Asia Pacific > Shanghai auctions off 1 mln CO2 permits under local ETS amid hefty demand

Shanghai auctions off 1 mln CO2 permits under local ETS amid hefty demand

Published 09:52 on November 1, 2023  /  Last updated at 09:52 on November 1, 2023  / Chia-Erh Kuo /  Asia Pacific, China

The Shanghai government sold 1 million carbon allowances under its emissions trading scheme at this week's auction, with the auction clearing a shade above current secondary market levels but well above the sale's price floor amid robust demand.
The Shanghai government sold 1 million carbon allowances under its emissions trading scheme at this week's auction, with the auction clearing a shade above current secondary market levels but well above the sale's price floor amid robust demand.


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