Baosteel subsidiary launches tender for carbon offset swap

Published 11:32 on May 31, 2016  /  Last updated at 20:14 on May 31, 2016  /  China, China's Offset Market, China's Pilot Markets  /  No Comments

A subsidiary of Baosteel, China’s biggest steel producer, on Tuesday issued a tender seeking to swap 320,000 of its Guangdong Emissions Allowances (GDEAs) for an equal amount of carbon offsets, a move that could indicate a downward pressure on offset prices.

A subsidiary of Baosteel, China’s biggest steel producer, on Tuesday issued a tender seeking to swap 320,000 of its Guangdong Emissions Allowances (GDEAs) for an equal amount of carbon offsets, a move that could indicate a downward pressure on offset prices.

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