China's national carbon trading market records big growth
5 months ago

China's national carbon trading market records big growth

China Daily  

The file photo shows a wind power plant in Zhangjiakou, North China's Hebei province. China's national carbon trading market has witnessed significant growth since it was launched in July 2021, with trading volume and value both increasing substantially, according to the Ministry of Ecology and Environment. Launched in July 2021 as the largest in the world, the country's national carbon trading market currently only involves the coal-fired power generation sector. Compared with 2018, the carbon intensity of the country's coal-fired power generation sector — carbon emission per unit of electricity generated in the sector — in 2023 decreased by almost 2.4 percent, it said. Addressing the Sunday conference, Huang Runqiu, minister of ecology and environment, pledged efforts to accelerate the development of the national carbon trading market, including incorporating key emitting industries such as steel, cement, and aluminum smelting into the market in a faster fashion.

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History of this topic

New carbon trading platform seen as key to green goals
1 month, 2 weeks ago

New carbon trading platform seen as key to green goals

China Daily  

This undated photo shows a bird's eye view of Qianhai of Shenzhen, Guangdong province. Shenzhen's new carbon trading platform marks a significant step toward China's push for carbon neutrality, as it will revolutionize carbon trading and set up a comprehensive system to measure and label greenhouse gas emissions in the Guangdong-Hong Kong-Macao Greater Bay Area, experts said. China's progress toward …

China proposes expanding carbon trading market to cement, steel, aluminum industries
3 months, 2 weeks ago

China proposes expanding carbon trading market to cement, steel, aluminum industries

China Daily  

The file photo shows a wind power plant in Zhangjiakou, North China's Hebei province. China on Monday unveiled a draft plan to expand its national carbon trading market by including three major carbon-emitting industries—cement, electrolytic aluminum, and steel—seeking public feedback on the proposal. The results indicated that the cement, steel, and electrolytic aluminum sectors are prepared to join the carbon …

Next-gen clean tech key to China's carbon neutrality goal
4 months, 1 week ago

Next-gen clean tech key to China's carbon neutrality goal

China Daily  

An employee operates carbon capture, utilization and storage equipment at a platform off Guangdong province in May 2023. MAO SIQIAN/XINHUA The clean energy industry contributed 11.4 trillion yuan to China's economy last year, accounting for 9 percent of the country's GDP and contributing 40 percent to its GDP growth. The clean energy industry has been one of the main drivers …

Shandong to build national carbon metering center
1 year, 3 months ago

Shandong to build national carbon metering center

China Daily  

An offshore electric power platform in Dongying, Shandong province. Approved by the State Administration for Market Regulation, Shandong will build a national carbon metering center, stated local officials. This will be the third national carbon metering center in the country, after the centers in Inner Mongolia autonomous region and Guangdong province. The national carbon metering center in Shandong province will …

我国建立全球覆盖温室气体排放规模最大的碳市场
1 year, 5 months ago

我国建立全球覆盖温室气体排放规模最大的碳市场

China Daily  

我国采取节能降碳减排、建立完善碳市场等一系列措施，应对气候变化取得积极进展。碳排放强度显著下降，可再生能源发展迅速，风电、光伏装机稳居世界第一。 Aerial photo taken on July 7, 2020 shows a photovoltaic industrial park in Gonghe County of Hainan Tibetan Autonomous Prefecture in northwest China's Qinghai Province. 截至2023年6月30日，我国碳市场碳排放配额累计成交量2.37亿吨，累计成交额109.1亿元。 China has established the world's largest carbon market for greenhouse gas emissions, and has significantly reduced its carbon emissions intensity, Vice Minister of Ecology and Environment Guo Fang said at a National Low-Carbon …

A well-prepared lesson
2 years ago

A well-prepared lesson

China Daily  

Confucian teachings that espouse vigilance help China chart a stable course, Xu Haoyu reports. We need to maintain a sense of crisis regarding food security, especially amid the fallout of the COVID-19 pandemic, despite the fact that China has scored consecutive bumper harvests," Xi said on Aug 11, 2020. The National People's Congress, the country's top legislature, enacted an Anti-Food …

A well-prepared lesson
2 years ago

A well-prepared lesson

China Daily  

Confucian teachings that espouse vigilance help China chart a stable course, Xu Haoyu reports. We need to maintain a sense of crisis regarding food security, especially amid the fallout of the COVID-19 pandemic, despite the fact that China has scored consecutive bumper harvests," Xi said on Aug 11, 2020. The National People's Congress, the country's top legislature, enacted an Anti-Food …

India plans to open carbon market: What is it and how will it help in the fight against climate change?
2 years, 4 months ago

India plans to open carbon market: What is it and how will it help in the fight against climate change?

Firstpost  

A carbon market could be a gamechanger for India in its fight against climate change. It would go a long way in the country’s attempt of achieving net zero greenhouse gas emissions by 2070 As part of its attempts to go green and achieve its climate targets, India plans to open a carbon trading market for major emitters in the …

Opinion: With the Climate Clock Ticking, Carbon Trading is the Way Forward
2 years, 6 months ago

Opinion: With the Climate Clock Ticking, Carbon Trading is the Way Forward

News 18  

Have you ever wondered that humans cannot perform any act without the involvement of environment? The Kyoto Protocol introduced a carbon credit system that imposed national caps on greenhouse gas emissions by developed nations who ratified this protocol. – Carbon credits are most often earned through agricultural or forestry practices, although a credit can be earned by nearly any project …

Tianjin sees carbon trade grow
2 years, 8 months ago

Tianjin sees carbon trade grow

China Daily  

As one of China’s seven carbon trade pilot areas, Tianjin has seen fruitful results in its orderly and effective emission trading market with a series of policies and measures that have been released since 2013. Through cap and trade, Tianjin has witnessed notable reduction of carbon emissions in key industries, which in turn will facilitate the city's comprehensive green transformation. …

China set to lead in carbon neutrality with innovation
2 years, 11 months ago

China set to lead in carbon neutrality with innovation

China Daily  

China set to lead in carbon neutrality with innovation chinadaily.com.cn Updated: Jan 19, 2022 A view of the wind turbines installed on Nanpeng Island, Guangdong province, in August. China is expected to take the lead in achieving carbon neutrality worldwide, not only because the country has taken the helm in renewable energy installed capacity, but also due to the government's …

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