CN Markets: Pilot market data for week ending Dec. 18, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.
Read MoreTianjin releases 2020 allocation plan for ETS
Tianjin has released the 2020 allocation plan for its municipal emissions trading market, tightening settings for local emitters and likely becoming the third region to ensure its local coal-fired power plant will be exempted from the national ETS in 2020.
Read MoreChina announces modest rise in near-term climate ambitions, saves real work for later
President Xi Jinping announced new, tougher 2030 targets for China’s climate change policy, though the adjustments to its previous Paris Agreement pledge were modest and did not include an absolute cap on greenhouse gas emissions.
Read MoreClimate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary
Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.
Read MoreLow interest repeats for Hubei’s second last-ditch auction
China’s Hubei province sold just over a third of the CO2 allowances on offer at its second auction this week, despite bidding being open to both emitters and financials.
Read MoreCN Markets: Pilot market data for week ending Dec. 11, 2020
Closing prices, ranges and volumes for China’s regional pilot carbon markets this week. All prices are in RMB, and volumes in tonnes of CO2e. Data sourced from local exchanges.
Read MoreFirst of Hubei’s two last-ditch CO2 auctions fails to sell out
Hubei’s Wednesday auction for ETS participants sold just over half of the 2 million allowances on offer, with the remainder transferred to Friday’s open-for-all sale.
Read MoreMajor Chinese state-owned power company pledges early CO2 peak
One of the biggest companies due to participate in China’s national emissions trading scheme has announced it aims to peak its CO2 emissions seven years ahead of schedule, as major companies ramp up voluntary pledges in line with President Xi Jinping’s carbon neutral commitment.
Read MoreResearchers urge removal of older offsets, legacy projects to save global voluntary carbon market
Call it the ‘first-mover disadvantage’. Researchers are urging for carbon credits generated from historical emissions reductions, as well as the older projects that created them, to all be purged in a bid to save the global voluntary offset market.
Read MoreModerate, but rising price expectations for China’s national ETS -survey
Chinese market participants believe prices in the national emissions trading scheme will start off slightly higher than the level they estimated last year, though overall price expectations remain modest, a survey showed Tuesday.
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