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China eyes expansion of emissions trading system
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
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Allowance prices rise 34% since start of year as regulator imposes tighter limits and considers reduction of free allocations
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China keeps a tight rein on voluntary credits
Government keen to avoid oversupply issues that dogged previous iteration of voluntary carbon market
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Relaunch comes seven years after market was closed to new entrants because of low volumes and lack of standards
Multiple challenges hinder China CCUS expansion
Greater collaboration with international developers could spur sector’s growth as it grapples with high costs and lack of effective business models, report says
China signals ETS expansion
Preparations underway for inclusion of cement, aluminium and steel producers in world’s largest compliance market by 2030
China set to relaunch voluntary carbon market
Government publishes new methodologies and regulation for offsets programme that was shelved in 2017
China bides its time on ETS extension
Government may not broaden scope of world’s largest cap-and-trade scheme until 2024 or later
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
A nuclear power facility in east China's Jiangsu province
China Nuclear
Shi Weijun
Beijing
29 April 2022
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China approves three new nuclear plants

China’s nuclear power fleet is expected to overtake the US as the world’s largest by the end of this decade

China has approved three new multibillion-dollar projects as Beijing looks to nuclear power to help achieve its climate and clean energy goals. In a recent cabinet meeting chaired by Prime Minister Li Keqiang, the central government disclosed that construction of six new reactors across the three projects has been approved. China’s nuclear power fleet is now expected to overtake the US as the world’s largest by the end of this decade. Half of the reactors under construction in China have been approved in the past three years. Nuclear power should be developed “in an orderly manner under the premise of strict supervision and ensuring absolute safety,” according to a summary of the meeting pub

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