Chinese province launches local carbon offset programme

Published 10:12 on July 24, 2024  /  Last updated at 10:12 on July 24, 2024  / Chia-Erh Kuo /  Asia Pacific, China

Jiangxi has become the latest Chinese province to launch a local offsetting programme, with plans to create millions of carbon credits by the end of the decade.

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China advised to seek bilateral crediting model with Belt & Road Initiative countries

Published 10:44 on July 23, 2024  /  Last updated at 10:44 on July 23, 2024  / Chia-Erh Kuo /  Asia Pacific, China, International, Other APAC, Paris Article 6, Voluntary

China should consider creating a bilateral model with countries under the Belt and Road Initiative (BRI) to help drive down emissions through an international cooperation approach proposed by the Paris Agreement, a report has suggested.

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Study finds close balancing act for carbon storage in world’s forests

Published 10:47 on July 22, 2024  /  Last updated at 10:47 on July 22, 2024  / Helen Clark /  Americas, Asia Pacific, China, EMEA, International, Nature-based, Voluntary

The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.

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Permit surplus in China ETS negligible, according to govt data

Published 10:35 on July 22, 2024  /  Last updated at 10:35 on July 22, 2024  / Chia-Erh Kuo /  Asia Pacific, China

The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.

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APAC countries should consider complementary policies to ensure effective carbon pricing -IMF

Published 05:05 on July 22, 2024  /  Last updated at 05:05 on July 22, 2024  / Chia-Erh Kuo /  Asia Pacific, China, Japan, Other APAC, South Korea

Policymakers in the Asia Pacific should take into consideration complementary policy options such as power sector reforms and fuel tax changes when drawing up carbon pricing schemes, according to the International Monetary Fund (IMF).

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CN Markets: CEA price continues to drop, trading volumes remain steady

Published 12:00 on July 19, 2024  /  Last updated at 12:00 on July 19, 2024  / Chia-Erh Kuo /  Asia Pacific, China

China’s national carbon market saw its price continue to fall this week amid slightly decreased liquidity, though some believe that the price effect of a new carryover mechanism will not appear until next year.

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China CCER registry system sees surge in account registration

Published 10:03 on July 19, 2024  /  Last updated at 10:03 on July 19, 2024  / Chia-Erh Kuo /  Asia Pacific, China

More than 4,500 participants in China’s voluntary carbon market have opened accounts on the national registry platform since the restart of the domestic offset programme earlier this year.

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Asia driving global surge in electricity demand as EU industrial slump drags on -IEA

Published 08:08 on July 19, 2024  /  Last updated at 08:08 on July 19, 2024  / Frédéric Simon /  Americas, Asia Pacific, China, EMEA, EU ETS, International

Global demand for electricity is on track to be among the highest in two decades this year, driven by EVs and a solar boom in China, while demand in Europe remains depressed in the aftermath of the 2022 energy crisis, according to the International Energy Agency (IEA).

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China’s Heilongjiang sees first forest offset transaction under local programme

Published 11:42 on July 18, 2024  /  Last updated at 08:34 on July 24, 2024  / Chia-Erh Kuo /  Asia Pacific, China, Nature-based, Voluntary

A Chinese province known for its local timber industry has completed a first transaction of forest carbon credits under a recently launched provincial programme, as the regional government seeks to explore the potential of nature-based projects.

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Think tank releases guidelines for Canadian policymakers facing “trilemma” to achieve low-emissions supply chains

Published 00:40 on July 17, 2024  /  Last updated at 00:40 on July 17, 2024  / Joan Pinto /  Americas, Asia Pacific, Canada, China, EMEA, International, US

A Canadian non-partisan think tank on Tuesday identified trade-offs and policy options for lawmakers in their quest to decarbonise low-emission energy technology supply chains, while supporting national security and compliance with global trade rules.

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