Big-emitting Chinese province rolls out offset plans
One of China’s richest provinces has released a draft plan to launch a nature-based carbon offset programme, though uncertainty around the national government’s approach to corresponding adjustments means the resulting credits might be restricted to domestic consumption.
Read MoreCarbon Pulse hires its way to record reporter headcount, doubles article output
(FREE READ) – Carbon Pulse has further boosted its coverage of regional and global carbon markets after completing a hiring drive that allowed it to welcome another four talented journalists, giving the unrivalled news provider a record staff size and doubled story count.
Read MoreANALYSIS: Hong Kong eyes central carbon market role, but the key to its success lies in Beijing
Hong Kong has set out plans to establish itself as the hub that will bring together the international carbon market and that of China, but the pathway to success is tricky and heavily reliant on decision-makers in Beijing.
Read MoreChina’s carbon exchanges team up to streamline local offsets
China’s nine regional carbon exchanges will band together to launch a unified offsets scheme, aiming to connect the many local offsetting schemes that have emerged across the country over the past year in the absence of a national market.
Read MoreCN Markets: CEAs flat as China’s carbon market enters hibernation
Spot allowance prices in China’s emissions trading market have not moved for almost two weeks, as the long wait for clarity on the next trading period drains liquidity bar the occasional block trade.
Read MoreForest-rich Chinese province to reward counties that host carbon sink offset projects for all markets
A province in southwestern China has promised to reward local governments that host forest carbon projects that achieve registration under domestic or international offsetting programmes.
Read MoreChina includes carbon in broad announcement on unified markets, leaves market guessing
China’s central government has released guidelines on accelerating the construction of a number of unified markets, including energy and carbon, but a lack of detail left carbon traders unsure what to make of it.
Read MoreHong Kong regulators back voluntary carbon market push with ties to mainland China
Hong Kong will move to establish itself as a major voluntary carbon trading hub, providing a bridge between international traders and the mainland China market.
Read MoreVitol’s global carbon sales jump by a third amid UK, voluntary scale-up
Commodity trading house Vitol reported a 34% year-on-year increase in its carbon sales for 2021, it said in a report published this week.
Read MoreBetter net zero alignment is driving record ETS prices and revenues -study
Emissions trading systems (ETS) worldwide have begun to align their emissions ambitions with net zero targets, boosting allowance prices and more than doubling government revenue in 2021, a research report outlined on Tuesday.
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