Guangdong, Fujian release 2020 ETS allocation plans, raising questions about national market overlap
Guangdong province continues to tighten ETS settings for companies while Fujian has again declined to reveal its total handouts, according to 2020 allocation plans released Friday that include coal power plants, raising questions about whether the facilities will be excluded from the national market.
Read MoreChina’s failure on steel regulations leads to massive excess emissions -report
China’s failure to implement announced capacity regulations for the steel sector will result in additional CO2 emissions of some 200 million tonnes this year, researchers said Thursday, a case likely to raise fresh concerns on CO2 reporting in the country’s ETS.
Read MoreTrading in China’s carbon market now tipped to begin early 2021
The first trades in China’s national emissions trading scheme are likely to take place early next year, an advisor to the government said over the weekend, meaning the country is likely to miss its 2020 target start date for the market, though compliance obligations are still set to be backdated to 2019.
Read MoreExemptions cancel out stricter benchmark in new China ETS allocation plan
China’s environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.
Read MoreChina should ban new coal plants, aim for $30/t carbon price -report
China needs to immediately halt construction of new coal-fired power plants and aim for a 200 yuan ($30) per tonne price of carbon in its emissions trading scheme to get on track to meeting its target of reaching net zero emissions by 2060, according to a report released Friday.
Read MoreANALYSIS: Market braces for massive offset uptake in China’s carbon market
Offset trading in China’s national ETS could hit 250-500 million units in the market’s first year once the government finalises rules and begins issuing new credits, according to traders and analysts.
Read MoreChina releases draft rules for national CO2 emissions trading scheme
China’s Ministry for Ecology and Environment (MEE) on Monday released draft rules for its national ETS, as well as registry and settlement regulations, marking a major step towards launching the market.
Read MoreEXCLUSIVE: China wants offsets in ETS from start, opens door for financials
China’s environment ministry wants to allow the use of carbon credits from the start in the national emissions trading scheme, including from renewable energy projects, and to also open the door for financials to trade CO2 permits, according to draft government documents obtained by Carbon Pulse.
Read MoreOfficial hints at early access to offsets in China ETS, reaffirms 2019-20 obligation
China is developing an offset mechanism for its national emissions trading scheme, a government official said Wednesday, reaffirming the market’s intended 2019-20 compliance obligation but not responding to questions on when the programme might see its first trades.
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