China passes first-ever energy law, backs development of renewables and hydrogen

Published 09:48 on November 11, 2024  /  Last updated at 09:48 on November 11, 2024  / /  Asia Pacific, China

Chinese legislators have passed the country’s first energy law, giving additional legal clout to the development of renewable energy and hydrogen.

Read More

COP29: INTERVIEW – China has been more helpful than Europe in green cooperation, says Bahamas

Published 07:49 on November 11, 2024  /  Last updated at 07:49 on November 11, 2024  / /  Asia Pacific, China, EMEA, International, Other APAC

The Bahamas envoy to the COP29 UN climate summit has called out Europe for seeking “business as usual” commercial relationships in bilateral green development talks, saying cooperation with China has yielded more results, particularly in areas like electric mobility.

Read More

CN Markets: CEAs extend all-time high, weekly trading volume surges

Published 11:00 on November 8, 2024  /  Last updated at 11:00 on November 8, 2024  / /  Asia Pacific, China

Prices in China’s national emissions market hit a fresh all-time high again the past week while trading volume surged, buoyed by growing compliance demand, though a newly introduced carryover policy may complicate the price growth outlook.

Read More

BRIEFING: EU’s CBAM brings uncertainty to Chinese exporters, despite planned carbon market expansion

Published 09:59 on November 8, 2024  /  Last updated at 09:59 on November 8, 2024  / /  Asia Pacific, CBAM, China

The emergence of carbon border adjustment mechanisms (CBAM) has created a heightened sense of uncertainty among Chinese exporters, despite China’s recent policy progress in expanding its mandatory carbon market, analysts said this week.

Read More

China’s Hubei to promote inclusive offset programme, forest carbon sinks

Published 06:27 on November 7, 2024  /  Last updated at 06:27 on November 7, 2024  / /  Asia Pacific, China

China’s Hubei province has announced plans to push forward a local carbon offset programme and encourage the development of forest carbon projects within the region.

Read More

CN Markets: CEAs break new record again, prices likely above $14 until year end

Published 11:08 on November 1, 2024  /  Last updated at 03:10 on November 4, 2024  / /  Asia Pacific, China

Chinese carbon prices hit record highs again over the past week as the year-end compliance deadline draws near, with analysts expecting prices to stay well above the 100 yuan ($14.04) level throughout the rest of the year.

Read More

Macao opens international carbon exchange

Published 07:45 on October 31, 2024  /  Last updated at 07:45 on October 31, 2024  / /  Asia Pacific, China, Voluntary

Macao this week unveiled a voluntary carbon exchange backed by a leading Chinese private equity firm, which aims to help China link up with international markets.

Read More

Beijing to auction off 1 mln carbon permits under local ETS as compliance deadline draws near

Published 05:39 on October 31, 2024  /  Last updated at 05:39 on October 31, 2024  / /  Asia Pacific, China

The Beijing municipal government will auction one million carbon allowances under its pilot emissions trading scheme in November, with a price floor for the sale to be set later.

Read More

China’s new economic stimulus policy adds uncertainty to emissions outlook

Published 07:36 on October 29, 2024  /  Last updated at 07:36 on October 29, 2024  / /  Asia Pacific, China

New economic stimulus measures to prop up household consumption could bring greater uncertainty to China’s emissions outlook, even though the country’s annual emissions may fall this year thanks to the massive additions of renewables, analysts said.

Read More

Warming will worsen global economic divide by disrupting forest ecosystems, researchers warn

Published 03:00 on October 29, 2024  /  Last updated at 23:35 on October 28, 2024  /  Americas, Asia Pacific, China, EMEA, International, Nature-based, Voluntary

Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.

Read More