China’s Baotou Steel strikes 50-mln tonne forest carbon offset deal

Published 09:40 on June 30, 2021  /  Last updated at 09:40 on June 30, 2021  /  China, China's National ETS, China's Offset Market  /  No Comments

Chinese steel giant Inner Mongolia Baotou Steel Union Co. has agreed to buy 50 million Chinese Certified Emissions Reductions (CCERs) over 25 years from a domestic forestry and paper company, a deal that could be worth up to 1 billion yuan ($155 mln).

Chinese steel giant Inner Mongolia Baotou Steel Union Co. has agreed to buy 50 million Chinese Certified Emissions Reductions (CCERs) over 25 years from a domestic forestry and paper company, a deal that could be worth up to 1 billion yuan ($155 mln).

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