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CN Markets: Pilot market data for week ending Dec. 18, 2020

Published 12:31 on December 18, 2020  /  Last updated at 13:02 on December 18, 2020  /  China, China's Pilot Markets  /  No Comments

Closing prices, ranges and volumes for China’s regional pilot carbon markets this week.

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Tianjin releases 2020 allocation plan for ETS

Published 10:32 on December 18, 2020  /  Last updated at 02:20 on December 19, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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.

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China announces modest rise in near-term climate ambitions, saves real work for later

Published 16:32 on December 12, 2020  /  Last updated at 17:36 on December 12, 2020  /  China, China's National ETS, Climate Talks, International  /  No Comments

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.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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.

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Low interest repeats for Hubei’s second last-ditch auction

Published 11:28 on December 11, 2020  /  Last updated at 12:44 on December 11, 2020  /  China, China's Pilot Markets  /  No Comments

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.

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CN Markets: Pilot market data for week ending Dec. 11, 2020

Published 10:13 on December 11, 2020  /  Last updated at 11:18 on December 11, 2020  /  China, China's Pilot Markets  /  No Comments

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.

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First of Hubei’s two last-ditch CO2 auctions fails to sell out

Published 07:56 on December 10, 2020  /  Last updated at 09:08 on December 10, 2020  /  China, China's Pilot Markets  /  No Comments

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.

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Major Chinese state-owned power company pledges early CO2 peak

Published 11:01 on December 9, 2020  /  Last updated at 18:22 on December 9, 2020  /  Asia Pacific, China, China's National ETS, China's Offset Market, Voluntary Market  /  No Comments

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.

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Researchers urge removal of older offsets, legacy projects to save global voluntary carbon market

Published 20:56 on December 8, 2020  /  Last updated at 00:46 on December 9, 2020  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

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.

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Moderate, but rising price expectations for China’s national ETS -survey

Published 09:54 on December 8, 2020  /  Last updated at 21:15 on December 8, 2020  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

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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