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China Unlikely to Stimulate New Carbon Credit Supply Efforts

2013-05-15 09:10:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: China, the worlds largest greenhouse-gas emitter, probably wont import carbon credits for two decades as global diplomats craft a new emissions market that will increase supply, the nations climate negotiator said. Using offsets from outside China in that period is an unlikely scenario, Su Wei said in an interview in Bonn earlier this month. Rather, internally we will have a lot of offsetting credits. United Nations envoys are seeking to put together a new carbon market as the world...

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China agrees $8bn Airbus order after carbon rules relaxed

2013-04-26 13:55:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: China has placed an $8bn order for 60 planes from Airbus, the first such deal agreed since the EU suspended foreign airlines from inclusion in its emissions trading scheme. The order consists of 42 A320 aircraft and 18 A330 wide-body passenger jets and concludes a saga that saw Beijing reportedly freeze all purchases in protest against the original regulations, which would have forced its airlines to pay for carbon emitted during flights in and out of EU airports. The scheme had upset diplomatic...

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Australia, China Collaborate on Asia-Pacific Carbon Market

2013-03-28 00:19:00| Climate Ark Climate Change & Global Warming Newsfeed

Environment News Service: Australia and China are working in concert to develop their individual carbon trading markets as a first step towards a broader Asia-Pacific carbon market, officials from both countries announced today. The announcement came at the Australia-China Ministerial Dialogue on Climate Change in Sydney, led by Greg Combet, the Australian minister for climate change, industry and innovation, and Xie Zhenhua, the vice chairman of China's National Development and Reform Commission. China is the world's...

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China delays carbon tax

2013-03-07 23:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: China will not introduce a carbon tax in 2013, reports Bloomberg. A carbon tax proposed under the country's most recent five-year plan was expected to go into effect in 2011, but Jia Kang, the head of research at China's Ministry of Finance, said the tax will not be introduced this year. The carbon tax is intended to reduce China's greenhouse gas emissions, which are the highest in the world and have been outpacing the country's breakneck speed of economic growth. Public awareness of emissions...

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China Backing Away From Carbon Tax Start in 2013, Official Says

2013-03-06 02:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: China will wait until after this year to introduce a tax on carbon, deferring to concern that economic growth might suffer, a government researcher said. The nation eventually expects to introduce a levy of 5 yuan to 10 yuan (80 cents to $1.61) per ton of carbon, Jia Kang, head of research at the Ministry of Finance, said in Beijing yesterday. The tax, proposed in Chinas latest five-year plan, was intended to apply to carbon emissions from fossil fuels, KPMG International said in a May 2011 report....

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