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16 Jul
14:00

China trades 4m carbon credits on day one

China's national carbon emission trading market was officially launched by the Shanghai Environmental Energy Exchange on 16 July after the opening ceremony held at the same time in Beijing, Shanghai and Wuhan, Kallanish notes. The opening price of the carbon emission allowance is CNY 48/tonne ($7.42/t). At 9:30 after the official opening, the first carbon transaction was reached and a price of CNY 52.78/t with a transaction volume of 1…
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