CN Markets: CEA price reaches new year-to-date high, though liquidity remains drained
Allowance prices in China’s carbon market edged up over the past week with improved but still small trading volume, though the overall sentiment remains cautious amid concerns over the impact of the upcoming carbon border tax, experts said.
Read MoreMajor investors launch new agri-tech startup to turn Asian rice into carbon credits
A group of major investors has teamed up to launch a new agri-tech startup aimed at decarbonising rice cultivation in Asia via the voluntary carbon market.
Read MoreWorld’s largest companies show limited progress towards Paris Agreement’s 1.5C goal, research finds
Global large- and mega-cap firms have shown minimal progress towards meeting the Paris Agreement’s climate goal of limiting global warming to 1.5C by 2050, according to new research.
Read MoreChina again includes ETS regulations in annual legislative work plan
Trading regulations for China’s national emissions trading scheme (ETS) have been included in the State Council’s 2023 legislative work plan, as the government’s latest effort to ground the rules in law despite previous fruitless attempts.
Read MoreChina may take further action against CBAM after upcoming WTO discussions -analysts
China’s next step against a planned carbon border tax may hinge on discussions under the World Trade Organization (WTO) scheduled for this month, where the EU will have to defend the measure’s legality, according to analysts.
Read MoreGlobal North would owe South $170 trillion for overshooting carbon budgets -researchers
Researchers have proposed a solution for financing climate change mitigation by assigning financial responsibilities to nations based “rigorous ethical criteria”, and have calculated that through this approach the Global North would owe the Global South around $170 trillion.
Read MoreUK project developer inks Pakistan green hydrogen, carbon deal with top Chinese oil producer
A London-listed international power and natural resource project developer has teamed up with one of China’s largest oil and gas producers via its subsidiary to jointly develop a planned green hydrogen project in Pakistan expected to generate carbon credits.
Read MoreCN Markets: CEA price reaches 5-mth high, volumes remain modest
Allowance prices in China’s national emissions market reached year-to-date high this week despite shrinking trading volumes, with analysts expecting price level to remain flat this month amid lukewarm sentiment.
Read MoreAPAC oil and gas firms risk financing challenges amid slow decarbonisation efforts
Most oil and gas (O&G) firms in the Asia Pacific region may face more financing challenges than their international peers because of their lack of detailed plans to decarbonise and their wait-and-see approach to new energy, a report has found.
Read MoreHong Kong may see demand from CCER relaunch despite challenges ahead -experts
Hong Kong could see emerging opportunities from the expected relaunch of China’s national voluntary carbon programme, though regulatory ambiguity and lack of demand remain challenges for the city’s fledgling emissions market, experts have said.
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