Hong Kong govt advisors say two-way link with China crucial for carbon hub status
An advisory body to the Hong Kong government has outlined the main steps needed to establish itself as a major carbon trading hub, focusing on securing a position as a link between Mainland China and the global market.
Read MoreCN Markets: CEA price falls to two-month low, growth momentum may come later
Prices in China’s national emissions market hit a two-month low over the past week, though some expect it to recover later this month ahead of the Dec. 31 compliance deadline.
Read MoreChina seeking comments on steel sector emissions accounting rules
China’s environment ministry is seeking comments on emissions accounting rules for domestic steelmakers, as the sector will soon be included in the national emissions trading scheme.
Read MoreChinese emissions exchange launches carbon pledge services for local ETS
An exchange that supports one of China’s pilot carbon markets has unveiled an online financing service targeting carbon pledges in a latest attempt to explore innovative financial instruments.
Read MoreChinese papermaker secures contracts to grow carbon project pipeline
A Shanghai-listed forestry and paper company is gearing up for the expansion of its nature-based carbon business in China, with several new projects in the pipeline.
Read MoreChinese conglomerate launches climate tech innovation programme
A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.
Read MoreChina sees first registered voluntary carbon project since market relaunch
China has seen the registration of a first voluntary project under its national offset scheme since the market relaunched earlier this year, moving one step closer to the issuance of new credits.
Read MoreDemand signals needed to drive green steel development in China, report says
Chinese steelmakers need stronger demand signals, such as a much larger volume of purchase commitments, to spur investment in technologies to make green steel at scale, according to a report released Tuesday.
Read MoreGlobal climate fund assets rise to $572 bln in 2024, record first outflows -report
Mutual funds and ETFs with climate-related mandates rose to $572 billion in value through the first nine months of 2024, but also recorded their first outflows since 2018 of almost $24 bln this year, according to a report published by a research firm.
Read MoreCN Markets: November sees highest monthly trading volume this year as deadline looms
Prices in China’s national emissions market remained stable over the past week as trading volume surged, with analysts expecting liquidity to sustain throughout the rest of the year.
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