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EU, China to lead on climate while the US has some ‘explaining’ to do -Arias Canete

Published 16:55 on March 30, 2017  /  Last updated at 22:55 on March 30, 2017  /  Americas, China, Climate Talks, EMEA, International, US  /  No Comments

Having now ditched its carbon-cutting plans, the US must explain to the rest of the world how it will meet its emission targets if it stays in the Paris Agreement, EU climate chief Miguel Arias Canete said Thursday, while promising that the EU and China would carry on leading the fight against climate change.

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China’s NDRC fends off calls to share ETS oversight, build in east-west split

Published 18:21 on March 28, 2017  /  Last updated at 01:03 on March 28, 2017  /  China, China's National ETS  /  No Comments

China’s National Development and Reform Commission has dismissed proposals from a host of other ministries to jointly regulate the national emissions trading scheme and nixed calls to reduce the responsibilities that country’s poorer provinces will face under the programme.

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Guangdong auction settles above secondary market

Published 18:05 on March 27, 2017  /  Last updated at 19:18 on March 27, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Guangdong’s third CO2 permit auction for the 2016 compliance year held Monday was oversubscribed by 50% and cleared above secondary market prices, according to an announcement from the China Emissions Exchange in Guangzhou.

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China, New Zealand to strengthen cooperation on carbon markets, seek links

Published 16:18 on March 27, 2017  /  Last updated at 20:19 on March 27, 2017  /  Asia Pacific, China, China's National ETS, New Zealand  /  No Comments

China and New Zealand on Monday signed a joint climate action plan that includes cooperating closely on carbon markets, a move that could eventually lead to linking of Asia-Pacific emissions trading schemes.

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CN Markets: Pilot market data for week ending Mar 24, 2017

Published 20:15 on March 24, 2017  /  Last updated at 20:15 on March 24, 2017  /  China, China's Pilot Markets  /  No Comments

Below is a table of the closing prices, ranges and volumes for China’s regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.

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China’s national ETS may start without access to offsets -sources

Published 18:38 on March 23, 2017  /  Last updated at 01:38 on March 23, 2017  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China could rule out the use of offsets when it launches its national emissions trading scheme later this year in a bid to bolster demand for allowances, according to sources familiar with the situation, a move that would also cut off potential funding for thousands of domestic carbon-cutting projects.

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ALLCOT’s voluntary market report – March 2017

Published 02:20 on March 22, 2017  /  Last updated at 02:20 on March 22, 2017  /  Africa, Americas, Asia Pacific, China, EMEA, International, Kyoto Mechanisms, Middle East, Other APAC, South & Central, Voluntary Market  /  No Comments

With the end of the financial year approaching, corporate buyers are keen to complete their budgeted offsetting and so demand has picked up in the last month. Project developer and carbon trader ALLCOT provides a snapshot of the market.

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China’s most polluted province sets CO2 target but emissions set to rise

Published 20:51 on March 22, 2017  /  Last updated at 20:51 on March 22, 2017  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China’s Hebei province has pledged to cut its carbon intensity by a fifth and lean on neighbouring Beijing in building a carbon market, but absolute emission levels are set to increase as industrial output is capped at levels above current production.

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Don’t link carbon markets, policymakers are told

Published 09:37 on March 22, 2017  /  Last updated at 01:15 on March 22, 2017  /  Americas, Asia Pacific, Canada, China, Climate Talks, EMEA, International, US  /  No Comments

Linking carbon markets increases volatility and makes it less likely that they achieve emission reductions, an article in the journal Nature argued, proposing instead that policymakers “keep it simple” on carbon pricing.

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IBM partners with blockchain venture to target Chinese carbon market

Published 17:42 on March 20, 2017  /  Last updated at 20:50 on March 20, 2017  /  China, China's National ETS, China's Offset Market  /  No Comments

US technology company IBM and the China-based Energy-Blockchain Lab on Monday announced they had developed a carbon asset management platform for China, hoping to get a foothold in the country’s CO2 trading market when the national ETS launches later this year.

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