CN Markets: China carbon stable even as compliance deadline nears
Prices in China’s carbon market barely budged over the past week, as there is still a lot of uncertainty even with just three weeks left for 2019 and 2020 compliance.
Read MoreChina’s CO2 emissions fall slightly in Q3 as post-lockdown surge cools -analyst
China saw a minor fall in CO2 emissions in Q3 due to lower cement demand and record high coal prices, according to an analysis published Thursday.
Read MoreChina’s Fujian sees big drop in ETS emissions after power plant shift into national scheme
Companies in Fujian province’s emissions trading scheme have finalised their 2020 compliance process, with regulated emissions falling by 44% as power plants are now covered by the national market instead.
Read MoreCN Markets: CCERs see compliance demand boost as emitters aim to bank carbon allowances
Trading activity in China’s carbon market rose in the past week as an increasing amount of compliance entities chased offset credits in order to be able to hold on to their allowances for use in future years, though prices remained fairly stable.
Read MoreCN Markets: CEAs stable with little sign of pre-compliance volatility
Prices and volumes in China’s national carbon market remained relatively stable again over the past week, with little indication of impending pre-compliance volatility.
Read MoreChina carbon futures trading likely to go ahead after government nod
Carbon trading at the newly established Guangzhou Futures Exchange looks likely to move forward after being endorsed by a group of major government agencies, though it remains unclear which units will be on offer.
Read MoreCN Markets: Trading volumes rise in China’s carbon market as compliance deadline nears, but prices stable
There was a significant uptick in allowance and offset trading volumes in China’s market over the past week with the 2019 and 2020 compliance deadline now just six weeks away, but price movement was limited.
Read MoreBP hires new head of China carbon trading desk
Oil major BP has hired a veteran project originator and carbon trader to lead its carbon trading operations in China after losing most of its regional team to Glencore earlier this year.
Read MoreChinese banks tie interest rate to carbon emissions performances
Some Chinese lenders have begun offering interest rates linked to emission levels, as the nation’s financial sector strive to develop new climate-related products.
Read MoreChina rules all CCER offset types eligible for ETS compliance in 2019, 2020
China’s environment ministry on Tuesday said all domestic offsets will be eligible for use in the first compliance cycle of its national emissions trading scheme, including units generated almost two decades ago that have been banned from all the eight regional pilot markets for years.
Read More