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China to open power market to major polluting industries

Published 10:46 on July 19, 2018  /  Last updated at 23:27 on July 19, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Four of China’s biggest industries will join the nation’s burgeoning power market, allowing them to negotiate prices bilaterally as part of the government’s market reform in a process deemed crucial for the chances of the national ETS to successfully cut the sector’s GHGs.

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China CORSIA withdrawal reports inaccurate, official tells media

Published 17:49 on July 9, 2018  /  Last updated at 17:49 on July 9, 2018  /  Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

Reports that China has withdrawn from the voluntary first phases of the UN’s CORSIA aviation offsetting scheme are inaccurate, according to a representative of China’s delegation to ICAO.

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China withdraws intention to participate in ICAO’s CORSIA aviation offset scheme

Published 17:44 on July 3, 2018  /  Last updated at 17:54 on July 3, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, US, Voluntary Market  /  No Comments

China has officially withdrawn its intention to participate in the UN’s CORSIA aviation offsetting scheme, Carbon Pulse has learned, dealing a massive blow to efforts to rein in the sector’s rising emissions.

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Mayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme

Published 20:22 on June 29, 2018  /  Last updated at 20:59 on June 29, 2018  /  Americas, Asia Pacific, Aviation, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

Fears are mounting that ICAO’s international aviation offsetting mechanism could collapse well before its 2021 start as China backtracks and other nations resist, while the scheme’s rules get severely weakened or delayed by infighting.

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ICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out

Published 00:37 on June 28, 2018  /  Last updated at 19:51 on June 29, 2018  /  Africa, Americas, Asia Pacific, Aviation, Canada, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, Other APAC, REDD, Shipping, South & Central, Switzerland, US, Voluntary Market  /  No Comments

The UN’s aviation agency ICAO adopted its CORSIA rulebook on Wednesday, snubbing several governments’ calls for changes while giving airlines few additional signals on what offsets they can use to comply.

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China’s Sinopec makes carbon profits on govt refinery clampdown

Published 12:59 on June 27, 2018  /  Last updated at 21:19 on June 27, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

A subsidiary of Sinopec, China’s biggest refinery group, has made a 1.3-million yuan ($200,000) profit by swapping Shanghai CO2 permits it had saved as a result of a government clampdown on overcapacity in the sector.

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China’s Guangdong sees near-100% ETS compliance, but declines to release emissions data

Published 14:30 on June 22, 2018  /  Last updated at 21:23 on June 22, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

A single emitter in China’s biggest pilot emissions trading scheme failed to meet the annual compliance deadline, Guangdong regulators said Friday, again choosing to not disclose emissions data.

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China’s biggest generators rack up huge coal-power losses

Published 09:40 on June 15, 2018  /  Last updated at 09:40 on June 15, 2018  /  China, China's National ETS, China's Offset Market  /  No Comments

China’s five major state-owned power companies last year racked up combined losses of 13.2 billion yuan ($2.1 bln) from generating coal-fired electricity, a sign of the challenges facing the industry in the world’s biggest-polluting nation.

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China offers glimmer of hope for carbon offset developers

Published 11:04 on June 13, 2018  /  Last updated at 17:11 on June 13, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s climate officials are eager to include offsets in the national emissions trading scheme as a means to fund forestry and renewable energy projects, according to a senior official, offering a glimmer of hope for beleaguered developers.

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Guangdong offset auction clears at 37% premium

Published 09:36 on June 8, 2018  /  Last updated at 16:26 on June 8, 2018  /  China, China's Offset Market, China's Pilot Markets  /  No Comments

Over 300,000 local forest carbon offsets were sold in an auction on the China Emissions Exchange in Guangzhou Thursday at 37% above the price floor, but marginally below the daily secondary-market closing price for allowances.

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