NEW:📈China Carbon price forecast, by me I am delighted to share the China national carbon price forecast that I presented at our recent webinar, based on the inhouse China national carbon market Supply-Demand model 🐋 Details in this @CB_Markets blog:

🔢 China will set up a National Data Group This central SOE will be under the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) Exclusive news by Economic Observer News:

RT @business: Germany called for exemptions from the European Union’s gas storage filling targets this year amid fears that the requirement…

🗒️ My take on the impacts of 🇨🇳 China’s Coal plants buildout on its climate goal and the national Carbon market I agree with the view that rising coal capacity will hamper China’s climate efforts and raise risks of stranded assets. Moreover, the coal capacity expansion will strengthen the Coal interest groups’ influences, creating more headwinds to green policies in China. This also include resistances to tough rules for the national carbon market. The intensity-based national Carbon market is in fact incentivizing the buildout of new coal plants. They are more efficient and their emission intensities/MWh are below the allowance benchmark (roughly the average emission intensity of coal fleet), so newer coal plants will benefit from surplus allowances. This adds to the other inconvenient truth that China’s power system planner leaning more towards using Coal as balancing power for renewables, rather than gas power which faces obstacles due to high fuel costs and power market design not providing enough incentives for gas. Chinese power consumption is expected to increase 6% this year + peak power load rising to ~1550 GW, mainly driven by sustained electrification in all sectors. Renewables and nuclear will squeeze Coal plants’s running hours, but it would still be a couple of years before we can see decline in coal-fired generation. This means that coal buildout will expand the coverage of ETS, putting pressure on ETS and energy regulators to utilize various instruments (ETS, renewables, Green certificates/Green power) to control the emissions from Coal burn to achieve the 2030 carbon peak goal.

@BubleQe All sources ⬆️ coal, renewables , nuclear ⬆️ Gas likely slow down due to costs and import dependence concerns

@JoebstlR Sorry , Link here

RT @DGTresor: 🔴La conférence "A Carbon Border Adjustment Mechanism for Climate" démarre à 14h ! #CBAMforClimate #CBAM #MACF Suivez en dire…

Link to ICE data

@ThomasShaBeng 😄 I even didn’t notice. Perhaps since my flight is from Oslo 🇳🇴, bokmål then 🇩🇰

China has taken a major step forward in its renewable energy policy by transitioning from fixed pricing to market-based mechanisms. Our blog post:

⛽️ Europe’s soaring gas prices are making it more cost-effective to burn oil for industrial use, potentially boosting the region’s demand for barrels.

Link to the story

@SStapczynski 🤗insightful story on this super important policy!

RT @cangsizhi: China is preparing to scrap fixed pricing on renewable power, and let the market decide how much users pay for clean electri…

RT @cangsizhi: The new policies represent a breakthrough that “reflects a continued push by Chinese authorities to shift the maturing renew…