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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's 2018 Carbon Emissions on Dramatic Rise (Int'l Report)
China Carbon Emissions
Date: 2018-12-10
In a recap of 2018, the biggest climate change-carbon emissions story may be that China, the world's single largest emitting country, grew its output of planet-warming gases by an estimated half a billion tons.

The country's sudden increase in carbon emissions could be linked to a wider slowdown in the economy, environmental, some analysts say. According to China's top planning agency three areas -- Liaoning in the northeast Rust Belt and the big coal-producing regions of Ningxia and Xinjiang in the northwest -- failed to meet their targets to curb energy consumption growth and improve efficiency last year due to the current economic downturn but, the agency noted, these areas were not representative of the whole country.

Coal accounts for approximately 60 pct of China's total energy consumption, but the government hopes to bring it down to 10 pct by 2050 through increased investment in renewables and green energy. China's carbon intensity declined by 46 pct by 2017 from 2005 levels. the Ministry of Ecology and Environment reported earlier this week. It had expected it would take until 2020 to reach the targeted 40-45 pct reduction. (Source: Ministry of Ecology and Environment, Dec., 2018) Contact: China Ministry of Ecology and Environment, english.mee.gov.cn

More Low-Carbon Energy News Carbon Emissions,  Climate Change,  China Carbon Market,  


China's Carbon Market Trades Exceed $863Mn (Int'l Report)
Ministry of Ecology and Environment
Date: 2018-11-30
China's Ministry of Ecology and Environment is reporting the country's seven fledgling pilot carbon trading schemes reached $863.9 million as total of 250Mt of CO2 changed hands on the exchanges by the end of October.

China's pilot CO2 trading schemes cover the cities of Beijing, Tianjan, Shanghai, Chongqing and Shenzhen, and the provinces of Guangdong and Hebei. In 2017, the cities-regional schemes were replaced by a national scheme which has to date made limited progress, according to the Ministry of Ecology and Environment. (Source: China Ministry of Ecology and Environment, CemNet, Others, 26 Nov., 2018) Contact: China Ministry of Ecology and Environment, http://english.mee.gov.cn

More Low-Carbon Energy News China Carbon Market,  


Chinese Carbon Trading Transactions Top $860Mn (Int'l Report)
China Carbon Market,Chinese Ministry of Ecology and Environment
Date: 2018-11-28
In Beijing, the Chinese Ministry of Ecology and Environment is reporting the country's carbon trading transaction values have exceeded 6 billion yuan ($860 million) since June 2013, with traded emission quotas exceeding 270 million tonnes.

The agency noted that "China's carbon emission declined both in intensity and amount in the pilot carbon trading areas. The carbon market has fulfilled its role in controlling greenhouse gas emissions and promoting low-carbon development." The agency added that China will advance the construction of carbon trading market and gradually expand the number of industries, trading entities and categories that participate in the national carbon market which was launched in 2017.

The Chinese carbon emissions trading system includes power generation, iron and steel production and cement manufacturing sectors in seven provinces and municipalities.

Under the Paris Climate Agreement, China will cut its carbon emissions per unit of GDP by 60 to 65 pct by 2030 from the 2005 level. By the end of 2017, China had cut CO2 emissions per unit of GDP by 46 pct from 2005 levels, fulfilling its commitment to reduce CO2 emissions by 40 to 45 pct from the 2005 level by 2020. (Source: Chinese Ministry of Ecology and Environment, Xinhua, 26 Nov., 2018)Contact: China National Development and Reform Commission, en.ndrc.gov.cn; Chinese Ministry of Ecology and Environment, english.mee.gov.cn

More Low-Carbon Energy News China Carbon Market,  Cap-and-Trade,  CO2,  Carbon Emissions,  


China's Carbon Emissions Reduction Ahead of Schedule (Int'l)
Chaina Carbon Emissiosn
Date: 2018-11-21
In China, the recently released 2018 Global Ecological Environment Sensing Report from the National Remote Sensing Center under the Ministry of Science and Technology, has found that China has met its goal of reducing its carbon intensity -- emissions per unit of GDP - three years ahead of schedule as set by the State Council in 2009.

In 2017, China's carbon intensity, measured in kilograms of carbon emitted to produce $1 of gross domestic product, was 46 pct lower than in 2005, fulfilling the country's goal to cut carbon emissions by 40 to 45 pct by 2020.

The report notes that despite the gradual decrease, China's carbon intensity level is still higher than that of developed countries. The report also found China, followed by the United States, are the world's top carbon emitting countries among the world's major economies, producing around 2.77 and 1.45 billion tons in 2016.

