Doubts emerge for China ETS launch amid new leadership, virus outbreak
Uncertainty is emerging over the amount of progress China will make on its national emissions trading scheme this year as responsibility this week shifted to a new senior government official, while the outbreak of the Coronavirus raises risks of a policy standstill.
Read MoreWorld’s carbon markets grow 34% in value to $215 billion in 2019 -report
Global carbon markets grew by 34% in 2019 to hit €194 billion ($215.1 bln) in value, according to analysts at Refinitiv, marking a third straight year of growth and a nearly fivefold increase in two years.
Read MoreEU chief warns on CO2 border measures, praises California, China
European Commission president Ursula von der Leyen warned on Wednesday that the EU will press ahead with border carbon adjustment plans to protect its industry and workers, but she praised California and China’s carbon pricing efforts that could mean the measures are never needed.
Read MoreChina coal-powered generation rise paves way for bumper CO2 allocation
China’s coal-fired power generation rose 1.7% in 2019 and is set to grow further this year, according to the main power sector industry lobby group, paving the way for CO2 allocation in the national emissions trading scheme to be nearly triple that of the EU market.
Read MoreCN Markets: Pilot market data for week ending Jan. 17, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreKorean developers lukewarm about China CDM opportunities
Major South Korean carbon project developers are dubious to opportunities in China, amid efforts to drum up Korean interest in earning carbon credits from China-based N2O projects.
Read MoreNo cap will make China’s carbon market less efficient -report
China’s decision to make its ETS intensity-based rather than having an absolute CO2 cap will make emission cuts more expensive, according to researchers, who say the system can still achieve significant reductions.
Read MoreCN Markets: Pilot market data for week ending Jan. 10, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreChina hints at lower CO2 permit allocations for emitters late to submit data
China’s environment ministry has ordered power plants set to be included in the national emissions trading scheme to provide 2019 data that will be used as basis for the allocation of CO2 allowances, signalling that those that miss the May 31 deadline will receive fewer permits.
Read MoreGuangdong to auction 400k CO2 permits on Feb. 12
China’s Guangdong province will auction off 400,000 carbon allowances under its emissions trading scheme on Feb. 12, the China Carbon Exchange in Guangzhou said Tuesday.
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