Shanghai to auction off CO2 permits under regional ETS
The Shanghai government will auction off carbon allowances under its emissions trading scheme at the end of this month to ensure regulated companies can acquire sufficient permits for compliance purposes.
Read MoreJapanese trading house signs first long-term offtake agreement for green ammonia
One of Japan’s major trading companies has agreed to source green ammonia from a Chinese supplier, it announced Tuesday.
Read MoreAsia seen to struggle making carbon markets work for local communities
Asia’s carbon markets are maturing fast, but efforts to deploy nature-based projects for climate action still face hurdles stemming from red tape, evolving regulations, and the challenge of winning local community support, a conference heard last week.
Read MoreChina eyes absolute CO2 emissions cap for national ETS
China plans to reform its intensity-based emissions trading scheme in the coming years and impose an absolute cap on carbon emissions, according to a recent government notice.
Read MoreCalifornia class action suit targets RJ Reynolds for using dubious offsets to market Vuse vapes as carbon neutral
RJ Reynolds Vapor Company and its parent British American Tobacco (BAT) are facing a proposed class action lawsuit in California alleging they misled consumers by falsely claiming that their Vuse vape products are carbon neutral by using offsets tied to questionable forestry projects.
Read MoreCN Markets: CEAs move in narrow range ahead of holiday, liquidity drops
Trading activity in China’s national emissions market slowed this week ahead of a national holiday, with carbon prices continuing to fall amid bearish sentiment.
Read MoreBRIEFING: Greening the steel industry will take time, but near-term emissions cuts can’t be ignored, conference hears
Green steel is likely a long way off from being a commercially viable product, but producers could take a range of steps now to begin cutting emissions that would barely affect their bottom line, a conference in Singapore heard this week.
Read MoreCN Markets: CEAs fall back below RMB 70 amid selling pressure, CCERs hold higher
Permit prices in China’s national emissions market this week again fell below the RMB 70 ($9.72) mark amid mounting selling pressure, remaining at 16-month lows, while the country’s offset market still saw credits traded above RMB 80.
Read MoreBRIEFING: China may replicate solar and battery success with green shipping fuels growth -expert
There are indications that China is ramping up its capacity to produce green, synthetic fuels for shipping, with potential for it to scale the market for e-methanol and ammonia much like it did with solar and battery production, said an expert on a briefing Thursday.
Read More