China’s Hebei to launch carbon offset market
China’s Hebei will launch a pilot voluntary carbon offset market across five cities by the end of the year, which could be implemented province-wide by 2020 with a view to making the credits eligible for compliance use for local industry in the national emissions trading scheme.
Read MoreCN Markets: Pilot market data for week ending Oct. 12
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreETS back on agenda as China clarifies ministry role
China’s environment ministry has clarified the structure and role of its climate change division, adding the construction of the national emissions trading scheme to its list of duties after omitting the ETS from an initial overview published last month.
Read MoreBluesource hires carbon market expert to drive business development
Project developer and advisory firm Bluesource has hired a carbon market and renewable energy expert to drive its voluntary offset business.
Read MoreChina’s coal habit puts energy firms at massive financial risk -report
China’s top generators risk losing nearly $400 billion in stranded assets by 2040 if they don’t step up the retirement rate of coal-fired power plants, a report said Wednesday.
Read MoreIPCC issues sternest warning yet on need for major emission cuts
The world must cut CO2 45% below 2010 levels by 2030 and achieve net zero emissions by mid-century if it is to stand a chance of limiting global warming to 1.5C, the Intergovernmental Panel on Climate Change (IPCC) said Monday in a report highlighting the far-reaching differences in impact between 1.5C and 2C of warming.
Read MoreAs CORSIA doubts persist, developers push ‘future-proof’ carbon projects to airlines
Developers are focusing on investing in and promoting carbon-cutting projects they think most likely to be eligible under the CORSIA aviation offset scheme, in an effort to encourage airlines to buy the units ahead of rules being finalised.
Read MorePrivate equity firm buys stake in carbon traders ACT Group
London-based private equity firm Three Hills Capital Partners (THCP) has spent more than €60 million to purchase a minority stake in the environmental and energy commodities trading company ACT Group.
Read MoreCN Markets: Pilot market data for week ending Sep. 28, 2018
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreCarbon veteran leaves Sindicatum following offset portfolio sales
A veteran carbon expert has left project developer Sindicatum to pursue other opportunities, Carbon Pulse has learned, several months after the Singapore-based firm sold its US and Asian offset portfolios.
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