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CN Markets: China carbon price edges down, as ETS challenges remain

Published 08:49 on September 24, 2021  /  Last updated at 08:49 on September 24, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

The price for Chinese Carbon Emissions Allowances (CEAs) came down slightly over the past week, but the overall market situation remained the same as none of the regulatory and administrative uncertainties hanging over the market have been addressed.

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Big Asian power group to ditch coal by 2040, target net zero by 2050

Published 06:35 on September 24, 2021  /  Last updated at 06:35 on September 24, 2021  /  Asia Pacific, Australia, China, Other APAC  /  No Comments

CLP Group, one of the largest investor-owned power businesses in the Asia-Pacific, will phase-out its coal-fired power assets by 2040 and target net zero emissions by 2050, the company announced on Friday.

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Guangdong clean power auction attracts moderate interest, premium prices

Published 12:52 on September 23, 2021  /  Last updated at 12:52 on September 23, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s Guangdong province on Thursday held its first auction of clean power for which buyers will be issued green certificates, a new type of credit that could emerge as a competitor to offsets. 

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Companies announce China’s first “carbon neutral” crude oil deal

Published 13:24 on September 22, 2021  /  Last updated at 13:24 on September 22, 2021  /  China, China's Offset Market, International, Voluntary Market  /  No Comments

Three major Chinese companies on Wednesday announced they had used government-issued CCERs to offset a shipment of 30,000 tonnes of crude oil from extraction in Angola and every step of the way through the supply chain to consumption.

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Hubei carbon market shrinks after power plant exit

Published 08:39 on September 22, 2021  /  Last updated at 08:39 on September 22, 2021  /  China, China's National ETS, China's Pilot Markets  /  No Comments

China’s Hubei province has released the 2020 allocation for its pilot emissions trading scheme, with the number of allowances to be issued falling by almost 40% after regional coal-fired power plants exited the scheme to participate in the national market.

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China to end overseas investment in coal plants in major shift

Published 00:27 on September 22, 2021  /  Last updated at 01:28 on September 22, 2021  /  Asia Pacific, China, International  /  No Comments

China will end funding for new coal-fired power plants abroad, President Xi Jinping announced at the UN General Assembly on Tuesday, signalling a massive shift for the world’s largest public financier of overseas coal.

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Voluntary offset taskforce names governance board, promises indigenous representation

Published 12:53 on September 21, 2021  /  Last updated at 22:13 on September 21, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The private sector Taskforce on Scaling Voluntary Carbon Markets (TSVCM) announced its governance body on Tuesday, adding that it was on track to deliver next year standardising tools being designed to help dramatically increase the volume of carbon credit transactions.

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VCM Report: Nature-based VER values lift past CORSIA-eligible units

Published 20:58 on September 20, 2021  /  Last updated at 23:08 on September 20, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Prices for exchange-traded, standardised voluntary emissions reductions (VERs) rose more quickly among nature-based products than CORSIA-qualified credits for the second straight week, reasserting a premium in the voluntary carbon market (VCM) that had evaporated earlier this month.

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US, EU ink methane pact in push to help get COP26 climate summit back on track

Published 01:53 on September 20, 2021  /  Last updated at 01:53 on September 20, 2021  /  Africa, Americas, Asia Pacific, Canada, China, Climate Talks, EMEA, International, Mexico, Other APAC, South & Central, US, Voluntary Market  /  No Comments

The US and EU have jointly pledged to slash their methane emissions, in an internationally coordinated move seen as a significant step ahead of next month’s UN climate talks, which observers warn are at risk of faltering.

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CARBON FORWARD 2021: Amid global carbon credit boom, experts gather to discuss risks, opportunities

Published 20:27 on September 17, 2021  /  Last updated at 17:02 on September 21, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Views, Voluntary Market  /  No Comments

The sixth instalment of Carbon Forward – the premier annual environmental markets conference – is back, and it’s stacked with a first-class line-up of speakers to discuss the global boom in carbon credit prices, as well as government- and corporate-led efforts to scale up these markets.

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