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First Shanghai carbon permits trade China moves on emissions

2013-11-26 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The first carbon permits in Shanghai traded at 27 yuan ($4.43) on Tuesday, as the financial hub launched China's second such trading scheme in a bid to cut its fast-growing greenhouse gas emissions. Three trades for a total of 9,500 permits for 2013 compliance, known as Shanghai Emissions Allowances (SHEAs), went through in the first half-hour after the market opened. A third carbon market will open in Beijing on Thursday. China is the world's biggest emitter of greenhouse gas emissions, but...

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