Demand signals needed to drive green steel development in China, report says
Chinese steelmakers need stronger demand signals, such as a much larger volume of purchase commitments, to spur investment in technologies to make green steel at scale, according to a report released Tuesday.
Read MoreGlobal climate fund assets rise to $572 bln in 2024, record first outflows -report
Mutual funds and ETFs with climate-related mandates rose to $572 billion in value through the first nine months of 2024, but also recorded their first outflows since 2018 of almost $24 bln this year, according to a report published by a research firm.
Read MoreCN Markets: November sees highest monthly trading volume this year as deadline looms
Prices in China’s national emissions market remained stable over the past week as trading volume surged, with analysts expecting liquidity to sustain throughout the rest of the year.
Read MoreVerra suspends issuances from six ARR carbon projects in India, China
International carbon standard Verra has suspended credit issuance from six afforestation projects in India and China, and placed them on hold following stakeholder comments.
Read MoreChinese energy giants establish industry consortium for CCUS development
Two state-owned Chinese energy majors are leading a new industry alliance set up to accelerate the development and commercialisation of carbon capture, utilisation, and storage (CCUS) in the country.
Read MoreLittle clarity on emissions pathway could complicate China’s climate targets, report says
There is still little clarity on China’s emissions pathway, which experts believe could leave open the possibility of emissions increases until 2030 and very slow reductions afterwards, despite recent policy progress, according to a report published Wednesday.
Read MoreCOP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreCN Markets: CEA price remains stable, weekly trading volume jumps
CO2 allowance prices in China’s carbon market remained stable over the past week, with a surge in the weekly trading volume as compliance demand continues to grow.
Read MoreCOP29: Trade issues complicate talks as countries call for EU CBAM to be simplified
The EU’s carbon border adjustment mechanism (CBAM) is adding tensions to already difficult negotiations at COP29 in Baku, with top government officials telling Carbon Pulse that the European Union should be more flexible with the policy.
Read MoreChina thermal power growth slows in October, solar and wind expansion continues
Growth in China’s thermal power generation slowed in October with a sustained high level of coal output, with analysts remaining optimistic about the country’s emissions reduction trajectory given the current pace of renewables expansion.
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