China makes fresh reassurances on carbon credits
China’s Ministry of Ecology and Environment (MEE) will support the revamp of the country’s carbon credit programme as soon as possible to ensure offsets will be eligible in the national emissions trading scheme, Vice Environment Minister Zhuang Guotai said Wednesday.
Read MoreChina’s Guangdong suspends offset programme
China’s Guangdong province has suspended its regional carbon offset programme, as the local government wants to improve the mechanism before issuing further credits.
Read MoreGuangdong issues nearly 200k offsets from provincial carbon scheme
China’s Guangdong province has issued nearly 200,000 carbon credits under its regional programme, supplying the local emissions trading scheme with offsets in the absence of a functional national system.
Read MoreChina’s Guangdong keeps ETS emission cap level amid national market limbo
China’s biggest provincial pilot emissions trading scheme released its 2018 allocation plan on Thursday, keeping CO2 caps at last year’s levels as the central government has urged stability in the regional markets.
Read MoreChina to open power market to major polluting industries
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.
Read MoreChina CORSIA withdrawal reports inaccurate, official tells media
Reports that China has withdrawn from the voluntary first phases of the UN’s CORSIA aviation offsetting scheme are inaccurate, according to a representative of China’s delegation to ICAO.
Read MoreChina withdraws intention to participate in ICAO’s CORSIA aviation offset scheme
China has officially withdrawn its intention to participate in the UN’s CORSIA aviation offsetting scheme, Carbon Pulse has learned, dealing a massive blow to efforts to rein in the sector’s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.
Read MoreMayday: Weak ambition, Chinese backtracking threaten future of CORSIA global aviation offset scheme
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.
Read MoreICAO adopts CORSIA aviation offset rulebook, postpones key decisions as China looks to back out
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.
Read MoreChina’s Sinopec makes carbon profits on govt refinery clampdown
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.
Read More