China’s Shenyang releases draft rules for its pilot carbon market
The municipal government of Shenyang has released draft regulations for what will become China’s ninth regional carbon market, with an eye to linking to other regions over time.
Read MoreIATA launches aviation carbon credit exchange, announces first trade
Aircraft operators’ association IATA on Wednesday launched its Aviation Carbon Exchange (ACE) to facilitate trade in both CORSIA-eligible and voluntary offsets, also announcing the inaugural transaction on the platform.
Read MoreTrading in China’s carbon market now tipped to begin early 2021
The first trades in China’s national emissions trading scheme are likely to take place early next year, an advisor to the government said over the weekend, meaning the country is likely to miss its 2020 target start date for the market, though compliance obligations are still set to be backdated to 2019.
Read MoreTwo CORSIA programmes approved as first REDD standards in a compliance carbon market
UN body ICAO’s Council this week fully approved a new jurisdictional REDD programme to supply carbon credits under the pilot phase of the CORSIA global aviation offset scheme, that alongside an update to a previously-recognised standard will see a compliance-based carbon market accept international deforestation reduction units for the first time.
Read MoreExemptions cancel out stricter benchmark in new China ETS allocation plan
China’s environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.
Read MoreChina’s Guangdong province to hand out carbon credits for donating, selling second-hand clothes
The Guangdong provincial government has approved a pilot project to award carbon credits to companies, groups, and individuals that sell or donate used clothing, the first jurisdiction in the world to do so.
Read MoreANALYSIS: Market braces for massive offset uptake in China’s carbon market
Offset trading in China’s national ETS could hit 250-500 million units in the market’s first year once the government finalises rules and begins issuing new credits, according to traders and analysts.
Read MoreChina releases draft rules for national CO2 emissions trading scheme
China’s Ministry for Ecology and Environment (MEE) on Monday released draft rules for its national ETS, as well as registry and settlement regulations, marking a major step towards launching the market.
Read MoreEXCLUSIVE: China wants offsets in ETS from start, opens door for financials
China’s environment ministry wants to allow the use of carbon credits from the start in the national emissions trading scheme, including from renewable energy projects, and to also open the door for financials to trade CO2 permits, according to draft government documents obtained by Carbon Pulse.
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