China’s thermal power growth outpaces total output in September
China saw annual growth in thermal power production outpace total power output in September, while hydro posted a double-digit annual decline, according to government data released Friday.
Read MoreChina increases CO2 allocation levels in final ETS allocation plan for 2023-24
China’s environment ministry has released the final carbon allowance allocation plan for the years 2023 and 2024, marginally easing the settings for coal-fired power plants compared to the previous draft as some 68 million additional CO2 permits are now set to be handed out in each of the two years.
Read MoreAPAC needs $89 trillion in energy sector investment to achieve net zero, report says
The Asia Pacific region will need energy sector investments of around $89 trillion from now to 2050 to achieve net zero by mid century, according to a report released Wednesday.
Read MoreChina continues to back coal power overseas despite commitment, report says
China is still supporting the expansion of coal power overseas, with captive units remaining a loophole in the country’s overseas coal ban, a report has found.
Read MoreChinese regulators open to financial institutions participating in national carbon market
Chinese regulators have released guidance on the development of green finance in the country, outlining several policy targets including participation of financial institutions in the national carbon market and coordination among government agencies.
Read MoreBabies and boomers: Changes to China’s fertility, retirement policies threaten emissions goals
China’s efforts to address its aging population by relaxing fertility policies and delaying the retirement age could lead to a significant rise in the country’s carbon emissions, according to a new study.
Read MoreCN Markets: CEAs hold firm amid growing demand, trading volumes surge
Prices in China’s CO2 allowance market remained above 100 yuan ($14.15) after the Golden Week holidays, with a surge in weekly trading volumes amid growing compliance demand.
Read MoreBeijing to prioritise compliance use of locally created credits
Beijing will give priority to carbon credits generated within the region, allowing emitters to use more locally created units to offset part of their obligations under the local emissions trading scheme.
Read MoreEnergy emissions will peak in 2024, but Paris goals still out of reach -report
Global energy-related emissions will likely peak in 2024 and start a sustained decline for the first time since the industrial revolution – yet global warming will remain on track to shoot past 2C, according to a report on Wednesday.
Read MoreShanghai unveils local voluntary methodology for salt marsh restoration
Shanghai has introduced a voluntary methodology for salt marsh restoration to create carbon credits under a regional offsetting programme.
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