According to the report, more than 1,700 power companies, accounting for more than 3 billion tons of carbon emissions, had entered China's pilot carbon market by the end of 2017. The market allows the trading of carbon emission units between companies, encouraging them to limit or reduce their greenhouse gas emissions. (Source: ECNS, 17 Nov., 2018)

More Low-Carbon Energy News China Carbon Market,  Carbon Emissions,  China Carbon Emissions,  


China Expects to Meet COP21 Pledge Ahead of Schedule (Int'l)
China Carbon Emissions
Date: 2018-05-25
Speaking from Beijing, Xie Zhenhua, China's chief negotiator at the 2015 Paris climate agreement said the country could meet its pledge to cap carbon emissions ahead of its target of around 2030.

In late 2015, Chine, the world's biggest emitter of climate-warming greenhouse gases, had already met several objectives it promised to fulfil by 2020, including cutting its carbon intensity by 40 pct to 45 percent three years early, Xie Zhenhua added.

China launched the first phase of its nationwide carbon market last December after months of delays. It currently covers only the power sector but will be extended to other emitters at a later stage. (Source: New Stage, Various Media, Reuters, 27 May, 2018)

More Low-Carbon Energy News COP21,  China Carbon Market,  China Carbon Emissions,  Climate Change,  Carbon Emissions,  


Chinese Carbon Market Boosts Emissions Controls (Int'l Report)
China,Carbon Emissions
Date: 2018-03-30
In Shanghai, the Chinese news agency Xinhua is quoting the country's climate change specialist Xie Zhenhua as saying China's carbon trading system enabled the country to reach its 2020 carbon emissions target 3 years ahead of schedule in 2017. According to Xie Zhenhua, China cut its CO2 emissions per unit of GDP by 46 pct from the 2005 level, fulfilling its commitment to reduce CO2 emissions by 40 to 45 percent from the 2005 level by 2020.

From 2005 to 2015, China's economy grew by 1.48 times, and at the same time, the carbon intensity dropped by 38.6 pct. In 2016, the rate continued to fall by 6.6 pct year on year. Under the Paris Agreement, China will have to cut CO2 per unit of GDP by 60-65 pct by 2030 from the 2005 level.

China's carbon emissions trading system was initiated in 2011 and includes power generation, iron and steel production and cement manufacturing sectors in seven provinces and municipalities including Shanghai, Xie said. To date, 200 million tonnes of carbon emissions quotas had been transacted via the platform by the end of 2017, with total turnover hitting 4.7 billion yuan (751 million U.S. dollars). The National Development and Reform Commission (NDRC) launched a nationwide carbon emissions trading system in the power generation industry in December last year. Under the scheme, enterprises are assigned emissions quotas and those producing more than their share of emissions are allowed to buy unused quotas on the market from those that cause less pollution. (Source: NDRC, Xinhua, 27 Mar., 2018)Contact: China National Development and Reform Commission, en.ndrc.gov.cn

More Low-Carbon Energy News China Carbon Market,  China Carbon Emissions,  CO2,  NDRC,  


China Touting World's Largest Carbon Market Plan (Int'l Report)
National Development and Reform Commission
Date: 2018-01-05
China, one of the world's major carbon dioxide emitters, is unveiling the world's largest carbon market encompassing more than 1,700 companies in the power sector accounting for over 3 billion metric tons of emissions in total, according to the National Development and Reform Commission (NDRC).

The market aims to do a cap-and-trade system where companies with larger emissions purchase allocations from companies who emit less. Any company that reaches 26,000 tons of carbon in a year-to-year basis is automatically included in the market. This threshold might be lowered in the future, according to the NDRC.

China aims to cap its emissions by 2030 and greatly reduce its dependence on fossil fuel with the goal of generating 20 pct of their energy from eind, solar and other low-carbon sources, according to the NDRC. (Source: National Development and Reform Commission, BNEF, GineersNow, 4 Jan., 2018) Contact: China National Development and Reform Commission, en.ndrc.gov.cn

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


The Complete Guide to the World's Largest Carbon Market -- China -- Report Attached (Int'l)

Date: 2017-12-20
"In the lead up to the 2015 Paris climate summit, premier Xi Jinping announced China would launch a carbon market in two years. Today (Dec. 19), Xi delivered on his promise, opening up what will become the world's largest carbon market. If wielded wisely, it could help the world's biggest emitter of greenhouse gases hit the goals set under the Paris accord and avoid catastrophic climate change."

