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Carbon Permits Rise on Chinas First Market to Exceed EU Price

2013-08-21 10:13:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Carbon permits rose on the Shenzhen Emissions Exchange, the first of seven trial markets in China, to a price exceeding those in Europe, according to Bloomberg New Energy Finance. Shenzhen carbon allowances for 2013 increased to 43 yuan ($7) a metric ton yesterday, up from 28 to 32 yuan a ton on June 18, the first day of trading, said Charlie Cao, a Beijing-based analyst for New Energy Finance. Those trades show that at least some companies are increasingly serious about carbon trading, he said....

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