News
Carbon Market
January 26, 2022
EU carbon prices could rally further amid sky-high gas prices: experts
The continuously increasing gas prices have turned European electricity generators to use more polluting coal-fired power and drive up demand for carbon permits. Analysts have thus upped their average price projections for carbon permits in Europe.
January 25, 2022China’s carbon price may surge to 65 yuan per ton if government tighten benchmarks
The Chinese government is reportedly to consider a steeper cut in carbon quotas, which would result in a higher cost for small and inefficient coal power plants.
January 19, 2022Energy intensive industries react with dismay as UK government is not intervening to stabilize carbon prices
The UK government announced on Jan. 18 that it will not intervene to curb costs under the UK Emissions Trading System, following a similar decision in December. The decision implies that the market will be left to operate without intervention in January,
January 14, 2022EU’s proposed carbon pricing rules let half of Europe’s ships off the hook
The European NGO Transport & Environment (T&E) found in a new study that the European Commission's proposed carbon pricing scheme for shipping will let small vessels slip through the net, exempting millions of tonnes of carbon dioxide from tax.
January 12, 2022Vietnam outlines path towards domestic carbon trading scheme
The Vietnamese government published on Tuesday a new decree on greenhouse gas (GHG) emissions and ozone layer preservation, outlining the framework of the Environmental Protection Law and proposes to build up and pilot run a carbon trading scheme from 202
January 10, 2022UK firms facing 10% higher carbon price than EU rivals post Brexit
Since the UK government has refused a link between the UK Emissions Trading System (UK ETS) and the EU Emissions Trading System (EU ETS) after Brexit, British businesses are paying far more for their carbon dioxide production than their EU counterparts.