Former NYC mayor Bloomberg offers $15 mln to cover UN funding gap
Michael Bloomberg, the billionaire businessman and philanthropist, has committed up to $15 million to cover any hole left in the UN climate body’s budget by the US departure from the Paris Agreement.
Read MoreCN Markets: Guangdong firm offers big permit batch below market price
A Guangdong power company on Tuesday called for bids to sell its surplus permits in the provincial emissions trading scheme, asking for a minimum price 27% below the secondary market.
Read MoreChinese aggregator offers loans for discounted CO2 allowances
Chinese carbon aggregator GreenTech is offering hard-to-get loans to emitters in exchange for Guangdong CO2 permits priced below market value.
Read MoreChina’s State Council approves CO2 target for petrochemicals, offers loans for carbon permits
China’s Cabinet has approved the petrochemicals industry’s 10% carbon intensity reduction target by 2020, while promising to help oil and gas firms get loans using pollution credits such as CO2 allowances as collateral.
Read MoreKorean chemical firm offers early offset forward deal
South Korea’s Hu-Chems Fine Chemical Corp. on Monday offered 1.5 million offsets in a five-year forward deal, what could be one of the first structured trades in the spot-focused Korean carbon market.
Read MoreUK MEP Ian Duncan offers resignation as EU ETS reforms co-ordinator
UK MEP Ian Duncan on Friday tendered his resignation as rapporteur in charge of steering post-2020 EU ETS reforms through the European Parliament in the light of the British vote to leave the EU.
Read MoreShanghai govt offers emitters free publicity for cancelling CO2 permits
The Shanghai Development and Reform Commission (DRC) on Wednesday offered ETS participants free media coverage in exchange for voluntarily cancelling CO2 allowances.
Read MoreDutch govt opposes EU carbon price floor, offers wishlist for post-2020 ETS reforms
The Dutch government wants to further strengthen the EU ETS but is against implementing a minimum carbon price, joining Germany in showing reluctance towards France’s price corridor proposal.
Read MoreHubei carbon exchange offers fee waiver to attract members
The Hubei carbon exchange is offering to waive fees for trading houses and out-of-province emitters that sign up as members before Sep. 30, in what may be seen as a move to strengthen its bid to play a part in China’s national emissions market.
Read MoreUN draft climate text offers two choices for carbon markets
The latest draft of a UN climate deal offers two main options for how international carbon markets will be dealt with under a post-2020 regime, down from six alternatives as part of a streamlining of the text almost 200 nations are aiming to agree in Paris in December.
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