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China's national carbon market to start in 2016 -official

BEIJING, Aug 31 (Reuters) - China plans to roll out its national market for carbon permit trading in 2016, an official said Sunday, adding that the government is close to finalising rules for what will be the world's biggest emissions trading scheme.

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NZ carbon hits 11-week high on pre-election nerves

Aug 29 (Reuters) - Spot permits in New Zealand's emissions trading scheme rose 11.8 percent over the week to close Friday at NZ$4.25 ($3.56), their highest level since mid-June as some buyers sought to hedge against a potential price spike after next month's election.

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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.

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Australian report urges end to renewable energy target

SYDNEY, Aug 28 (Reuters) - A long-awaited report commissioned by conservative Australian Prime Minister Tony Abbott has effectively recommended ending a scheme under which 20 per cent of the country's electricity would come from renewable sources by 2020.

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China to control price in air pollution market -State Council

BEIJING, Aug 25 (Reuters) - China will control prices when it rolls out a broader market to trade air pollution permits, the State Council said on Monday, the latest plan by one of the world's most polluted countries to combat its deepening environmental crisis.

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NZ carbon stuck in downward trend amid low demand

Aug 22 (Reuters) - Spot permits in New Zealand's carbon market fell another 1.3 percent this week and remained at a four-month low as uncertainty over next month's election kept traders on the fence.

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Beijing expands carbon trading scheme

BEIJING, Aug 21 (Reuters) - The Beijing municipal government will add 120 companies to its emissions trading scheme from 2014, bringing in sectors like public transport in a bid to strengthen control over the city's rapidly growing greenhouse gas emissions.

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Guangdong adds 20 mln permits to China's biggest carbon market

BEIJING, Aug 19 (Reuters) - Guangdong, the biggest of China's seven pilot carbon trading markets, will this year hand out around 6 percent more emission permits to companies than in 2013, potentially aggravating oversupply that sent prices tumbling earlier this year.

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Brazil makes progress on saving forests, Indonesia risks setbacks -report

OSLO, Aug 18 (Reuters) - Brazil has made good progress in safeguarding the Amazon rainforest but Indonesia's plans for its forests could face setbacks under a new government, a report commissioned by top forest aid donor Norway said on Monday.

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China's carbon plans: Secrecy and oversupply darken outlook

BEIJING, Aug 18 (Reuters) - As China lays down plans for a national carbon trading scheme, the world's biggest emitter of greenhouse gases risks repeating mistakes made in carbon trading in Europe by flooding its pilot markets with free permits.

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NZ carbon slumps to 3-mth low as buyers retreat

Aug 15 (Reuters) - Spot carbon permits in the New Zealand Emissions Trading Scheme fell 2.5 percent over the week to close Friday at NZ$3.85 ($3.27), with buyers retreating amid a small but steady flow of supply.

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China's carbon intensity records biggest fall in 4 yrs

BEIJING, Aug 14 (Reuters) - China's carbon intensity - the amount of CO2 it produces per unit of growth - fell by 5 percent in the first half of 2014, helped by the decreasing share of heavy industry in the country's economy, state media said on Thursday.

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South Korea carbon market to go ahead as planned -MOE spokeswoman

Aug 14 (Reuters) - South Korea decided on Thursday that its carbon trading market will go ahead as planned on Jan. 1 of next year, despite the finance minister's calls last month for it to be delayed.

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Japan power firms gas use up 5 pct y/y to record high in July

TOKYO, Aug 12 (Reuters) - Gas use by Japan's 10 regional power monopolies rose to a record high in July, an industry official said, as the utilities continue to rely on the fossil fuel to offset a complete shutdown of the nation's nuclear industry.

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Beijing cuts coal use by 7 pct in H1 in anti-smog push

BEIJING, Aug 12 (Reuters) - China's capital Beijing cut total coal consumption by 7 percent in the first half of 2014 as part of its efforts to tackle smog, the official Xinhua news agency reported, citing data from its environmental protection bureau.

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