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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
China ETS carbon prices rally to record highs
Allowance prices rise 34% since start of year as regulator imposes tighter limits and considers reduction of free allocations
No rapid buildout seen for CCS in China
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
China keeps a tight rein on voluntary credits
Government keen to avoid oversupply issues that dogged previous iteration of voluntary carbon market
China reboots voluntary offset market
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
China
Shi Weijun
Beijing
28 January 2021
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Creating value from carbon dioxide

Rather than treating CO<sub>2</sub> as a waste biproduct, the CEO of C4X Technologies says converting CO<sub>2</sub> into valuable products could dramatically reduce the timeline to net-zero

Wayne Song is the chief executive of C4X Technologies, a Chinese-Canadian CCUS company aiming to scale up and commercialise technology that can convert CO2 into useful, value-added products. Song spoke to Transition Economist about how the company’s technology could help China (where the company is known as Green Carbon Nanotech) accelerate its progress towards carbon neutrality. What is unique about the technology that C4X is developing? Wayne Song: CCUS is well-known but we have added another ‘C’ to the process for conversion—CCCUS. If you look at China’s original roadmap for CCUS, there is not really much about conversion. The U—utilisation—is still largely CO2 at the end of the day. Usin

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17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
Brazil eyes leadership role in global carbon market
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
EU proposes 90% 2050 climate target
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
Greater Mekong taps carbon market growth
1 July 2025
Supportive government policy, deforestation threat and economic opportunity drive forward the region’s monetisation of forest carbon

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