xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Macro-economy

China carbon trading hits 337 mln tonnes by June

July 12, 2019


Abstract : China's carbon emissions allowances trading had reached 337 million tonnes with a turnover of 7.3 billion yuan (1.06 billion U.S. dollars) by the end of June.

TIANJIN, July 11 (Xinhua) -- China's carbon emissions allowances trading had reached 337 million tonnes with a turnover of 7.3 billion yuan (1.06 billion U.S. dollars) by the end of June.

In June alone, the trading at nine carbon markets across the country hit 19 million tonnes with a combined turnover of 336 million yuan, according to the Tianjin Climate Exchange, one of the nine markets.

The trading volume and turnover in June were up 81.3 percent and 38.3 percent month on month, respectively, the exchange said.

Last month, the two carbon markets in the southern province of Guangdong contributed 13.5 million tonnes of the trading volume and the Tianjin market contributed 2.1 million tonnes, the exchange said.

Carbon emissions allowances were traded between 71.8 yuan and 87.5 yuan per tonne in Beijing, the highest level nationwide. The price at the China Emissions Exchange (Guangzhou), the largest carbon market in China, was around 23 yuan per tonne.

The allowances are carbon dioxide emissions caps assigned to companies. Firms whose emissions surpass their share must buy extra quotas from authorities or purchase unused quotas on the market from those that cause less pollution. Activities on the market are reflective of the industry's emissions control cost.

Scan the QR code and push it to your mobile phone

Keyword: China carbon-trading carbon emission

Reading:

The government takes inspiration from Pirelli’s model to help SMEs in China

S&P issues its first credit rating in China

China, what's behind the retail and hospitality sectors change

First World Longevity Forum and Life Science Conference kicks off in Hezhou, S. China

China to subsidize RMB1.7 bln to 22.79GW of bidding PV capacity

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial