Hubei CO2 auction clears below market as a quarter of units go unsold

Published 13:08 on November 27, 2019  /  Last updated at 23:51 on November 27, 2019  /  China, China's Pilot Markets  /  No Comments

China’s Hubei province on Wednesday sold three quarters of the 2 million CO2 allowances on offer to ETS participants at an average price 2% below secondary market prices, pushing just over half a million permits on to Friday’s more open sale.

China’s Hubei province on Wednesday sold three quarters of the 2 million CO2 allowances on offer to ETS participants at an average price 2% below secondary market prices, pushing just over half a million permits on to Friday’s more open sale.

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