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