Tag Archive | "carbon"

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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Carbon Trading Trial in Shenzhen

Carbon Trading Trial in Shenzhen The city of Shenzhen in Guangdong province has launched a carbon trading scheme, the country's first market for compulsory carbon trading. The scheme covers 635 industrial companies and some public buildings that account for about 40 percent of the … Read more on CRIENGLISH.com

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Shenzhen to launch China's first carbon trading scheme

Shenzhen to launch China's first carbon trading scheme Tomorrow will mark an historic step in the development of the global carbon market, as the city of Shenzhen becomes the first region in China to introduce a mandatory emissions trading scheme (ETS). The pilot scheme, one of seven announced back in 2011 … Read more on […]

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China to launch pilot carbon market

China to launch pilot carbon market The pilot is in the economically thrusting city of Shenzhen, across the border from Hong Kong, one of seven testing grounds Beijing picked in 2011 to try out emissions trading before deciding whether to launch a national system from 2015. Carbon … Read more on Financial Times

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China launches carbon trading scheme in bid to reduce emissions in Shenzhen

China launches carbon trading scheme in bid to reduce emissions in Shenzhen China, the world's largest carbon emitter, has launched its first carbon trading scheme as it tries to reduce pollution from greenhouse gases. A platform allowing businesses in the southern city of Shenzhen to trade permits to emit carbon was … Read more on […]

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China's Shenzhen Sets June 17 as Start of Carbon Emissions Trading

China's Shenzhen Sets June 17 as Start of Carbon Emissions Trading China's Shenzhen, a Special Economic Zone, will start its carbon emissions trading on June 17, its Mayor Qin Xu said in an interview with a local newspaper. View Full Image. REUTERS Australia has launched over the weekend its first clean coal carbon … Read […]

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Shenzhen firms must buy carbon emissions rights

Shenzhen firms must buy carbon emissions rights One of seven test zones appointed by the central government in October, Shenzhen announced on Sept 19 that its system for trading carbon emission rights will start operating in 2013, which will help the city to reduce, by the end of 2015, its carbon … Read more on […]

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