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21 May 13 14:31
China’s Shenzhen eyes expanded CO2 market by 2015

BEIJING, May 21 (Reuters Point Carbon) – The Chinese city of Shenzhen, which will launch the first of the country’s seven pilot carbon markets next month, wants to expand the scheme beyond manufacturing and power production to put mandatory CO2 limits on large buildings and transport before 2015, its government said Tuesday.

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21 May 13 10:56
China could set absolute cap on emissions in 2016: paper

BEIJING, May 21 (Reuters Point Carbon) - China’s National Development and Reform Commission (NDRC) has proposed setting an absolute cap on the country’s greenhouse gas emissions from 2016, local media reported Tuesday, a move that would make China’s emissions target independent of its economic growth.

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20 May 13 14:24
China to reject EU fines on airline emissions: papers

BEIJING, May 20 (Reuters Point Carbon) - Chinese airlines are on a collision course with the EU after industry officials said carriers would ignore any fines imposed over failing to report their carbon emissions, local media reported this weekend.

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20 May 13 14:24
ICE lifts trade ban on UN carbon offsets from large hydro

LONDON, May 20 (Reuters Point Carbon) – ICE Futures Europe, the world’s largest emissions exchange, on Friday lifted trading restrictions on U.N.-backed carbon offsets from large hydro projects, a move that could boost liquidity in the credits.

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17 May 13 10:33
China’s Shenzhen to hand out some 100 mln CO2 permits

BEIJING, May 17 (Reuters Point Carbon) – The Shenzhen government has allocated emission permits for the year 2013 to participants in its emissions trading scheme and will hand out around 100 million CO2 emission permits to 635 companies over three years as the first of China’s seven pilot carbon markets prepares for its launch next month.

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17 May 13 10:26
Aus. carbon offset supply surpasses 1 million

BEIJING, May 17 (Reuters Point Carbon) - Australia has now issued over 1 million carbon credits to projects that cut planet-warming gases, a move that could cut the costs energy companies and factories face in complying with the nation’s carbon tax and market.

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16 May 13 09:43
NZ carbon slides below NZ$2 as cheaper ERUs draw attention

BEIJING, May 16 (Reuters Point Carbon) - Government-issued CO2 permits in New Zealand’s Emissions Trading Scheme fell below NZ$2 for the first time since early March this week as traders preferred to buy cheaper U.N.-issued ERUs to use for compliance.

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15 May 13 10:53
Australia scraps A$250 mln carbon fund

BEIJING, May 15 (Reuters Point Carbon) - Australia has scrapped a A$250-million ($247 mln) fund to finance projects that cut greenhouse gas emissions from a change in land use, such as storing carbon in soil and improving cropland management, according to the nation’s climate change ministry.

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14 May 13 13:25
Australia takes A$6 bln writedown after EU CO2 price fall

BEIJING, May 14 (Reuters Point Carbon) – The collapse in European carbon prices has forced Australia to slash its carbon price forecast for 2015 by 58 percent, wiping A$6 billion in revenue from its federal budget over the next four years.

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13 May 13 10:57
Tokyo CO2 scheme long after Japan energy efficiency drive

BEIJING, May 13 (Reuters Point Carbon) - Tokyo’s emissions market recorded just six trades in the 2012/2013 financial year, according to government data, as a nationwide energy efficiency drive triggered by the Fukushima nuclear meltdown forced many companies to cut energy use and saw the scheme record a surplus of permits.

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13 May 13 10:21
S. Korea 2020 CO2 price 15 times higher than EU: report

BEIJING, May 13 (Reuters Point Carbon) – The cost of emitting carbon dioxide in South Korea could reach $150 per tonne by the end of the decade, 15 times more expensive than analysts expect prices in Europe to reach, according to a report published Friday urging the government to rewrite the rules of its future carbon market.

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13 May 13 10:12
EXCLUSIVE-Airbus to China: We support you, please buy our jets

BRUSSELS, May 13 (Reuters) - China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognise its support over a trade row with Europe, a letter seen by Reuters shows.

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10 May 13 10:22
NZ to draft new forestry law after Kyoto withdrawal

BEIJING, May 10 (Reuters Point Carbon) – New Zealand’s government will draft new laws to encourage foresters to help the nation cut emissions of greenhouse gases by planting trees after its refusal to sign up to a second emission cap under the Kyoto Protocol rendered current laws unworkable.

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10 May 13 10:12
Australia to hold first CO2 permit sales by mid-2014

BEIJING, May 10 (Reuters Point Carbon) - Australia will hold two auctions of carbon permits under the nation’s proposed Emissions Trading Scheme by July 1 2014, a full year before the market starts, according to the scheme’s auctioning regulations that became law Friday.

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09 May 13 09:34
NZ carbon stable in lacklustre trading

BEIJING, May 9 (Reuters Point Carbon) - Spot permits in New Zealand’s Emissions Trading Scheme (ETS) barely budged this week, closing Thursday at NZ$2.03, up 3 cents from last week while liquidity fell amid waning interest.

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