China’s Shenyang releases draft rules for its pilot carbon market
The municipal government of Shenyang has released draft regulations for what will become China’s ninth regional carbon market, with an eye to linking to other regions over time.
Read MoreTrading in China’s carbon market now tipped to begin early 2021
The first trades in China’s national emissions trading scheme are likely to take place early next year, an advisor to the government said over the weekend, meaning the country is likely to miss its 2020 target start date for the market, though compliance obligations are still set to be backdated to 2019.
Read MoreExemptions cancel out stricter benchmark in new China ETS allocation plan
China’s environment ministry has tightened the overall benchmark for large coal-fired power plants in the national emissions trading scheme, but introduced loopholes that cancel out most potential CO2 cuts from the stricter standard, according to an updated draft released Friday evening.
Read MoreCN Markets: Pilot market data for week ending Nov. 20, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreChina should ban new coal plants, aim for $30/t carbon price -report
China needs to immediately halt construction of new coal-fired power plants and aim for a 200 yuan ($30) per tonne price of carbon in its emissions trading scheme to get on track to meeting its target of reaching net zero emissions by 2060, according to a report released Friday.
Read MoreCN Markets: Pilot market data for week ending Nov. 13, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreCN Markets: Pilot market data for week ending Nov. 6, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreChina’s Guangdong province to hand out carbon credits for donating, selling second-hand clothes
The Guangdong provincial government has approved a pilot project to award carbon credits to companies, groups, and individuals that sell or donate used clothing, the first jurisdiction in the world to do so.
Read MoreANALYSIS: Market braces for massive offset uptake in China’s carbon market
Offset trading in China’s national ETS could hit 250-500 million units in the market’s first year once the government finalises rules and begins issuing new credits, according to traders and analysts.
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