Tag Archive | "carbon"

Foreign firms queue up to join Shenzhen carbon market

Foreign firms queue up to join Shenzhen carbon market BEIJING, Sept 5 (Reuters) – The China Emissions Exchange in Shenzhen has granted a trading license to Singapore-based broker Ginga Petroleum, with another eight foreign utilities and trading firms waiting in line. Ginga became the first non-Chinese … Read more on Reuters Africa

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China : Shenzhen to launch carbon asset custody mechanism

China : Shenzhen to launch carbon asset custody mechanism A new carbon asset custody mechanism is expected to be launched in Shenzhen Emission Trading Scheme (ETS) by the end of 2014. It allows compliance entities to entrust professional agencies to manage their carbon assets to achieve better efficiency. Read more on ICIS (subscription)

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Shenzhen carbon market allows trades to be settled in foreign currencies

Shenzhen carbon market allows trades to be settled in foreign currencies BEIJING Aug 29 (Reuters) – China's Shenzhen carbon market will allow carbon permit trades to be settled in foreign currencies through the Bank of China, as the city tries new ways to attract foreign capital to its nascent market. Shenzhen, a free-trade … Read […]

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China to Let Foreign Investors Trade in Shenzhen Carbon Market

China to Let Foreign Investors Trade in Shenzhen Carbon Market The Shenzhen exchange has yet to set the date or finalize other entry procedures for foreign investors. The State Administration of Foreign Exchange has allowed foreign participation in principal, according to a statement today on the website of the … Read more on Moneynews

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Foreign firms queue up to join Shenzhen carbon market

Foreign firms queue up to join Shenzhen carbon market Ginga became the first non-Chinese firm granted a foreign currency account to join Shenzhen's pilot emissions trading scheme, one of seven set up in the world's biggest-emitting nation ahead of a nationwide market set to begin in 2016. Other companies … Read more on Reuters

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China to Let Foreign Investors Trade in Shenzhen Carbon Market

China to Let Foreign Investors Trade in Shenzhen Carbon Market China, the world's biggest emitter of greenhouse gases, said it will allow foreigners to trade carbon permits in Shenzhen, making it the nation's first emissions exchange to welcome outside investors. The Shenzhen exchange has yet to set the date or … Read more on Bloomberg

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China's Shenzhen sells only a 3rd of discounted carbon permits in auction

China's Shenzhen sells only a 3rd of discounted carbon permits in auction "They don't think the rules are right and they don't want to pay more than they think they should," a Shenzhen-based trader who did not wish to be named told Reuters. The 635 firms participating in the scheme have intensity-based CO2 targets but […]

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China's Shenzhen to punish firms if carbon targets not met-media

China's Shenzhen to punish firms if carbon targets not met-media The Shenzhen government, hosting the oldest of China's six pilot carbon trading markets, last week arranged a special CO2 permit auction to help local emitters meet their targets for 2013 by the June 30 deadline. But only around a third of the permits … Read […]

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Shenzhen May Add Cars To Its Carbon Trading Pilot Program Next Year

Shenzhen May Add Cars To Its Carbon Trading Pilot Program Next Year Bloomberg BNA — Car buyers in the southern city of Shenzhen could be required to purchase carbon quotas along with their vehicles as early as next year if the city's pilot carbon trading program is expanded, a city official said. Shenzhen, which is […]

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Shenzhen to hold its first carbon permit auction

Shenzhen to hold its first carbon permit auction The Shenzhen auction, the first such sale in the city, will come on June 6, with permits sold at a minimum price of 35.43 yuan ($ US5.67), according to a statement by the China Emissions Exchange, which runs the market. "The auctioned permits can only … Read […]

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Shenzhen to hold first-ever auction of carbon permits

Shenzhen to hold first-ever auction of carbon permits Shenzhen will auction 200,000 carbon permits to help the city's big emitters meet their targets under an emissions trading scheme. But speculators who had bought permits in the market in the hope of selling them to emitters at a profit, said the … Read more on South […]

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IFC, Shenzhen partner to develop carbon trading in China

IFC, Shenzhen partner to develop carbon trading in China 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 … Read more on The Asset

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Shenzhen ends first year with carbon surplus

Shenzhen ends first year with carbon surplus Companies covered by the carbon emissions trading scheme in China's fast growing city of Shenzhen saw a surplus of 3 million permits in the first year of the market, vice mayor Tang Jie said, meaning around 10 percent of the allowances were unused. Read more on Business Spectator

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Lessons from Shenzhen carbon exchange will help others flourish

Lessons from Shenzhen carbon exchange will help others flourish More than four months into its operation, China's first carbon emissions exchange in Shenzhen is seeing thin trading volumes and sharp price fluctuations. But industry experts say the process is providing lessons for a national scheme – expected to … Read more on South China Morning […]

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China's Shenzhen to include public transport in carbon scheme: paper

China's Shenzhen to include public transport in carbon scheme: paper BEIJING/OSLO, July 16 (Reuters Point Carbon) – Lawmakers in the Chinese city of Shenzhen are planning to bring buses and taxis into its carbon market later this year, local media reported Tuesday, in a bid to make the scheme more effective in cutting … Read more […]

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