CN Markets: CEAs drop to one-month low, weekly trading volume picks up
Permits in China’s national emissions trading scheme (ETS) fell below the 90 yuan ($12.61) mark over the past week, hitting their lowest level in a month, though trading activity picked up significantly to end the week with more than 2 million units changing hands.
Read MoreChina suspends steel capacity replacement plans
China’s industry ministry has instructed all regions to cease issuing new steel capacity replacement plans, a move that could change the dynamics in the oversupplied and ETS-destined market.
Read MoreChinese province seeks creation of first forest CCER credits since relaunch by year-end
The government of one of China’s northern provinces is aiming to secure carbon credits issued under the national voluntary programme from a large-scale afforestation project by the end of this year.
Read MoreChina approves far fewer coal plants, but pipeline remains robust
China’s rapid development of renewable energy has led to a slowdown in coal power project approvals, though the existing pipeline of projects could still pose a potential challenge for the country to meet its climate targets, analysts have said.
Read MoreINTERVIEW: Shanghai Electric launches electrolyser that improves green hydrogen economics
Shanghai Electric’s latest alkaline electrolyser will help to improve the economics of green hydrogen by being more energy efficient, boasting a higher production rate, an executive told Carbon Pulse.
Read MoreCN Markets: CEA price barely moves, weekly trading volume steady
CO2 allowance prices in China’s carbon market hovered around the 91 yuan ($12.70) level over the past week, while the weekly trading volume has remained steady.
Read MoreChina renewable energy expansion continues to outpace thermal generation
China saw strong annual growth in hydro and solar power production in July, while domestic thermal power generation continued to fall amid underwhelming economic recovery, according to government data.
Read MoreAsian CBAMs inevitable, but regional governments should collaborate, experts say
Asian equivalents to the EU’s Carbon Border Adjustment Mechanism (CBAM) will inevitably emerge as a way to ensure cash stays in their respective countries that would otherwise go to Europe, experts told a conference Thursday.
Read MoreSecurities firm leads call for China OECMs
A Shanghai- and Hong Kong-listed securities firm has issued a call for expressions of interest in Mainland China projects seeking status as Other Effective land-based Conservation Measures (OECMs) as part of the country’s efforts to meet its commitments under the Global Biodiversity Framework (GBF).
Read MoreCN Markets: CEA price remains rangebound, weekly trading volume picks up
CO2 allowance prices in China’s carbon market remained rangebound over the past week amid improved liquidity, though participants expect a pick-up in trading activity as the compliance deadline is approaching.
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