Asia Pacific > Fewer than 1 in 10 permits allocated under China ETS expected to be traded in early years -official

Fewer than 1 in 10 permits allocated under China ETS expected to be traded in early years -official

Published 21:24 on November 11, 2016  /  Last updated at 21:27 on November 11, 2016  /  Asia Pacific, China  /  No Comments

China expects its national carbon market to attract annual trading volume of up to 500 million tonnes for its first three years, equivalent to less than 10% of the allowances likely to be freely allocated, a senior climate official said Thursday.

China expects its national carbon market to attract annual trading volume of up to 500 million tonnes for its first three years, equivalent to less than 10% of the allowances likely to be freely allocated, a senior climate official said Thursday.

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