Access the report HERE. (Source: Quartz Media, 19 Dec., 2017)

More Low-Carbon Energy News China Carbon Market,  


2017 China Carbon Pricing Survey Findings Released (Int'l)
China Carbon Market
Date: 2017-11-29
According to the independent China Carbon Forum's 2017 China Carbon Pricing Survey, 38 pct of respondents believe emission trading is at least moderately affecting investment decisions in China, even as the nation is still running regional pilot programs. The survey suggests the percentage will continue to rise through to 2025, when 75 pct of those surveyed would likely say emission trading will at least affect their investment decisions.

The survey was launched as China prepares to upgrade its current pilot carbon trading programs in seven regions to a national one within the year with prices expected to rise from about 38 yuan ($5.74) per ton of carbon dioxide emitted in 2017, to 74 yuan per ton in 2020 and 108 yuan per ton in 2025, the survey showed. Most survey respondents expect the ETS will be fully functional around 2020.

Download the survey HERE. (Source: China Carbon Forum, China Global Times, 22 Nov., 2017) Contact: Chine Carbon Forum, www.chinacarbon,info

More Low-Carbon Energy News China Carbon Market,  


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 ,  


Golden State Governor Pitching California-China Carbon Market Merge (Int'l)
California Cap-and-Trade
Date: 2017-06-05
After describing Trump's withdrawal from the Paris Climate accord as "Insane", California Governor Jerry Brown announced he would be holding meetings in Asia this week and would be discussing a possible merge of California's and China's carbon trading markets.

California has the largest carbon trading cap-and-trade system in the United States. China has has launched seven pilot regional trading schemes and plans to roll out a nationwide market later this year. (Source: Various Media, Reuters, 2 June, 2017) Contact: China National Development and Reform Commission, en.ndrc.gov.cn

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


Taiwanese Renewables, Carbon Trading Company Planned (Int'l)
Taiwan Power Company
Date: 2017-01-04
In Taiwan, China, the Changhua County Government reports it plans to establish a power company focused on renewable energy and carbon emission credits trading.

To that end, the Changhua County Commission will seek central government approval to engage in carbon emissions trading. The Commission is also working with state-run Taiwan Power Company to develop green energy. The Commission has also sealed deals with four non-Chinese companies for the construction of wind and solar facilities valued at more than $30.billion, according to the Changhua County Commission. (Source: Changhua County Commission, Taipei Times, 3 Jan., 2017) Contact: Taiwan Power Company, www.taipower.com.tw

More Low-Carbon Energy News China Carbon Market,  Taiwan Power Company ,  China Carbon Emissions,  Carbon Market,  


China Trumpets GHG Reductions, Carbon Markets Success (Int'l)
China,China National Development and Reform Commission
Date: 2016-12-12
In Beijing, China's special representative for climate change Xie Zhenhua reports that China cut its carbon intensity by 20 pct between 2010-15 surpassing its original 17 pct target. Zhenhua added that the use of non-fossil fuels was up by 12 pct, slightly above the targeted 11.4 pct.

Chinese authorities are also reporting that as of the end of Sept. 120 million tons of carbon credits valued at $472 million were traded on the country's 7 pilot carbon credit trading markets including Beijing and Guangdong Province. Authorities are also trumpeting the training of over 1,000 climate change and emissions specialists and the establishment of 100 projects in 10 low-carbon demonstration areas to cope with climate change. (Source: China National Development and Reform Commission, Various Media, Dec., 2016) Contact: China National Development and Reform Commission, en.ndrc.gov.cn

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


Shanghai Airport Joining Chinese Carbon Market (Int'l Report)
Shanghai Pudong International Airport
Date: 2016-12-12
In Shanghai, Pudong International Airport reports it will be included in a nationwide cap-and-trade program China plans to launch in 2017. The Chinese market is expected be the world's largest carbon trading market.

Pudong Airport has recently introduced a series of energy saving technologies including remote and unattended energy monitoring, online controls, energy performance contracting, and advanced energy management information techno" at one of the world's busiest airports. Energy consumption at the airport has decreased over recent years. It was 13.17 tons of coal equivalent (TCE) per 10,000 people last year. The airport's total energy consumption decreased by 1,487.11 TCE from a year ago. (Source: Shanghai Pudong International Airport, Shanghai Daily, 12 Dec., 2016) Contact: Shanghai Pudong International Airport en.shairport.com/pudongair.html

More Low-Carbon Energy News Shanghai,  China Carbon Market,  Carbon Emissions,  

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