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ANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later

Published 17:49 on September 24, 2020  /  Last updated at 17:49 on September 24, 2020  /  China, China's National ETS, China's Offset Market, International, Voluntary Market  /  No Comments

President Xi Jinping’s 2060 carbon neutral target will likely bring about massive offset demand in China in the long run, but market participants and observers expect the nation’s fledgling emissions trading system to remain unaffected initially.

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China commits to peaking GHG emissions before 2030, carbon neutrality before 2060

Published 16:54 on September 22, 2020  /  Last updated at 23:13 on September 23, 2020  /  China, China's National ETS, Climate Talks, International  /  No Comments

China will strengthen its climate policies, strive to peak its emissions before 2030, and become carbon neutral before 2060, President Xi Jinping told the UN General Assembly Tuesday in a surprise move that signals a significant step-up in climate ambition for the world’s biggest emitter.

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South Korean firm strikes rare China CDM deal

Published 08:43 on September 22, 2020  /  Last updated at 12:13 on September 22, 2020  /  Asia Pacific, China, China's Offset Market, International, Kyoto Mechanisms, South Korea  /  No Comments

A South Korean firm has struck a rare deal with a Chinese petrochemical group that will see the two launch a Clean Development Mechanism (CDM) project to generate carbon credits eventually eligible for compliance use in the South Korean emissions trading scheme.

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CO2 neutrality pledges build among corporates and subnational govts, though inconsistencies remain -report

Published 23:00 on September 21, 2020  /  Last updated at 23:00 on September 21, 2020  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Other APAC, South & Central, US, Voluntary Market  /  No Comments

Net zero emissions pledges are ramping up but in subnational jurisdictions and among companies, but the ultimate scope of these efforts could determine their long-term effectiveness in reducing GHG, according to new analysis published Monday. 

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China’s State Council backs voluntary offset exchange

Published 13:55 on September 21, 2020  /  Last updated at 21:42 on September 21, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

China’s State Council has backed the establishment of a separate exchange for trading voluntary carbon credits likely to be set up in the Beijing region, which some market observers expect to gradually take over handling of CCERs.

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CN Markets: Pilot market data for week ending Sep. 18, 2020

Published 12:12 on September 18, 2020  /  Last updated at 12:12 on September 18, 2020  /  China, China's Pilot Markets  /  No Comments

Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.

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Carbon neutral LNG faces uphill battle in China, gas distributor says

Published 10:38 on September 18, 2020  /  Last updated at 00:19 on September 19, 2020  /  Asia Pacific, Carbon Taxes, CBAM, China, China's Offset Market, International, Voluntary Market  /  No Comments

The recent failure to fetch any premium at China’s first-ever carbon neutral LNG auction shows market appetite is still low, but upstream suppliers can help by improving their information disclosure, according to a report released by a state-owned gas distributor.

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China shows openness to firmer long-term climate commitments

Published 17:34 on September 16, 2020  /  Last updated at 02:05 on September 17, 2020  /  China, Climate Talks, International  /  No Comments

China is willing to contribute more on climate change and is studying carbon neutrality as part of a long-term strategy, according to a comment by a foreign ministry spokesman that was enthusiastically welcomed internationally but met with scepticism by domestic observers.

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EU and China agree to keep talking on climate ambition after leaders meet

Published 19:00 on September 14, 2020  /  Last updated at 22:14 on September 14, 2020  /  China, China's National ETS, EMEA, EU ETS, International  /  No Comments

China and the EU have agreed to establish a regular high-level dialogue to further discuss the extent to which Beijing can raise its climate ambition, EU leaders confirmed on Monday after talks with President Xi Jinping.

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China posts first positive power consumption numbers for 2020

Published 12:40 on September 14, 2020  /  Last updated at 00:00 on September 15, 2020  /  China, China's National ETS  /  No Comments

China’s year-to-date total power consumption at the end of August stood 0.5% above the same period in 2019, government data showed Monday, the first time this year the nation has posted positive numbers as the world’s biggest-emitting economy continues to recover from the COVID-19 pandemic.

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