China’s Hubei to promote inclusive offset programme, forest carbon sinks
China’s Hubei province has announced plans to push forward a local carbon offset programme and encourage the development of forest carbon projects within the region.
Read MoreCN Markets: CEAs break new record again, prices likely above $14 until year end
Chinese carbon prices hit record highs again over the past week as the year-end compliance deadline draws near, with analysts expecting prices to stay well above the 100 yuan ($14.04) level throughout the rest of the year.
Read MoreMacao opens international carbon exchange
Macao this week unveiled a voluntary carbon exchange backed by a leading Chinese private equity firm, which aims to help China link up with international markets.
Read MoreBeijing to auction off 1 mln carbon permits under local ETS as compliance deadline draws near
The Beijing municipal government will auction one million carbon allowances under its pilot emissions trading scheme in November, with a price floor for the sale to be set later.
Read MoreChina’s new economic stimulus policy adds uncertainty to emissions outlook
New economic stimulus measures to prop up household consumption could bring greater uncertainty to China’s emissions outlook, even though the country’s annual emissions may fall this year thanks to the massive additions of renewables, analysts said.
Read MoreWarming will worsen global economic divide by disrupting forest ecosystems, researchers warn
Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.
Read MoreChina should introduce uniform price auctions to national ETS, say researchers
China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.
Read MoreGlobal wind turbine supply chain linked to illegal Amazon deforestation -investigation
A global increased push for wind energy has led to a rise in the illegal logging of balsa wood in Ecuador and Peru, resulting in deforestation and violation of Indigenous rights, according to a report published Wednesday by a London-based investigative non-profit.
Read MoreBRIEFING: With a year until full implementation, how Europe’s CBAM is driving ETS policy in Vietnam, China, and Taiwan
Nearly halfway through its transitional phase, Europe’s Carbon Border Adjustment Mechanism (CBAM) has become a major driver of carbon market policy across Asia, attendees at an industry conference in New Delhi heard this week.
Read MoreCN Markets: CEAs touch fresh all-time high, liquidity remains stable
Prices in China’s national emissions market hit a fresh all-time high over the past week amid stable trading volumes, buoyed by growing compliance demand.
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