Beijing targets carbon neutral Winter Olympics with offsets, allowances
Organisers of the 2022 Winter Olympics in Beijing have released a plan to minimise the event’s greenhouse gas footprint, including a goal to buy or ensure donations of local carbon offsets and ETS allowances to make up for any emissions that can’t be avoided.
Read MoreChina lays foundation for voluntary carbon market
China has for the first time laid out rules for carbon neutralising major events and activities, including defining which types of carbon credits would be eligible, a first step towards creating a voluntary GHG market in the world’s biggest-emitting nation.
Read MoreBY THE NUMBERS: Data sheds light on unused CER supply, Kyoto unit trading
There remains more than 860 million unused CERs – a massive supply of offsets that could potentially be tapped by airlines to comply with ICAO’s CORSIA scheme or which could find its way into the Paris Agreement era.
Read MoreGuangdong resumes carbon offset market after 10-month suspension
The Guangdong provincial government on Wednesday announced it had reopened the local carbon offset market following its suspension of the programme last August amid concerns over some of the project methodologies.
Read MoreRate-based cap risks undercutting China ETS, analysts say
China risks failing to cut emissions through its national emissions trading scheme if it opts for rate-based CO2 caps based on production levels, according to an academic paper.
Read MoreDormant China CDM project gets welcome voluntary market boost
An international commodity trading company this week cancelled 100,000 CERs from a project owned by a subsidiary of China’s state-owned power giant Huaneng, making it the latest Chinese CDM project to get some drops of comfort from the voluntary market.
Read MoreGlobal CO2 trading volume spikes 45% in 2018, value soars 250% amid reforms -analysts
Global traded carbon volumes rose 45% in 2018 to a five-year high of 9.1 billion tonnes as the dominant EU ETS market notched stellar price gains, Refinitiv analysts said in an annual market review on Tuesday.
Read MoreBeijing ETS companies get access to credits from voluntary car programme
Companies regulated by the Beijing emissions trading scheme will from now on be allowed to use carbon credits from a voluntary programme to cut traffic to help meet their ETS obligations.
Read MoreFormer EU carbon trader to head up Engie’s Greater China emissions, power desk
A former carbon trader at PetroChina’s London desk has joined Engie as head of carbon and power trading in the Greater China region.
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