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Chinese Carbon Markets Trading Hits 337Mn Tonnes by June (Int'l)
China Carbon Market
Date: 2019-07-12
In Beijing, China's Ministry of Ecology and Environment reporting China's carbon emissions allowances trading reached 337 million tonnes at the country's nine carbon markets with a turnover of 7.3 billion yuan ($1.06 billion) by the end of June.

In June alone, the trading at nine carbon markets across the country were up 81.3 pct and 38.3 percent month on month, respectively, Xinhua said. (Source: China Ministry of Ecology and Environment, Xinhua, 11 July, 2019) Contact: China Ministry of Ecology and Environment, english.mee.gov.cn

More Low-Carbon Energy News China Carbon Market,  China Cap-and-Trade,  


Beijing Issues Initial Carbon Market Emissions Trading Rules (Int'l)
China's Ministry of Ecology and Environment
Date: 2019-04-05
In Beijing, China's Ministry of Ecology and Environment has issued the first set of draft rules for its long-awaited national carbon emissions trading scheme (ETS) since the platform's Dec., 2017, launch. The release of the document brings China, the world's biggest greenhouse gas emitter, closer to actual emissions trading that could help it meet commitments to tackle climate change.

According to the Ministry release, beginning next year both institutional and individual investors will be allowed to trade. Quotas for trading on the platform will be set and allocated by the State Council, the country's cabinet, based on economic growth, the country's "energy structure" and "other factors." Each unit in trading quotas will represent 1 tonne of carbon dioxide equivalent.

China plans to include all its coal-fired power plants, accounting for about 3 billion tonnes of greenhouse gas emissions, in the ETS from the first stage of trade, making it the world's biggest market for carbon emissions. (Source: China Ministry of Ecology and Environment, South China Morning Post, Reuters, 4 April, 2019) Contact: China Ministry of Ecology and Environment, english.mee.gov.cn

More Low-Carbon Energy News China Ministry of Ecology and Environment,  China Cap-and-Trade,  China Carbon Market,  Carbon Emissions ,  


China Set for November Carbon-Trading Plan Launch (Int'l)
National Development and Reform Commission
Date: 2017-09-08
Following-up on our February 6 coverage, after four years of pilot programs in 7 cities and provinces involving more than 2,000 "high emitting" companies and manufacturers, China is set to finally launch a nationwide cap-and-trade carbon-trading system in November to help curb greenhouse gas emissions.

According to the Chinese National Development and Reform Commission (NDRC), the system will cover companies with annual energy consumption of over 10,000 metric tons of standard coal. These companies are primarily in the petrochemical, chemical, building materials, iron and steel, nonferrous metals, paper, electric utilities and aviation sectors.

Carbon markets have been operating successfully in the European Union -- EU ETS -- and the U.S. state of California, despite some problems in determining prices and emissions caps. In time, China's national trading system could become the largest in the world and could help China meet its pledges to cut carbon emissions per unit of gdp by 40-45 pct below 2005 levels by 2020 and reach peak emissions by around 2030, according to the NDRC. (Source: NDRC, Radio Free Asia, Sept., 2017) Contact: China National Development and Reform Commission, en.ndrc.gov.cn

More Low-Carbon Energy News China Cap-and-Trade,  China Carbon Market,  China National Development and Reform Commission ,  

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