CN Markets: CEAs lightly traded in the absence of new policy signals, bleak Q1 forecast
Volumes continued to drop in China’s emissions market over the past week, with price levels remaining rangebound, while analysts expect trading activity to be stalled this quarter given holiday factors and the lack of regulatory updates from the central government.
Read MoreShenzhen releases draft accounting guidelines for blue carbon
Shenzhen, home to more than 12 million people, has released a set of accounting guidelines for ocean-based carbon sink projects, as a broader ambition for the Chinese megacity to explore the potential of blue carbon.
Read MoreChina’s Sichuan, Guangzhou release regional plans for forestry carbon offsets
Two regional governments in China have become the latest to announce plans to develop forest carbon sink programmes, despite a lack of policy clarity due to the years-long suspension of the national offset scheme.
Read MoreChina releases policy draft for new energy system, highlighting market-based mechanisms
China’s energy regulator has issued a draft strategy with policy objectives for the country’s power sector over the coming decades, signalling the government’s increased emphasis on market-based means to build towards a renewable-based new power system.
Read MoreMore work needed to link Hong Kong with Chinese carbon markets -official
Hong Kong is still keen to find a way to link up with China’s carbon trading market, but more work has to be done to make that happen given the complexity of the issue, according to a top official at the Securities and Futures Commission (SFC).
Read MoreCN Markets: CEA trading grinds to a halt with lower volume and price as uncertainty remains
Sentiment in the Chinese carbon market has fallen off a cliff in recent days after a flurry of trading activity in the last week of last year, while the central government has yet to make a final decision on allocation and offset rules going forward.
Read MoreChina to study the possibility of including soil and water conservation in national voluntary market
China‘s State Council has recommended studying the possibility of including carbon sinks generated from soil and water conservation projects in its national offset market, in a move backing the long-awaited relaunch of the Chinese Certified Emissions Reductions (CCER) programme.
Read MoreChina’s Shandong to build regional offset scheme
Northern China’s Shandong province has rolled out a work plan for the construction of its own offset programme, the latest move for regional authorities in the country to explore new options in the absence of a national offsetting mechanism.
Read MoreMajor Chinese forestry firm builds partnerships with Shanxi and Hunan
State-owned China Forestry Group Corporation (CFGC) has recently formed partnerships with two regional authorities in China, the latest in a growing line of similar government-led collaborations to explore the potential of forestry projects.
Read MoreMajor Chinese foresty firm commits to developing carbon sink projects
One of China’s major forestry groups has agreed to cooperate with a Hong Kong-listed investment bank to develop forest carbon sink projects, as part of its plan to further tap into the emissions market.
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