China Plans Biggest Changes Yet to Boost Carbon Market’s Impact

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Bloomberg Nouvelles

China,Greenhouse Gas Emissions,Ministry Of Ecology And Environment

(Bloomberg) -- China plans to tighten supply in its national carbon market to compel large polluters to curb emissions, the most significant step yet to...

-- China plans to tighten supply in its national carbon market to compel large polluters to curb emissions, the most significant step yet to bolster a system that’s so far delivered little support for climate action.

Permits that participants have previously hoarded and failed to trade would also lose their value after 2025, an action that could cut about half of current oversupply, the people said. Total oversupply in the market is estimated at about 360 million tons, according to the London Stock Exchange Group.

Both steps would likely add to pressures that have seen prices advance almost 20% this year to a record of 91.84 yuan a ton Friday, a rate that remains a fraction of the cost of allowances in Europe.China has been revising rules in recent months as it prepares to extend the emissions trading market, which launched in 2021 and covers about 2,200 utilities that are responsible for roughly 4.5 billion tons a year of greenhouse gas emissions.

A forager in eastern Ontario is recommending an unusual way of dealing with invasive plants: eating them.Tauney Stinson lives in Renfrew County, and says invasive plants are actually quite tasty. She's the owner of Forager Bee, which provides outdoor education and teaches people to forage for their own food.Right now she has her eye on garlic mustard, a plant identified as one of the top threats on Ontario's list of invasive terrestrial plants.

MONTREAL — As darkness settled during last week's total solar eclipse, Japanese macaques turned their backs to the sun and red crowned cranes went uncharacteristically quiet. But the Himalayan black bears just slept as if nothing was happening. A Quebec zoo took advantage of last Monday's total solar eclipse to study the behaviours of some of its animals.

 

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