CN Markets: CEAs hold above 50 yuan, but volumes dwindle
Allowance prices in China’s national emissions trading scheme have held firm above 50 yuan ($7.72) since the market opened last week, but trading activity has come down significantly as traders expect liquidity to remain patchy in the coming weeks.
Read MoreGuangdong ETS reports 100% compliance for 2020 as power plants exit scheme
All 245 companies covered by China’s biggest pilot emissions trading scheme surrendered permits in time this week to meet their 2020 obligations, marking the end of the last compliance cycle before coal-fired power plants accounting for around 40% of the scheme’s emissions transition to the national market.
Read MoreHong Kong to explore carbon market opportunities
Hong Kong will explore opportunities in establishing itself as a carbon trading centre for mandatory and voluntary carbon markets both in mainland China and internationally, with an initial focus on the Guangdong-HK-Macao greater Bay region.
Read MoreUPDATE – China confirms national ETS launch on July 16
The Shanghai Environment and Energy Exchange confirmed Thursday afternoon that China’s much-anticipated national emissions trading scheme, set to become the world’s biggest carbon market, will launch Friday after a three-week delay.
Read MoreBeijing lays out rules for voluntary carbon offsetting
The municipal government of Beijing released instructions for corporates, institutions and event organisers to qualify for carbon naturality, including listing rules of eligible offset projects, which set up examples for other Chinese cities to follow.
Read MoreChina’s national ETS set to launch trading on July 16 -sources
China’s national emissions trading scheme is said to launch on Friday, according to sources with knowledge of the issue.
Read MoreYangtze River Delta sees first city roll out ‘inclusive’ carbon market
The city of Yueqing in China’s Zhejiang province has announced the launch of a small-scale local carbon market for small enterprises and households that provincial governments in the Yangtze River Delta region want to develop into a network of interconnected so-called “inclusive” markets across the region.
Read MoreChina emissions trading to start in July, premier says
Trading in China’s carbon market will begin in July, Premier Li Keqiang said Wednesday evening, after the failure to meet the widely touted June deadline had sparked concerns a longer delay might be in store.
Read MoreChinese banks explore ways to back forest carbon schemes
Agricultural Bank of China has approved a loan to an olive oil company taking future expected income from carbon credit sales as security, as lenders keep exploring ways for forest owners to secure hard-to-get loans after the government identified carbon sinks as a key means to meet China’s long-term climate goals.
Read MoreCN Markets: CCER volumes soar to new high, but policy uncertainty creates headaches for traders
More than 12 million Chinese Certified Emissions Reductions (CCERs) traded across all platforms in the Chinese market in June, setting a new record, but the ETS delay and lack of clarity about future offset issuances is creating challenges for traders.
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