CDM under “back door” threat as Paris era looms
The CDM risks being killed “through the back door” as officials consider blocking post-2020 carbon offset activity rather than waiting for countries to agree on the UN mechanism’s future under the Paris Agreement.
Read MoreCARBON FORWARD 2020: Experts gather for eminent environmental markets conference
**THIS IS A FREE ARTICLE** – The fifth instalment of the premier annual environmental markets conference is back with a stellar virtual line-up, examining how EU climate ambition weighs against the COVID-19 pandemic and why carbon is a key commodity for investors to watch over the next decade.
Read MoreChina might need 800 MtCO2e/year from nature-based solutions -govt advisor
China will likely eventually need to store as much as 800 million tonnes of CO2e annually in natural sinks to meet its goal of becoming carbon neutral before 2060, according to a key climate policy advisor to the government.
Read MoreCarbon “key commodity to watch” this decade, big investors hear
Carbon has been labelled “a key commodity to watch” over the next decade as major investors seek to ‘green’ their portfolios.
Read MoreNatural carbon sinks “necessary” in EU’s 2030 plan, bloc’s climate commissioner says
The European Commission’s climate boss has defended the inclusion of natural sinks from the LULUCF sector in the EU 55% emissions reduction target plan, adding that early action would make the achievement of the bloc’s 2050 net zero goal more predictable.
Read MoreSenior official backs rapid expansion of China ETS
China’s steel sector should join the national emissions trading scheme as early as possible, a senior climate official said in Beijing over the weekend, signalling intent to accelerate the expansion of the world’s biggest carbon market.
Read MoreCN Markets: Pilot market data for week ending Sep. 25, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreANALYSIS: Xi’s climate plan could transform China’s carbon market, but only much later
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.
Read MoreChina commits to peaking GHG emissions before 2030, carbon neutrality before 2060
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.
Read MoreSouth Korean firm strikes rare China CDM deal
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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