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China’s compliance carbon market price hits record high of $11.74/mtCO2e

March 12, 2024 Comments Off

The price of China’s compliance emission allowances, or CEAs, in the national carbon market hit a record high of Yuan 83.33/mtCO2e ($11.74/mtCO2e) on March 8, as companies rushed to meet a deadline for non-compliance and amid broader signals of tighter emissions regulations from the government. This was the highest carbon price since China’s national emissions trading scheme, or ETS, was…