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UN chief warns Davos on climate inaction, global risks

Published 19:53 on January 17, 2022  /  Last updated at 19:53 on January 17, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

UN Secretary General Antonio Guterres told the World Economic Forum (WEF) on Monday that there is no sign that governments are planning to effectively manage climate risks, urging the private sector to step up efforts and avoid greenwashing well ahead of November’s COP27 UN climate talks in Egypt.

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VCM Report: Nature-based contract hits new heights while CORSIA units falter

Published 17:59 on January 17, 2022  /  Last updated at 22:36 on January 17, 2022  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Standardised nature-based voluntary emissions reductions (VER) prices found strength this week, while technology-based CORSIA-eligible credits and others generally flatlined or sank.

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Shell sees increasing role for carbon price in China’s decarbonisation process

Published 12:30 on January 17, 2022  /  Last updated at 12:30 on January 17, 2022  /  China, China's Offset Market  /  No Comments

China’s domestic carbon price could rise 400% above current levels by 2030 and kick on from there as part of the country’s efforts to decarbonise by 2060, oil major Shell said in a report Monday.

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China thermal power generation rises 8.4% in 2021

Published 06:55 on January 17, 2022  /  Last updated at 06:55 on January 17, 2022  /  China, China's National ETS  /  No Comments

China’s thermal power generation rose 8.4% in 2021, government data showed Monday, with the nation’s Covid recovery causing a surge in carbon emissions.

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CN Markets: CEAs stable as traders await allocation plan

Published 09:11 on January 14, 2022  /  Last updated at 11:53 on January 14, 2022  /  China, China's National ETS, China's Offset Market  /  No Comments

Chinese carbon allowance prices remained largely stable over the past week as market participants await the official allocation plan for 2021, while offsets are being offered at far above market prices amid severely limited supply.

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Rebound in demand saw global electricity emissions spike by 7% in 2021, IEA says

Published 07:01 on January 14, 2022  /  Last updated at 07:01 on January 14, 2022  /  Americas, Asia Pacific, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Other APAC, UK ETS, US  /  No Comments

Strong growth in global electricity demand of 6% in 2021, brought about by the recovery of global GDP from the Covid-19 induced slump from the year before and extreme weather conditions, saw electricity CO2 emissions spike by nearly 7% to reach a record level in the year of COP26, the International Energy Agency (IEA) stated on Friday.

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China’s biggest CCS project to start first-phase operations this year

Published 11:31 on January 13, 2022  /  Last updated at 11:31 on January 13, 2022  /  China  /  No Comments

A carbon capture and storage (CCS) project in China’s western Xinjiang region that will become China’s biggest of its kind when it is fully operational plans to launch its first phase this year.

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UN teams up with second exchange to promote CDM credit sales to voluntary market

Published 21:25 on January 12, 2022  /  Last updated at 00:35 on January 13, 2022  /  Africa, Americas, Asia Pacific, Australia, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The UN’s climate change agency has partnered with a second carbon exchange to drive sales of carbon credits issued under its Kyoto-era Clean Development Mechanism (CDM) to the voluntary carbon market, as the international offsetting scheme readies its transition under the Paris Agreement.

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China plans regional carbon sink trading schemes in the northeast

Published 07:53 on January 12, 2022  /  Last updated at 08:21 on January 12, 2022  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, Voluntary Market  /  No Comments

China’s central government said Tuesday to establish carbon sink trading pilots in Inner Mongolia and Heilongjiang province in northeast China, two of China’s most forestry abundant regions.

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ANALYSIS: A potent force – making a market for methane emissions

Published 23:05 on January 11, 2022  /  Last updated at 23:17 on January 11, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, CBAM, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

Methane emissions concentrations in the atmosphere reached all-time highs in 2021 along with most other greenhouse gases, but with limited upstream regulation at oil and gas operations, product labelling and certificate trading are building momentum as an additional way of curbing the potent discharges.

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