Two entities under Guangdong carbon market while five under Beijing carbon market have been punished with financial penalties.
Deadline for 2014 compliance year has been determined as 15 June 2015.
Carbon markets in China prepared to launch trading of emission allowances for the second compliance year.
Power supplier Guangdong Yudean Group, the largest emitter covered under the scheme, surrendered 21 million allowances.
Carbon emission allowances worth $118 million were traded during the first year of Guangdong carbon market.
Traded volume in several of China’s carbon market remained high as covered entities faced compliance deadlines.
Heavy trading of carbon allowances in the Beijing carbon market has pushed prices to almost $12 per tonne.
114 compliance entities under Tianjin’s carbon market are required to surrender allowances by 25 July 2014.
Electronics manufacturing companies like Huawei and Foxconn significantly reduced their emissions.
Entities to be covered under the second compliance period being identified.