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SINGAPORE, July 16, 2021 /PRNewswire/ S&P Global Platts ( Platts ), the leading independent provider of information, analytics, and benchmark prices for the commodities and energy markets today issued an analysis of China s Friday launch of its national carbon emissions trading program, which creates the world s largest carbon market. The 5 Year Plan (2021-2025) released this spring largely reinforced Paris Agreement nationally determined contribution (NDC) targets.
CHINA ETS CARBON PRICES RELATIVELY LOW COMPARED TO OTHER CARBON MARKETS
CNL WTT JKTC (ex-Australia Differential) ($/MMBtu)
The most likely outlook from Platts Analytics Global Integrated Energy Model shows China s 2030 goals being met, despite the strong rebound in coal and gas burn experienced this year. A much bigger question is around China s trajectory to achieve the announced 2060 net zero target.
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Chinese
Roman-kramarchuk
Bruno-brunetti
Kathleen-tanzy
Alan-hayes
Cnooc
Head-of-energy-transition-pricing
Head-of-future-energy-analytics
Platts-analytic
Future-energy-analytics
Energy-transition-pricing