carbon-neutrality Tag

23 May G7 Nations Pledge to Transform Road Sector Towards Decarbonization and Net-Zero Emissions

Posted at 10:06 by Tracy Liu

The G7 nations have reaffirmed their commitment to achieving a highly decarbonized road sector by 2030 and net-zero emissions on roads by 2050, as reported by Reuters on May 20. They outlined various actions, including policies to promote the widespread adoption of zero-emission vehicles, aiming...

16 Mar Germany Forms Alliance with Eastern European Countries to Oppose EU’s Planned Phase-Out of Combustion Engines

Posted at 10:01 by Tracy Liu

Germany, along with Italy and some Eastern European nations, has created an alliance to oppose the EU's plan to phase out internal combustion engines from 2035, and they aim to present their own proposal, as reported by Reuters on March 13. On Monday, transport ministers...

09 Mar China to Continue Massive Renewables Construction in the Gobi Desert

Posted at 16:25 by Jordy Leo

China plans to build 450 gigawatts (GW) of solar and wind power capacity in the Gobi Desert and other desert areas, as reported by Reuters on March 5. More than half of the capacity will be installed in four desert areas of Inner Mongolia, Kubuqi,...

09 Mar China Reaffirms Decarbonization Commitment with Economic Stability in Mind

Posted at 15:02 by Lexy Li

China’s Premier Li Keqiang delivered a government work report on March 5, stressing that the nation will continue to enhance its ecological environment and encourage green and low-carbon growth, as reported by Reuters on the same day. According to the premier’s address, China will focus...

21 Feb China’s Zhejiang Province Releases Carbon Peak and Neutrality Timetable

Posted at 16:52 by Lexy Li

Zhejiang provincial government has published a timeline for carbon peak and carbon neutrality, as reported by Sina on February 18. According to the timeline, Zhejiang set three targets for decarbonization. By 2025, the province intends to meet national targets for energy consumption per GDP and...

26 Jan China Increases Flexibility in Energy-Conservation and Emission-Reduction Governance

Posted at 10:20 by Jordy Leo

China’s State Council on January 24 published a new work plan for energy conservation and emission reduction as a part of the country’s 14th Five-Year Plan (FYP), as reported by SCMP on January 25. The work plan reiterated that China’s energy consumption per unit of...

13 Jan Kickstarting Product Carbon Footprinting in China

Posted at 16:20 by Helena Zhu

On January 5, the Chinese Academy of Environmental Planning (CAEP) released the China Products Carbon Footprint Factors Database (中国产品全生命周期温室气体排放系数集), the first open, transparent, and continuously updated product carbon footprinting (PCF) emission factor database in China. The development of this database involved voluntary contributions from 54...

05 Jan China Demands SOEs to Cut Energy Consumption and Carbon Emissions

Posted at 11:13 by Jordy Leo

China’s state-owned enterprises (SOEs) must decrease their energy consumption and carbon dioxide emissions per unit of output value by 15% and 18% by 2025 from 2020 levels, respectively, as reported by Reuters on December 30. Additionally, for state-owned electricity generation firms, renewable energy is supposed...

30 Dec China to Include More Industries in Its Emissions Trading Scheme

Posted at 14:37 by Jordy Leo

China plans to include financial institutions, non-ferrous metals, and building materials in its national emissions trading scheme (ETS), as reported by Reuters on December 29. Specifically, the non-ferrous metal and building materials sectors are expected to join the ETS market as early as 2022. Other...

22 Dec Chinese E-Commerce Company Alibaba Pledges Carbon Neutrality by 2030

Posted at 12:22 by Jordy Leo

Chinese e-commerce giant Alibaba [BABA:US] announced a carbon neutrality target for its operations by 2030 and pledged to reduce carbon dioxide (CO2) emissions by 1.5bn tons across all its businesses by 2035 from 2020 levels, as reported by Reuters on December 18. Specifically, the group...

16 Dec Tackling the Other Greenhouse Gas Emissions: Methane

Posted at 14:25 by Helena Zhu

The conversation around decarbonization and climate change mitigation has long been dominated by the reduction of carbon dioxide (CO2), the most common greenhouse gas. However, during this year’s United Nations climate summit COP26, methane as another form of greenhouse gas rose to the spotlight in...

14 Oct Carbon Accounting, A Tool for Low-Carbon Transition: [Part.1] General Introduction

Posted at 14:57 by Tina Zhang

The United Nations Framework Convention on Climate Change (UNFCCC), coming into force in 1994, set the first steps towards a greener economy transition. A decade after the UNFCCC’s establishment, the Kyoto Protocol became valid, attracting 192 UNFCCC signatories until now, which officially recognized six types...

22 Sep China Pledges to No Longer Build Coal Projects Overseas

Posted at 16:24 by Helena Zhu

President Xi Jinping announced that China will no longer build new coal-fired power projects abroad at the opening meeting of the 76th United Nations General Assembly (UNGA) on September 21, as reported by The Strait Times on September 22. The president also repeated last year’s...

01 Sep HKEX, GFEX Collaborate on Developing Carbon Derivatives Market in GBA

Posted at 14:53 by Helena Zhu

Hong Kong Exchanges and Clearing Limited (HKEX) [0388:HK] announced its strategic collaboration with Guangzhou Futures Exchange (GFEX) to develop a cross-border carbon derivatives market in the Guangzhou-Hong Kong-Macao Greater Bay Area (GBA) on August 27, according to HKEX’s website. The two exchanges signed a memorandum...

04 Aug Pricing Carbon: Emissions Trading Schemes [Part.2]

Posted at 11:58 by Helena Zhu

Part 1 of this article introduced the concept of Emissions Trading Schemes (ETS), the difference between carbon tax and carbon market, and the development of ETS in China. Other ETS around the World According to the World Bank, by May 2021, carbon prices applied to over 20%...