(Source: Shanghai Emissions Exchange) Shanghai held a last minute auction on the day of its annual compliance surrender. The auction saw bids from 11 entities and cleared a total of 41,855 tons at the reserve price of Y38.77. Read notice (in Chinese)…
Li Jin, PHD, is a Senior Economist and the Assistant General Manager at the Shanghai Environment and Energy Exchange. She has been integral in designing the financial products for carbon allowances and emission reduction credits in the Shanghai carbon market. ChinaCarbon.net.cn sat down to speak with Li Jin about […]
(Source: SHEEX) Shanghai Environment and Energy Exchange has announced that it is building a forward contract market for carbon allowances, the first in China. The new product will be launched in the third quarter of this year, and will allow entities to efficiently manage their compliance costs. Read full article
More than 1 million CCERs had been traded at Shanghai Environment and Energy Exchange until early June.
Shanghai Treasure Carbon bought 200,000 CCERs in Guangdong last month. However, any linkage to this fresh deal could not be established immediately.
Shanghai Bao Carbon New Energy purchased 200 CCERs to offset GHG emissions from one of its annual company events.
Several exchanges in pilot carbon markets have issued guidelines for participation in transaction of CCERs.
Two Shanghai-based companies have launched a 200 million Yuan fund to manage and sell CCERs.
About a dozen institutional investors have filed applications to participate in Shanghai carbon market.
191 companies covered under the Shanghai carbon market reduced emissions by 5.3 million tonnes.