CN Markets: Pilot market data for week ending July 3, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreICAO Council drops 2020 from emissions baseline for CORSIA’s pilot phase
ICAO’s Council on Tuesday agreed to omit 2020 from the carbon neutral growth baseline during the international aviation offset programme CORSIA’s first three years, while leaving the door open for the UN body’s Assembly to make that change for the entire 15-year duration of the scheme.
Read MoreChina ETS could face 600 Mt/year surplus, IEA warns
China’s national emissions trading scheme could generate more than 600 million surplus allowances each year due to the generous benchmarks proposed for facilities that don’t monitor their CO2 fuel factor, the International Energy Agency (IEA) said Monday.
Read MoreUS threatens CORSIA exit if GHG baseline decision not made next week
The US will opt out of the first three years of the CORSIA offset mechanism for global air travel if other countries do not agree to alter the programme’s emissions baseline next week, with other nations potentially following suit, a Dutch minister said Friday.
Read MoreCN Markets: Pilot market data for week ending June 26, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MorePandemic impact to hit ETS prices for 2 years, voluntary market more resilient -survey
The COVID-19 pandemic is likely to weigh on ETS prices worldwide for the next two years, with price expectations for the coming decade also dropping, according to an annual survey of carbon market participants and observers published on Tuesday.
Read MoreAt EU-China summit, Brussels presses Beijing to forge net zero path
EU leaders urged their Chinese counterparts at an online summit on Monday to outline a path towards net zero emissions, though the talks ended without major progress on climate diplomacy.
Read MoreMajor Chinese oil firm buys “carbon neutral” LNG from Shell
One of China’s biggest oil companies has agreed to buy carbon credits along with two shipments of LNG from Shell, seeking to offset all the lifecycle emissions associated with the shipment in the first such deal for mainland China.
Read MoreShanghai ETS firms face marginally tighter allocation, looser offset limits
The Shanghai government has released the 2019 allocation for its emissions trading scheme, keeping the number of allowances in play at the same level as before despite including more companies, while also tripling the amount of offsets emitters can use for compliance.
Read MoreCN Markets: Pilot market data for week ending June 19, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
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