China urged to introduce green public procurement for decarbonisation in steel, cement
The introduction of green public procurement (GPP) has great potential to significantly drive down China’s emissions associated with construction materials, particularly steel and cement, according to a report published Tuesday.
Read MoreChina ETS should introduce market-based adjustment mechanism -study
China should introduce new policies to reverse the dynamics in its oversupplied carbon market, as the carbon price is still far from the optimal level for meeting the country’s climate targets, a report has argued.
Read MoreVCM Report: Second oil major makes a splash in retirement of voluntary carbon credits
A huge number of African REDD voluntary carbon credits were retired by an oil and gas major last week, but spot activity was thin and trading generally lacklustre as prices kept steady.
Read MoreCBAM to have limited impact on emissions, but greatly affect trade for developing Asia, ADB says
The roll-out of the EU’s carbon border adjustment mechanism (CBAM) will help address the risk of carbon leakage, but it will have limited impact on global emissions reductions while significantly reducing exports into the European bloc from some Asian sub-regions, the Asian Development Bank (ADB) has found.
Read MoreCN Markets: CEA, CCER volumes continue to drop amid sluggish demand
Trading in China’s carbon market has remained muted after the recent holiday with relatively low liquidity amid sluggish demand, even as the spot allowance price reached the highest level since the beginning of the year.
Read MoreChina ETS could cut costs by 30% with auctions -report
Introducing an auctioning mechanism can lower the economic costs of China’s emissions trading scheme by at least 30% and reduce distortions associated with pre-existing taxes, a report has found.
Read MoreChina to draft technical standards for CCUS development, carbon management
China is planning to formulate technical standards for the development of carbon capture, utilisation, and storage (CCUS) by 2025 as part of a broader roadmap to peak emissions from domestic industries by the end of this decade.
Read MoreRising emissions leaves China way off track against 2025 climate targets -report
China needs to cut emissions by at least 4% to meet its carbon intensity targets, given an increase in last year’s CO2 output due to continued demand for coal-fired power, a report has found.
Read MoreCompliance markets will bring guardrails, scale to voluntary carbon as the two converge -experts
The regulatory backbone of compliance mechanisms will help to support and scale the voluntary carbon market (VCM) as the two increasingly overlap, with buyers moving away from individual project assessment to rely instead on the oversight of schemes like CORSIA and Article 6 as a benchmark for credit quality, experts told a webinar Wednesday.
Read MoreTokyo tops global list of cities requiring vast afforestation to combat high emissions
Tokyo would need to plant over two billion trees to offset the more than 320 million tonnes of CO2 it emits every year, making it the city the most in need of afforestation to counteract its carbon emissions, new research finds.
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