Rate-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.
Read MoreShanghai releases ETS allocation plan for 2018
The Shanghai municipal government released the 2018 allocation plan for its emissions trading scheme, slightly adjusting upwards the programme’s CO2 cap but keeping the system largely unchanged ahead of the national cap-and-trade launch.
Read MoreChina builds forest carbon offset portfolio ahead of ETS launch
China has developed almost 100 forest carbon projects that will generate offset credits for the national emissions trading scheme, with a view to expanding the portfolio further, according to a government report.
Read MoreGuangdong offset auction clears 44% above secondary market
For the second time in two weeks, Guangdong-issued carbon offsets have sold at auction for well over 40% above secondary permit prices.
Read MoreGuangdong ETS continues to see offset supply trickle in through auctions
The Guangdong carbon exchange on Tuesday announced another small auction of offsets eligible for use in the provincial emissions trading scheme, with the minimum bid price set at only around half the clearing price of last week’s sale.
Read MoreGuangdong offsets sell at premium to allowances in small auction
China Southern Power Grid Co. on Friday auctioned off a small batch of offsets eligible for use in the Guangdong ETS that cleared 39% above the secondary market price for allowances.
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