Shanghai local government has issued emissions monitoring and reporting guidelines for four industrial sectors.
Emission allowances in Shanghai carbon market rallied by almost 5% with healthy traded volume.
First compliance phase of the China carbon market expected to be launched next year, senior NDRC officials reportedly stated.
Traded volume in Hubei carbon market increased by about a third while Shanghai carbon market saw rise about 50% rise in traded volume.
The agreement was signed between the Guangzhou Carbon Emissions Exchange, the Hong Kong Stock Exchange and Guangdong CEPREI Certification Body
Allowances in the Shenzhen carbon market managed to close above the critical level of 40 Yuan with healthy volumes.
Shanghai and Guangdong carbon markets continued to witness bearish trends amidst low volumes.
Almost all markets saw significant decline in prices as traders stayed away from pilot China carbon markets during the first week of 2015.
Beijing, Shenzhen and Guangdong posted significant gains with healthy volumes during the last trading week of 2014.
Beijing Environment Exchange opened the floor of the carbon market to individuals last week.