CN Markets: Over-subscribed Tianjin auction sells well below secondary market

Published 15:17 on June 10, 2020  /  Last updated at 01:55 on June 11, 2020  /  China, China's Pilot Markets  /  No Comments

China’s Tianjin on Wednesday sold all 2 million carbon permits on offer at its annual auction, as more than 30 buyers took advantage of getting access to allowances well below current secondary market prices.

China’s Tianjin on Wednesday sold all 2 million carbon permits on offer at its annual auction, as more than 30 buyers took advantage of getting access to allowances well below current secondary market prices.

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