Verra 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.
Read MoreCOP29: “Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
“Dark vessels”, or ships that disable their tracking systems, are responsible for at least 7% of global maritime emissions, secretly releasing more than 80 million tonnes of CO2 annually, while unfettered methane output from the oil and gas sector is contributing to the unrelenting rise in global greenhouse gas emissions.
Read MoreCN Markets: CEAs extend record high again, volume continues to increase
Chinese carbon prices hit record highs again over the past week as the emissions market continued to gather momentum from emerging demand ahead of the year-end compliance deadline.
Read MoreCOP29: US-China dialogue “extremely positive” on non-CO2 emissions controls, says White House official
A White House official said Thursday that the US has had active and productive negotiations with Chinese delegates over reducing non-CO2 greenhouse gases (GHG), adding that Beijing has signalled interest in implementing regulatory controls over non-CO2 gases similar to those in the US.
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