China exporters likely to face rising costs from EU’s border measures -report
Chinese exporters are likely to experience considerable cost pressure from the world’s first levy on carbon imports, the EU’s carbon border adjustment mechanism (CBAM), as China’s domestic emissions trading scheme is not ripe yet, a report has found.
Read MoreGuangdong’s financial regulator backs carbon futures plans
The Guangdong provincial government has asked local departments to collaborate on the introduction of carbon futures, though timelines for a potential product launch remain unclear.
Read MoreCN Markets: CEA trade remains slow, though CCER liquidity sustained
Chinese carbon allowance prices dropped over the past week with evaporated trading volumes amid lukewarm interest, while the offset market posted relatively abundant liquidity during the period.
Read MoreChina outlines plans for industries to peak emissions by 2030
China’s cabinet on Monday released an implementation plan for the country’s industrial sector, reiterating its commitment to peaking carbon dioxide emissions by 2030.
Read MoreChina’s Hainan to develop first blue carbon projects as trading platform launch nears
The government of China’s Hainan province has issued a plan to roll out its first batch of blue carbon projects as plans move ahead to launch a purely ocean and marine-based offset exchange on the island later this year.
Read MoreChina quietly removes ETS chief from post
China has quietly replaced the environment ministry official in charge of the nation’s emissions trading scheme, sources have confirmed, as the challenges facing the programme continue to build.
Read MoreChina’s Supreme Court backs stronger carbon market regulations
China’s highest court has recommended complementing current regulations concerning the activities in carbon markets, in a move backing long-awaited legislation for the country’s national emissions trading scheme (ETS).
Read MoreShenzhen to hold carbon allowance auction in early August
The government of Shenzhen is set to auction off 600,000 carbon permits under its pilot emissions trading scheme in early August, with a price floor well below current market levels.
Read MoreHong Kong Exchange, major banks form council to tee up China carbon market move
Hong Kong Exchanges and Clearing (HKEX) has partnered with a number of major banks and other corporations aiming to carve out a strategy for turning Hong Kong into a major international carbon trading hub, based around its position as a link between Mainland China and the rest of the world.
Read MoreCN Markets: China ETS in zombie mode, as Tianjin postpones compliance deadline
The price for Chinese carbon allowances has come down slightly over the past week though only on the back of a handful of largely symbolic transactions, while Tianjin has pushed back the annual compliance deadline in its municipal market due to disruption from anti-Covid policies.
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