Carbon Trading Slowly Gaining Speed

Carbon Trading Slowly Gaining SpeedChina Emissions Exchange the Shenzhen based carbon trading market is the first of its kind in China has seen the rights to 128,000 tons of carbon emissions in deals that was traded and deals more than 8 million yuan since June.

Over the next three years the rights of 100 million tons of carbon emissions is allocated for free to the 635 participating enterprises on the exchange, which is based on their previous emissions and added values. Those companies that emits less than their allowance could trade their remainder in the market thus creating a cap and trade system. Creating an allowance of 33.2 million tons of carbon emissions that was available for trade this year. A slow start in the trading was seen as the market opened for trade in June and saw now trade from July to August, but prices increased a few days and decrease a few days also in October with the highest price at 130 yuan per ton and 80 yuan per ton at the lowest. The 80 yuan per ton trading level continued until November.

Even the price fluctuation in October around 2,600 tons of carbon emissions were traded in 14 days, traders even tried to offer lower prices than the market offered but didn’t see any buyers.  The exchange has been monitoring the carbon trading and didn’t see any irregularities and traders doubted that individuals are controlling the market since it will only take a small amount of money to influence the prices.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Google+: jsasin
  2. - Email: Click here

Have Your Say!

Where is your favorite holiday destination in SEA?

View Results

Loading ... Loading ...

  1. how can i merge google plus and facebook: Another critical feature to recognize at Plus One headquarters is...
  2. W.P: Your mother is a great woman!I hope I can have a mother like her!
  3. Sophia yu: Totally agreed that money doesn’t buy happiness
  4. Joe Hung: I think your composition is good.It is inspirational.I think you are hard working when you do this...
  5. Sugar: Thanks!