China can unlock vast methane reductions at negative cost, study finds
China can reduce huge amounts of methane at a profit with the greatest short-term potential available in the energy sector, though the long-term abatement outlook will depend on government support for agriculture to explore its mitigation opportunities, according to a recent study.
Read MoreDeveloped countries should take on extra carbon reduction, removal onus on top of national targets -researchers
With the global carbon budget for a 1.5C rise in temperatures set to be exceeded, researchers have floated the idea of assigning rich countries responsibility for extra emissions reductions and carbon removals in addition to achieving their own national targets.
Read MoreChinese protected areas cover just half of priority conservation sites, study says
Approximately half of China’s protected areas (PAs) overlap with priority sites for species preservation, indicating high potential for enhancing conservation efforts across the country, according to a new paper.
Read MoreChina passes first-ever energy law, backs development of renewables and hydrogen
Chinese legislators have passed the country’s first energy law, giving additional legal clout to the development of renewable energy and hydrogen.
Read MoreCOP29: INTERVIEW – China has been more helpful than Europe in green cooperation, says Bahamas
The Bahamas envoy to the COP29 UN climate summit has called out Europe for seeking “business as usual” commercial relationships in bilateral green development talks, saying cooperation with China has yielded more results, particularly in areas like electric mobility.
Read MoreCN Markets: CEAs extend all-time high, weekly trading volume surges
Prices in China’s national emissions market hit a fresh all-time high again the past week while trading volume surged, buoyed by growing compliance demand, though a newly introduced carryover policy may complicate the price growth outlook.
Read MoreBRIEFING: EU’s CBAM brings uncertainty to Chinese exporters, despite planned carbon market expansion
The emergence of carbon border adjustment mechanisms (CBAM) has created a heightened sense of uncertainty among Chinese exporters, despite China’s recent policy progress in expanding its mandatory carbon market, analysts said this week.
Read MoreChina’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.
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