China > Second Hubei CO2 auction sells out as Shanghai sale fails to gain interest

Second Hubei CO2 auction sells out as Shanghai sale fails to gain interest

Published 09:47 on November 29, 2019  /  Last updated at 09:47 on November 29, 2019  /  China, China's Pilot Markets  /  No Comments

China’s Hubei province on Friday sold all 3.51 million CO2 allowances on offer as emitters and investors alike swept in to pick up permits at price levels not seen in the secondary market since July last year, while a Shanghai sale restricted to compliance buyers attracted interest in just a fraction of its permits.

China’s Hubei province on Friday sold all 3.51 million CO2 allowances on offer as emitters and investors alike swept in to pick up permits at price levels not seen in the secondary market since July last year, while a Shanghai sale restricted to compliance buyers attracted interest in just a fraction of its permits.

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