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Chinas Guangdong starts worlds second-biggest carbon exchange

2013-12-21 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Chinas southern province of Guangdong began trading permits on the worlds second-biggest emissions-trading system at the highest price in the nation. Seven trades covering 120,029 metric tons of carbon emissions were completed at 60 yuan ($9.90) to 61 yuan a ton on the first day at the China Emissions Exchange, it said yesterday in an e-mailed statement. Guangdong, capping emissions at 388 million tons this year, will be the biggest carbon market after the system in the European Union, Charlie...

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