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ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later

Published 17:49 on September 24, 2020  /  Last updated at 17:49 on September 24, 2020  /  China, China's National ETS, China's Offset Market, International, Voluntary Market  /  No Comments

President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially.

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Voluntary offset prices flat in 2019 amid scramble for cheap renewable units -report

Published 21:38 on September 23, 2020  /  Last updated at 09:05 on September 24, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Voluntary carbon credit prices flatlined in 2019 amid increased transactions, as new buyers rushed to buy cheap renewables-sourced units ahead of this year’s cut-off for registering many clean energy projects.

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South Korean firm strikes rare China CDM deal

Published 08:43 on September 22, 2020  /  Last updated at 12:13 on September 22, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.

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China’s State Council backs voluntary offset exchange

Published 13:55 on September 21, 2020  /  Last updated at 21:42 on September 21, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.

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Carbon neutral LNG faces uphill battle in China, gas distributor says

Published 10:38 on September 18, 2020  /  Last updated at 00:19 on September 19, 2020  /  Asia Pacific, Carbon Taxes, CBAM, China, China's Offset Market, International, Voluntary Market  /  No Comments

The recent failure to fetch any premium at China’s first-ever carbon neutral LNG auction shows market appetite is still low, but upstream suppliers can help by improving their information disclosure, according to a report released by a state-owned gas distributor.

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Thirteen global airlines commit to 2050 net zero emissions

Published 21:52 on September 11, 2020  /  Last updated at 23:29 on September 11, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The Oneworld airline alliance has pledged to achieve carbon neutrality by mid-century, with several major carriers joining other member companies that had already announced similar emissions goals.

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New alliance eyes carbon hub spanning Guangdong, Hong Kong, Macao

Published 14:19 on September 7, 2020  /  Last updated at 17:42 on September 7, 2020  /  China, China's National ETS, China's Offset Market  /  No Comments

Financial organisations in China’s Guangdong province and territories of Hong Kong and Macao have founded a ‘Green Finance Alliance’ that has developing a regional carbon trading market as one of its major ambitions.

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China’s environment ministry opposes carbon futures market -reports

Published 11:28 on September 3, 2020  /  Last updated at 08:06 on September 4, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s environment ministry is opposing an initiative to list carbon contracts on a futures exchange in Guangdong province, preferring instead to focus on developing the nation’s spot emissions market, according to local news reports.

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New private sector taskforce seeks massive scale-up for voluntary carbon market

Published 22:21 on September 2, 2020  /  Last updated at 22:28 on September 2, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, Other APAC, REDD, South & Central, Voluntary Market  /  No Comments

Several dozen financial entities, large corporate emitters, and offset standards and retailers on Wednesday unveiled a taskforce to build consensus on how to best grow the voluntary carbon market in the face of higher credit demand and to meet Paris Agreement climate goals.

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CORSIA impacts weighing on otherwise resilient voluntary offset prices -developer

Published 23:14 on September 1, 2020  /  Last updated at 23:14 on September 1, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China's Offset Market, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary carbon offset prices are steady this year as demand largely keeps up, but the COVID-19 pandemic’s disproportionate impact on international air travel and changes to the global aviation offset mechanism CORSIA are exerting bearish pressure, a project developer said Tuesday.

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