Asia Pacific > China’s CNOOC reaps windfall profits from ETS natural gas arrangements

China’s CNOOC reaps windfall profits from ETS natural gas arrangements

Published 13:11 on January 10, 2022  /  Last updated at 13:11 on January 10, 2022  / /  Asia Pacific, China

A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.
A natural gas subsidiary of state-owned China National Offshore Oil Corp. (CNOOC) has used the nation’s emerging green finance market to turn a handsome profit from carbon allowances freely awarded under gas companies’ no-lose inclusion in the world’s biggest emissions trading scheme.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.