Beijing 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.
Read MoreChina releases work plan to improve carbon accounting
Chinese regulators have jointly released a work plan to improve the country’s carbon accounting systems, requiring the central and regional governments to report emissions data on an annual basis.
Read MoreShare of fossil fuel power falling to 50% across BRICS group, driven by Chinese solar -report
The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday.
Read MoreCN Markets: CEA prices reaches record high as compliance deadline draws nearer
Prices in China’s national emissions market hit a record high over the past week, as the market continued to gain momentum amid growing compliance demand.
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