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Shenzhen eyes absolute cap, auctions in ETS overhaul

Published 13:39 on June 11, 2021  /  Last updated at 13:39 on June 11, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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VCM Report: CORSIA-eligible offsets match record highs

Published 19:01 on June 7, 2021  /  Last updated at 19:02 on June 7, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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).  

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China carbon market to face early test from expected power shortages

Published 14:26 on June 7, 2021  /  Last updated at 14:26 on June 7, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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China govt agencies back Beijing as carbon offset market hub

Published 11:59 on June 2, 2021  /  Last updated at 11:59 on June 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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VCM Report: VER values continue to rise on low-cost credit demand

Published 22:55 on June 1, 2021  /  Last updated at 22:55 on June 1, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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CN Markets: CCER volumes fall in May as investors take break

Published 12:10 on June 1, 2021  /  Last updated at 10:25 on June 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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China limits price movements, off-screen trade levels for ETS -exchange

Published 07:47 on May 28, 2021  /  Last updated at 08:45 on May 28, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

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.

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China’s Fujian province hands out 1.7 mln forest carbon credits

Published 11:51 on May 27, 2021  /  Last updated at 11:53 on May 27, 2021  /  China, China's Offset Market, China's Pilot Markets, Voluntary Market  /  No Comments

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.

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VER prices of $100/tonne necessary to attain return on investment -private jet broker

Published 22:46 on May 25, 2021  /  Last updated at 22:46 on May 25, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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EU emitters turn in nearly 1.6 bln Kyoto credits since 2008, as cheap ETS compliance option ends

Published 18:47 on May 25, 2021  /  Last updated at 21:02 on May 25, 2021  /  Africa, Americas, Asia Pacific, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, Middle East, Other APAC, South & Central, South Korea, UK ETS  /  No Comments

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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