggest economy strives to get back on track.
Read MoreChina tipped to make last gasp ETS launch in 2020 as planned
China is expected to overcome coronavirus impacts and impose CO2 curbs on coal power stations as planned this year under its national emissions trading scheme, although observers say the market launch itself may well only happen in the very last days of 2020.
Read MoreChina extends key national ETS deadline
China has given provincial and regional authorities an additional two months to submit lists of companies in their jurisdictions that will be included in the national emissions trading scheme and their 2019 CO2 emissions data, extending the deadline to July 31 as the COVID-19 outbreak has made it difficult to stick to the original timetable.
Read MoreChina takes coal off green bond eligibility list, adds emissions trading services
Chinese companies will no longer be allowed to use the green bond market to finance efficient coal power plants, according to a proposal published Friday by the country’s central bank, but the debt instruments can be used to back service providers for carbon credit and renewable energy credit trading.
Read MoreChina coal integration plan raises questions for carbon market
China has announced major merger plans in the coal sector to pave the way for shutting down over-capacity, raising questions about its intensity-based approach to doling out CO2 allowances under its emissions trading scheme.
Read MoreLawmaker and solar tycoon calls for China to ditch ETS for carbon tax
China should drop its emissions trading scheme and instead introduce a carbon tax to raise revenue and boost renewable energy, a deputy delegate to China’s National People’s Congress who is also the CEO of a solar power firm said on Friday.
Read MoreChina govt agency makes clean energy push ahead of National Congress
China’s National Energy Administration (NEA) has released a draft mechanism for clean energy consumption that would expand its power market reform, in an announcement coming days before the annual National People’s Congress meets to address COVID-19 recovery and the next 5-year plan.
Read MoreVirus impacts to suppress EU ETS prices into 2021, but lawmaker will seen strong -survey
COVID-19 impacts will weigh on EUA prices into next year but not on EU lawmakers’ resolve to reform the market or wider climate policies, according to a survey published on Wednesday.
Read MoreChina ministerial pick seen as mixed bag for carbon market
China on Wednesday promoted vice minister Huang Runqiu to be its new ecology and environment (MEE) minister, a move observers say means preparation work for the national carbon market can continue but limits the ministry’s ability to shape policy.
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