Asia Pacific > Baosteel subsidiary launches tender for carbon offset swap

Baosteel subsidiary launches tender for carbon offset swap

Published 11:32 on May 31, 2016  /  Last updated at 20:14 on May 31, 2016  / Stian Reklev /  Asia Pacific, China

A subsidiary of Baosteel, China’s biggest steel producer, on Tuesday issued a tender seeking to swap 320,000 of its Guangdong Emissions Allowances (GDEAs) for an equal amount of carbon offsets, a move that could indicate a downward pressure on offset prices.
A subsidiary of Baosteel, China’s biggest steel producer, on Tuesday issued a tender seeking to swap 320,000 of its Guangdong Emissions Allowances (GDEAs) for an equal amount of carbon offsets, a move that could indicate a downward pressure on offset prices.


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