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Even quickly rising carbon prices not sufficient for China to meet climate goals, says investment bank

Published 14:25 on March 23, 2021  /  Last updated at 16:05 on March 23, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China needs rapidly rising prices in its emissions trading scheme and a modest carbon tax for non-covered sectors in order to stand a chance of meeting its climate ambitions, but even then it will have to rely on technological progress, one of the country’s top investment banks said Tuesday.

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Latest carbon market ETF sees managed assets more than triple year-to-date

Published 23:49 on March 19, 2021  /  Last updated at 22:37 on March 21, 2021  /  Americas, Asia Pacific, Aviation/CORSIA, Bavardage, Canada, China, China's National ETS, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, REDD, UK ETS, US, Voluntary Market  /  No Comments

Total assets under management by the newest carbon market ETF have more than tripled since the start of the year, in a further sign of investors rushing to gain exposure in this burgeoning asset class.

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China’s Industrial Bank signs first voluntary carbon forestry offset forward deal

Published 12:53 on March 18, 2021  /  Last updated at 12:53 on March 18, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Voluntary Market  /  No Comments

China’s Industrial Bank on Thursday unveiled a deal involving upfront funding and forward purchase of carbon credits from a forestry project in Fujian province, a first of its kind in China that observers say can help overcome financing challenges for voluntary forestry schemes.

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China NPC delegate floats idea of carbon market covering Greater Bay Area

Published 11:18 on March 9, 2021  /  Last updated at 11:20 on March 9, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China should establish a mandatory emissions trading market covering Guangdong, Hong Kong, and Macao, and use the platform to launch a carbon neutral Belt and Road Initiative, a National People’s Congress delegate and central bank official said Tuesday.

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Five-year plan sets China on path to further emissions growth

Published 01:54 on March 5, 2021  /  Last updated at 15:44 on March 5, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China announced key economic targets for the next five years on Friday, avoiding an absolute cap on greenhouse gas output and instead setting intensity goals that if met would see annual emissions continue to rise.

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China central bank official proposes carbon market overhaul

Published 10:40 on March 4, 2021  /  Last updated at 10:40 on March 4, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China should set an absolute cap on CO2 emissions in its national ETS, expand beyond spot trade, and phase out the pilot trading schemes to improve the effectiveness of its carbon market, the Shanghai director of the People’s Bank of China (PBOC) has said.

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China to leave room for 4% growth in coal consumption in 5-year plan -industry group

Published 06:28 on March 4, 2021  /  Last updated at 09:19 on March 4, 2021  /  China, China's National ETS  /  No Comments

China National Coal Association expects the government to cap yearly coal consumption at 4.2 billion tonnes by the end of the 2021-25 five-year plan, it said this week, a move that could potentially generate millions of tonnes worth of additional CO2 emissions.

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China’s State Grid releases carbon neutral action plan, vows to accommodate ETS

Published 14:09 on March 1, 2021  /  Last updated at 14:09 on March 1, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s State Grid Corp. released a ‘carbon peaking and carbon neutral’ action plan on Monday, outlining a raft of measures it will take over the next few years, including making sure the national ETS can have a bigger impact on electricity emissions.

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China eyes late June start for trading in ETS

Published 01:50 on March 1, 2021  /  Last updated at 08:52 on March 1, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

Trading in China’s national carbon market is slated to start in late June, the ecology and environment ministry has said.

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China eyes big jump in renewables, eyeing Paris goal

Published 10:25 on February 10, 2021  /  Last updated at 11:04 on February 10, 2021  /  China, China's National ETS  /  No Comments

China’s National Energy Administration has proposed to increase the share of renewables in the nation’s power consumption to 40% by 2030 in a move designed to ensure the world’s biggest-emitting nation meets its Paris Agreement obligations.

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