Emissions Trading

April 22, 2014
The International Finance Corporation (IFC), a member of the World Bank Group, has signed a memorandum of understanding with the Shenzhen Emissions Trading Exchange to develop products that will help increase the volume of trades, create more business opportunities, and contribute to mitigating climate change.
February 13, 2014
South Korea’s ambitious carbon emissions trading scheme (KETS), which is due to start operation at the beginning of next year, may yield a carbon price of USD93 per tonne of CO2 according to an analysis by Thomson Reuters Point Carbon.
January 27, 2014
China will allow big emitters to use offset credits from destruction of nitrous dioxide to meet domestic climate targets, giving its nod to a type of project that has been banned in other carbon markets.
January 15, 2014
The Korea Exchange has landed the rights to manage South Korea’s emissions trading platform when it launches on Jan. 1, 2015, the Ministry of Environment announced.
January 15, 2014
Japan companies will earn carbon credits by assisting the tiny Pacific island state of Pulau cut its emissions under a new agreement between the two countries.
China Pollution trading
January 13, 2014
Zhou Shengxian, China’s Minister of Environmental Protection, says his department is looking to increase the use of market mechanisms to help clean up its environment and is considering a nation-wide trading system for pollution permits. Trading rights to emit air pollutants such as sulfur dioxide and nitous oxide have been a notable success in the United States after a national trading scheme was established in the mid-1990s.
December 20, 2013
China’s Guangdong Province racked up the first seven deals in its new carbon market yesterday trading about 120,000 tonnes of emissions for CNY7.22 million (USD1.2 million). Prices ranged between CNY60 and CNY61 per tonne, according to the provincial carbon emission trading market.
December 18, 2013
South Korea will fire up its long-discussed carbon exchange market in 2015, a representative of the country’s Finance Ministry confirmed yesterday.
China Green Taxation
December 12, 2013
Despite making noises about introducing a polluter pays system in China since early 2011, it now appears that such a move could be at least another year away, according to experts. In fact, the Chinese Government has repeatedly said over the last two years that it would tax the country’s worst carbon emitters and polluters as it scrambles to find ways to stem the tide of growing unrest due to increased pollution in its air, water and soil.
Shnaghai carbon trading
November 28, 2013
This week, China will launch the pilots of its Beijing and Shanghai emmissions trading schemes. But the operating environment for these schemes will be vastly different to those in Australia or the European Union. From 2013 China has introduced seven pilot trading schemes in key cities and provinces, including Beijing, Shanghai and Guangdong. These schemes vary in scale, rules, and coverage: some cover over 50 percent of local greenhouse emissions; some are more lenient to the use of carbon offsets; some are open to the option of auctioning emission permits.
November 26, 2013
Pilot carbon trading schemes are to be launched in Beijing and Shanghai this week – following on from the launch of the Shenzhen’s market in June – bringing up another milestone in China’s efforts to bring its greenhouse gas (GHG) emissions under control.
November 21, 2013
Shanghai yesterday published out details for its carbon emission trading, setting the stage for it to become China’s second city to open a carbon market, , following in the footsteps of Shenzhen.
Korea Green Growth
November 13, 2013
Despite concerns that it has weakened its commitment, South Korea remains determined to fight global warming by pushing through carbon reduction projects at home and boosting international co-operation, the nation’s ambassador for climate change said.
November 13, 2013
The share of global emissions subject to carbon pricing policies will rise to around 33 percent in 2035 from about 8 percent last year, the International Energy Agency (IEA) said in its 2013 World Energy Outlook released yesterday.
November 11, 2013
The European Union’s Council of Minister has approved a temporary plan to fix the EUs’ troubled carbon market, which has seen prices plummet due to over-supply.
November 08, 2013
A lack of regulation will hamper carbon emission permits in China's fledgling CO2 markets according to the results of a survey released this week. The survey by the consultancy Climate Bridge claims China’s CO2 market will initially trade below USD5 a tonne, which is lower than the crisis-hit European market.
October 11, 2013
With Australia moving to scrap its pioneering carbon-pricing scheme, China is expected to have seven pilot pricing systems in place no later than 2015, followed by a national scheme, according to a new survey from the Australian National University (ANU). The survey, a joint initiative between the Centre for Climate Economics and Policy in the ANU Crawford School of Public Policy in Canberra and Beijing-based NGO China Carbon Forum, collected the opinions of 86 China-based carbon pricing experts. The survey found strong confidence that China will introduce carbon-pricing mechanisms in coming years, that the price of emitting carbon will rise over time, and that China will have both a national emissions trading and a carbon tax by the end of the decade.
OECD Climate and carbon: Aligning prices and policies paper
October 10, 2013
Credible and consistent carbon pricing must be the cornerstone of government action to tackle climate change, according to a new report from the Organization for Economic Co-operation and Development (OECD). Coming less than two weeks after the Intergovernmental Panel on Climate Change issued its latest scientific assessment, which said human influence on the climate system is very clear, the OECD’s strong stand on carbon pricing should serve as a useful counterbalance to politicians who want to back-pedal on climate change policies.
October 04, 2013
The United Nations civil aviation body has reached consensus on a roadmap to create what would be a market-based scheme to help curb carbon emissions from a major industry by 2020, but rejected a European proposal that would have let it apply its own market scheme to foreign airlines in the interim.
October 04, 2013
Japan may expand its clean-energy technology transfer partnerships with Asia-Pacific Economic Cooperation members to reduce its own greenhouse gas emissions.