VCM Report: Nature-based contract hits new heights while CORSIA units falter
Standardised nature-based voluntary emissions reductions (VER) prices found strength this week, while technology-based CORSIA-eligible credits and others generally flatlined or sank.
Read MoreShell sees increasing role for carbon price in China’s decarbonisation process
China’s domestic carbon price could rise 400% above current levels by 2030 and kick on from there as part of the country’s efforts to decarbonise by 2060, oil major Shell said in a report Monday.
Read MoreCN Markets: CEAs stable as traders await allocation plan
Chinese carbon allowance prices remained largely stable over the past week as market participants await the official allocation plan for 2021, while offsets are being offered at far above market prices amid severely limited supply.
Read MoreChina plans regional carbon sink trading schemes in the northeast
China’s central government said Tuesday to establish carbon sink trading pilots in Inner Mongolia and Heilongjiang province in northeast China, two of China’s most forestry abundant regions.
Read MoreVCM Report: VER prices vacillate as C-GEO contracts kick off trading
Voluntary emissions reduction (VER) prices trended in opposite directions this week for different exchange-traded product categories, while Xpansiv market CBL’s Core-GEO (C-GEO) contract saw its first activity after its mid-week launch.
Read MoreChina’s CNOOC reaps windfall profits from ETS natural gas arrangements
A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.
Read MoreAnalysts see room for rising prices in China ETS
China’s carbon market has considerable room for rising prices in this decade, though there is also a risk the value of CO2 allowances might stagnate depending on the market’s regulatory settings, according to analysts.
Read MorePetroChina hires Statkraft origination boss to lead new global carbon team
PetroChina has hired Statkraft’s head of environmental markets origination to build and lead a new global carbon trading division, Carbon Pulse has learned.
Read MoreCN Markets: CEAs hold firm after compliance deadline, but volume tanks
Chinese carbon allowance prices held firm this week, propped up by demand from companies that missed the Dec. 31 compliance deadline, but trading volumes plummeted.
Read MoreMinistry proposes minor cut in China ETS allocation
China’s environment ministry is proposing to reduce the number of CO2 allowances to be distributed under its national CO2 emissions trading scheme for 2021, but likely not enough of a cut to avoid another year of oversupply.
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