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Value of US carbon allowance ETFs tops $100 mln as investor interest heats up

Published 17:46 on April 1, 2021  /  Last updated at 21:21 on April 1, 2021  /  Americas, Aviation/CORSIA, Bavardage, Canada, China, EMEA, EU ETS, International, Kyoto Mechanisms, Switzerland, UK ETS, US  /  No Comments

The combined value of the two US-listed carbon allowance ETFs has topped $100 million while daily trading volumes surge, as investors continue to swarm into the fast-growing asset class.

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CN Markets: CCER bids rise to nearly 30 yuan as national ETS launch looms

Published 12:44 on April 1, 2021  /  Last updated at 01:25 on April 2, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Interest in offsets is rising in China with traders taking punts on units they think will be eligible in the national ETS, while Chongqing and Guangdong performed best among the regional pilot markets over the past month.

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Decades-old disagreements to dominate final months of Carney-led offset taskforce

Published 22:24 on March 31, 2021  /  Last updated at 03:49 on April 1, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, Uncategorized, US, Voluntary Market  /  No Comments

UN climate finance envoy Mark Carney’s Taskforce on Scaling Voluntary Carbon Markets (TSVCM) hopes to conclude this summer with a report describing provisional agreement on environmental principles for verified emissions reductions (VERs), but must now confront long-standing issues around the role of REDD+ projects and governance. 

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New ETF offers high exposure to hydrogen economy

Published 15:08 on March 31, 2021  /  Last updated at 00:50 on April 1, 2021  /  Americas, Asia Pacific, Canada, China, EMEA, International, US  /  No Comments

Asset manager VanEck on Wednesday launched a new ETF focused on companies that generate at least 50% of their revenues from hydrogen projects or have the potential to do so.

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UPDATE – Middle East carbon standard approved as newest CORSIA offset programme

Published 21:37 on March 30, 2021  /  Last updated at 15:23 on March 31, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, China, China's Offset Market, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

The ICAO Council this month upgraded the Qatar-based Global Carbon Council (GCC) to supply units for the international aviation offsetting scheme CORSIA, while the UN body also extended the eligibility dates for one already-approved programme.

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China sets year-end compliance deadline for 2019, 2020 ETS emissions

Published 12:43 on March 30, 2021  /  Last updated at 12:44 on March 30, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

More than 2,200 power companies covered by China’s national emissions trading scheme will have to surrender allowances for their 2019 and 2020 CO2 emissions by Dec. 31, the government said Tuesday.

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China prepares to give emissions trading scheme a legislative foundation

Published 07:57 on March 30, 2021  /  Last updated at 09:11 on March 30, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s Ministry of Ecology and the Environment (MEE) on Tuesday released draft legislation that aims to write the national ETS into law, a move that would bolster the scheme’s authority and enable the government to hand out stricter penalties for non-compliance.

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VCM Report: VER prices slide on lower volume, though renewables restrictions boosting long-term bullishness

Published 21:37 on March 29, 2021  /  Last updated at 22:03 on March 29, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, China, China's Offset Market, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

Voluntary emission reduction (VER) prices dipped this week as market participants reported less activity in exchange-traded contracts, though restrictions on the eligibility of large-scale renewables projects are helping sustain voluntary carbon market (VCM) values across the spectrum.  

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China moves to bolster data weak spots for carbon market

Published 14:43 on March 29, 2021  /  Last updated at 14:43 on March 29, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

China’s environment ministry on Monday released new rules designed to prevent false reporting of emissions under its national CO2 trading scheme, targeting dozens of state-owned enterprises that have tasked their own subsidiaries with verifying their CO2 output.

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MARC(U) MY WORD: Ensuring the acceptability of border carbon adjustments

Published 14:00 on March 26, 2021  /  Last updated at 21:27 on March 29, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, Climate Talks, Dialogue, EMEA, EU ETS, International, Views  /  No Comments

EU discussion over imposing a border carbon adjustment has mostly focused on the technical design and implementation challenges raised by this complex instrument. Even the most robust design will mean little, however, if the measure fails to secure buy-in from relevant stakeholders in Europe and abroad, write Andrei Marcu of think-tank ERCST and Michael Mehling of MIT.

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