Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
BHP and HBIS to test CCUS at Hebei steel plants
Australian mining company and major Chinese steelmaker agree to develop projects to demonstrate several technologies
BP and CNPC explore Hainan CCUS project
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
EU ETS revisions close to becoming law
Final shape of the law endorsed by European Parliament with only EU Council endorsement remaining
China’s emissions trading scheme lacks bite
Overly generous allowance allocations and low prices blunt impact of world’s largest cap-and-trade scheme in its first 18 months
Brazil’s carbon markets to grow under Lula
Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets
EU reaches agreement on ETS revision
New scheme for transport and buildings paired with tighter cap in existing system
Coal use increases, but investment lags
High levels of demand are not translating into greenfield investments due to climate policies
RepowerEU financing agreed
Innovation Fund will supply €12bn, with €8bn coming from early auctions of ETS allowances
EU agrees carbon border tariffs
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
EU reaches deal to include shipping in ETS
Provisional agreement is still subject to an overall deal on the ETS revision in late December.
China allowed the coal power benchmark price to rise by up to 20pc after severe power shortages in autumn 2021
China ETS Carbon prices Coal
Shi Weijun
Shanghai
14 November 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

China ETS requires power market reform

Policymakers’ ongoing preference for regulated power tariffs over market-based pricing is one of key problems China needs to address

China needs to reform its inflexible electricity markets before the country’s nascent emissions trading system (ETS) works properly, delegates heard at a recent Europe-China workshop on carbon markets in Shanghai in early November. China has the world’s largest electricity market but prices continue to be largely set by central government, which adjust rates based on a complex calculation involving the type and capacity size of generation source, end-user and location. This interferes with the proper working of the carbon market, according to Zhang Zhongxiang, founding dean of the Ma Yinchu School of Economics in Tianjin University. “Because electricity pricing is set by the government, we c

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BHP and HBIS to test CCUS at Hebei steel plants
27 March 2023
Australian mining company and major Chinese steelmaker agree to develop projects to demonstrate several technologies
Traders expect more carbon border taxes
27 March 2023
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
GE and Svante collaborate on solid sorbent carbon capture
24 March 2023
Companies agree to develop applications of Svante’s novel technology for gas-fired power plants
Industrial emitters demand action to kickstart German CCS
23 March 2023
Companies urge government to prioritise rapid scale-up of technology and infrastructure in forthcoming national carbon management strategy

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search