Top Tweets for #CNETS
❓What will be the role of 🇨🇳China's Carbon market in the new Carbon Dual control system?
-Emissions trading is listed as one of 3 major market mechanisms, besides voluntary carbon market and green electricity certificate.
-Total control ➡️ Cap for #CNETS

📉 China national carbon market regulator considers to slash benchmark 4.3% to 0.7823 tCO2/MWh for 2023 (vs 0.8177 for 2022 for the >300MW class coal)
said consultancy IdeaCarbon in a post discussing the draft #CNETS allocation plan

🌏🥂China National ETS celebrates Earth Day 2024 with CEA price hitting record high at CNY 100/t ≈€13
🧐What has triggered the price rally?
From my perspective, the most important factor is the recalibration of the #cnets allowances supply which adds on the market bullishness


Possible stricter regulations in #cnets caused recent CEA rally.
Special highlights on stricter surplus allowances management- power compliance companies have to sell 45% of their surplus within 2 years or by 2026 their surplus allowances from Phase I & II will taken back 2026
‼️📉China national Carbon market regulator might tighten the allowance rules significantly
Latest draft 2023-24 allocation plan shows:
1. Downward revision of 2020 benchmark, deduct from 2023 allowances
2. Limit 2019-2024 allowances carryover to 2025

I am happy to share my views with Bloomberg on #CNETS’s Cement new policy.
As the expansion of ETS coverage is on the government's work list for 2024, we expect the cement clinker industry to be included in the national ETS this year. For more details, see my previous post👀

#CNETS will give a heavy punch on any violation of this regulation.
🌟Punishement on individuals& institution for violation
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![yutong_songyt's tweet photo. Morning, the States Council held a press conference on the recently released #CNETS policy 'Interim Regulations'
The Minister of MEE reiterated #CBAM is a unilateral measure[...] countries should avoid unnecessary spillover effect on countries outside the region.#OCTT https://t.co/KuDdiZLoME](https://pbs.twimg.com/media/GHO2ElTbYAABW0L.jpg)





