EU and China agree to keep talking on climate ambition after leaders meet
China and the EU have agreed to establish a regular high-level dialogue to further discuss the extent to which Beijing can raise its climate ambition, EU leaders confirmed on Monday after talks with President Xi Jinping.
Read MoreChina posts first positive power consumption numbers for 2020
China’s year-to-date total power consumption at the end of August stood 0.5% above the same period in 2019, government data showed Monday, the first time this year the nation has posted positive numbers as the world’s biggest-emitting economy continues to recover from the COVID-19 pandemic.
Read MoreEU to press China to toughen climate targets, halt new coal plants
The EU will urge China to ramp up its climate efforts in three key areas at a high-level meeting on Monday, EU officials said Friday, as the bloc aims to raise the ambition of the world’s largest-emitting country.
Read MoreNew alliance eyes carbon hub spanning Guangdong, Hong Kong, Macao
Financial organisations in China’s Guangdong province and territories of Hong Kong and Macao have founded a ‘Green Finance Alliance’ that has developing a regional carbon trading market as one of its major ambitions.
Read MoreChina’s environment ministry opposes carbon futures market -reports
China’s environment ministry is opposing an initiative to list carbon contracts on a futures exchange in Guangdong province, preferring instead to focus on developing the nation’s spot emissions market, according to local news reports.
Read MoreChina performs first test of national ETS registry
The Hubei Emissions Exchange has carried out a first live test of the registry that will serve China’s national carbon market, one of the major hurdles China must clear before it can launch the scheme.
Read MoreEXCLUSIVE: China aims for 2019 compliance start in draft ETS plan -sources
China plans to backdate the start of compliance obligations to Jan. 1, 2019 for its national emissions trading scheme, according to several sources who have seen a draft allocation plan circulated by the environment ministry this week.
Read MoreHubei CO2 permit number swells as more firms brought in
China’s Hubei province will issue 270 million CO2 allowances to its ETS participants for 2019, according to its newly released allocation plan, marking a significant jump from previous years as more than 30 new emitters are being brought into the scheme.
Read MoreChina’s virus response raises concerns over climate role in 5-year plan -study
China’s response to the COVID-19 crisis has not been as carbon intensive as some had feared, but the backseat role given to environmental issues is raising concerns over the climate content of the forthcoming 14th five-year plan, according to a study published Thursday.
Read MoreNew US-listed carbon ETF launched amid growing investor interest
A new US-listed exchange-traded fund (ETF) that tracks carbon prices in three markets was launched Thursday, allowing retail investors for the first time to indirectly hold cross-continental stakes in cap-and-trade schemes.
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