The guidelines indicate that the implementation of the national carbon market would be gradual.
Most of the carbon markets in China registered a significant increase in traded volume with minor change in prices.
Prices in Guangdong carbon market bounced back to highest level on one & a half months after hitting new all-time low.
The deposits will yield revenue based on interest rate offered by the bank for allowances submitted by the compliance entities.
Guangdong carbon market fell by 14% while others posted healthy gains.
A number of Chinese banks have launched financial instruments to tap the expanding carbon markets across various jurisdictions.
The first year of emissions trading saw more than 1 billion Yuan in cumulative turnover.
China should gradually expand the planned national carbon market to all industrial sectors.
The Climate Change Division of the National Development and Reform Commission (NDRC) has approved 10 new CCER projects.
The NDRC plans to set up a national carbon market in China by 2016.