CN Markets: China carbon price edges down, as ETS challenges remain
The price for Chinese Carbon Emissions Allowances (CEAs) came down slightly over the past week, but the overall market situation remained the same as none of the regulatory and administrative uncertainties hanging over the market have been addressed.
Read MoreGuangdong clean power auction attracts moderate interest, premium prices
China’s Guangdong province on Thursday held its first auction of clean power for which buyers will be issued green certificates, a new type of credit that could emerge as a competitor to offsets.
Read MoreCompanies announce China’s first “carbon neutral” crude oil deal
Three major Chinese companies on Wednesday announced they had used government-issued CCERs to offset a shipment of 30,000 tonnes of crude oil from extraction in Angola and every step of the way through the supply chain to consumption.
Read MoreVoluntary offset taskforce names governance board, promises indigenous representation
The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) announced its governance body on Tuesday, adding that it was on track to deliver next year standardising tools being designed to help dramatically increase the volume of carbon credit transactions.
Read MoreVCM Report: Nature-based VER values lift past CORSIA-eligible units
Prices for exchange-traded, standardised voluntary emissions reductions (VERs) rose more quickly among nature-based products than CORSIA-qualified credits for the second straight week, reasserting a premium in the voluntary carbon market (VCM) that had evaporated earlier this month.
Read MoreCARBON FORWARD 2021: Amid global carbon credit boom, experts gather to discuss risks, opportunities
The sixth instalment of Carbon Forward – the premier annual environmental markets conference – is back, and it’s stacked with a first-class line-up of speakers to discuss the global boom in carbon credit prices, as well as government- and corporate-led efforts to scale up these markets.
Read MoreCN Markets: CEAs rebound somewhat, but activity remains low amid talk of further delays
Chinese Carbon Emissions Allowances (CEAs) rose by 7% over the past week, though activity remains low as talk of further delays in allocating an outstanding 5 billion permits weighs on traders.
Read MoreChina’s Chongqing launches carbon offset scheme
Southwest China’s Chongqing revealed the first batch of offset methodologies, and the credits can be used in the local compliance carbon market, as well as to claim carbon neutral for business operations and big events.
Read MoreANALYSIS: Pining to get started, China’s carbon foresters face familiar foes
China is banking on carbon sinks to help meet its 2060 climate ambitions, but the domestic carbon forestry industry is still struggling with familiar obstacles in the Chinese emissions market: lack of regulatory certainty and lacklustre demand.
Read MoreVCM Report: CORSIA credit rally halts as nature-based VERs trend up
Standardised CORSIA-eligible offset contracts on the voluntary carbon market (VCM) came down from record highs in recent days, while nature-based voluntary emissions reduction (VER) values rose to retest the long-standing premium that evaporated this month.
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