Shenzhen eyes absolute cap, auctions in ETS overhaul
An absolute cap on ETS emissions and allowance auctions that would generate revenue for a new fund are among proposals released by Shenzhen’s government as the city seeks to overhaul its carbon market to align it with China’s national climate ambitions.
Read MoreVCM Report: CORSIA-eligible offsets match record highs
Voluntary emissions reductions (VERs) eligible for the international aviation offset system CORSIA reached record highs this week, as traders maintained that a months-long trend of demand outpacing supply was providing support in the voluntary carbon market (VCM).
Read MoreChina carbon market to face early test from expected power shortages
Heat waves and booming industrial production are expected to cause power shortages in a number of Chinese provinces this summer, putting the nation’s emissions trading scheme to an early test of whether it is able to control spikes in greenhouse gas emissions.
Read MoreChina govt agencies back Beijing as carbon offset market hub
Eight major government agencies and institutions have encouraged Beijing to set up an offset trading platform in its pilot free trade zone to act as the centre for the Chinese carbon credit market.
Read MoreVCM Report: VER values continue to rise on low-cost credit demand
Voluntary emissions reduction (VER) prices this week maintained their upward trajectory seen over late spring, with voluntary carbon market (VCM) participants continuing to attribute the uptick to large buyers scooping up low-cost renewables credits.
Read MoreCN Markets: CCER volumes fall in May as investors take break
Domestic offset prices in China’s carbon market remained firm throughout May, though volumes halved as investors took a step back after liquidity had spiked the previous month, while most of the action in the pilot schemes again took place in Guangdong.
Read MoreChina limits price movements, off-screen trade levels for ETS -exchange
China will set a 10% limit on daily price movements in its emissions trading scheme, while block trades will have to stay within 30% of on-screen prices, the chairman of the carbon exchange in Shanghai told local media on Friday.
Read MoreChina’s Fujian province hands out 1.7 mln forest carbon credits
The Fujian provincial government has issued over 1.7 million forestry-based offsets to boost supply in the local pilot ETS as well as in China’s fledgling voluntary carbon market.
Read MoreVER prices of $100/tonne necessary to attain return on investment -private jet broker
Voluntary emissions reduction (VER) prices are currently significantly undervalued, and must rise by several orders of magnitude in order to guarantee financial returns and ramp up climate ambition, the CEO of a private jet charter broker said Tuesday.
Read MoreEU emitters turn in nearly 1.6 bln Kyoto credits since 2008, as cheap ETS compliance option ends
Companies regulated by the EU ETS used almost 1.6 billion Kyoto Protocol offsets against their surrender obligations over the past 13 years, data published by the European Commission late Tuesday showed, as the window finally closed on this cheaper compliance option.
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