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

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 / / Asia Pacific (Asia), Net Zero Transition (Industrial Decarbonisation)

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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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