Shanghai mulls 1% offset limit to stave off CO2 surplus -sources

Published 09:35 on October 27, 2016  /  Last updated at 15:02 on October 27, 2016  /  Asia Pacific, China  /  No Comments

Shanghai officials are considering slashing the limit on offset use in its emissions trading scheme to just 1% and banning all pre-2015 projects in a bid to reduce the surplus that haunted the market in the first trading period, according to sources familiar with the matter.

Shanghai officials are considering slashing the limit on offset use in its emissions trading scheme to just 1% and banning all pre-2015 projects in a bid to reduce the surplus that haunted the market in the first trading period, according to sources familiar with the matter.

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