EMISSIONS TRADING – CHINA

Rio Tinto backs China on ETS

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Original article by Angus Grigg, Ben Potter, Lisa Murray
The Australian Financial Review – Page: 5 : 4-Oct-17

Energy Minister Josh Frydenberg says China’s plans to implement an emissions trading scheme before the end of 2017 will not affect the Australian Government’s stance on climate policy and emissions trading. Rio Tinto’s head of environment and climate change, Matthew Bateson, has welcomed China’s announcement. He notes that it would send a "strong message" to other nations if China takes the lead on climate change, adding that the world is moving away from coal as a source of power.

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, AUSTRALIA. OFFICE OF THE CHIEF SCIENTIST, AUSTRALIAN LABOR PARTY, GLENCORE PLC

China moves to put a price on carbon

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Original article by Angus Grigg, Ben Potter, Lisa Murray
The Australian Financial Review – Page: 1 & 6 : 3-Oct-17

China will launch an emissions trading scheme by the end of 2017. The ETS is expected to initially cover power stations, but it will be expanded to cover a range of other industries by 2020, including steel and aluminium production. The ETS could be expected to have a detrimental impact on the level of Australian coal exports to China, currently worth $A8 billion a year, and comes at a time when other regional consumers of Australian coal are imposing similar emission measures.

CORPORATES
TSINGHUA UNIVERSITY, CARBON MARKET INSTITUTE LIMITED, WESFARMERS LIMITED – ASX WES, QANTAS AIRWAYS LIMITED – ASX QAN, ORICA LIMITED – ASX ORI, ORIGIN ENERGY LIMITED – ASX ORG, UNITED NATIONS, GREENPEACE, CHINA. NATIONAL DEVELOPMENT AND REFORM COMMISSION, INSTITUTE FOR ENERGY ECONOMICS AND FINANCIAL ANALYSIS, COMMUNIST PARTY (CHINA), CLIMATE BRIDGE