Global coal power keeps coming even if almost half is unprofitable -report
Nearly half of the world’s coal power plants will run at a loss this year even as carbon prices have a negligible effect in many countries outside the EU, a report published Wednesday has found.
Read MoreGuangdong first to break rank on China national ETS deadlines amid COVID-19 crisis
Guangdong province has become the first Chinese region to officially deviate from the central government’s national ETS preparation timetable, though others are expected to follow, sparking fresh concerns over whether the world’s biggest carbon market will be able to launch this year as planned.
Read MoreCN Markets: Pilot market data for week ending Apr. 3, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreCOMMENT: Five massive drivers of future demand for offsets
Prior to the onslaught of COVID-19, a quick scan of the news each day would reveal that climate change is on the minds of customers and corporates worldwide. Warmer winters with rain where there was once snow, colder weather anomalies due to destabilization of the polar vortex, and summers punctuated by raging fires in both hemispheres make the topic impossible to ignore. And, while new regulatory regimes are cropping up across the globe, voluntary action is on the rise.
Read MoreChina readies rules for carbon financial products ahead of ETS launch
China is preparing a set of rules and standards for financial products tied to its emerging carbon market, indicating those will eventually become available for traders, though it remains uncertain if the instruments will be allowed from the start of the national emissions trading scheme.
Read MoreCarbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown
*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.
Read MoreAs China’s virus measures ease, manufacturing expands with power tipped to follow
China is showing signs of economic recovery following its lockdown to tackle the COVID-19 virus outbreak, with government data released Tuesday showing the manufacturing industry expanded in March and analysts expecting power demand to return to growth as well.
Read MoreCN Markets: Pilot market data for week ending Mar. 27, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreICAO may approve next round of CORSIA aviation offset applications after Art. 6 decision
UN aviation body ICAO will look to endorse a second round of programme applications for its global offset system CORSIA by the end of the year, with that decision potentially occurring after countries attempt to forge the rulebook of international emissions trading under the Paris Agreement at COP26, according to an updated timeline.
Read MoreCORSIA offset recommendations run counter to feedback on CDM and China’s CCERs, comments show
ICAO should not have unconditionally accepted the CDM or China’s GHG Voluntary Emission Reduction Program to supply the pilot phase of its global aviation offset system CORSIA due to environmental integrity concerns and a lack of transparency in their applications, according to public comments released Monday.
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