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China makes fresh reassurances on carbon credits

Published 10:33 on September 5, 2018  /  Last updated at 16:54 on September 5, 2018  /  China, China's National ETS, China's Offset Market  /  No Comments

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.

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China’s Guangdong suspends offset programme

Published 09:04 on August 31, 2018  /  Last updated at 18:33 on August 31, 2018  /  China, China's Offset Market, China's Pilot Markets  /  No Comments

China’s Guangdong province has suspended its regional carbon offset programme, as the local government wants to improve the mechanism before issuing further credits.

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Guangdong issues nearly 200k offsets from provincial carbon scheme

Published 11:02 on August 22, 2018  /  Last updated at 00:14 on August 23, 2018  /  China, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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China’s Guangdong keeps ETS emission cap level amid national market limbo

Published 12:58 on July 26, 2018  /  Last updated at 23:09 on July 26, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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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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