Asia Pacific > First CCER deal recorded on Shanghai carbon exchange

First CCER deal recorded on Shanghai carbon exchange

Published 03:29 on April 9, 2015  /  Last updated at 03:29 on April 9, 2015  / /  Asia Pacific, China

The first offset deal has been recorded on the Shanghai Energy and Environment Exchange, with carbon trust fund AJC buying 200,000 pre-CDM CCERs from trading house Treasure Carbon.

The first offset deal has been recorded on the Shanghai Energy and Environment Exchange, with carbon trust fund AJC buying 200,000 pre-CDM CCERs from trading house Treasure Carbon.

The deal went through at an undisclosed price on Wednesday, the Shanghai exchange announced.

Pre-CDM CCERs normally trade at around 5-8 yuan ($0.80-1.30).

The CCERs were from a wind farm project in Gansu province, but are ineligible for compliance use in five of China’s seven pilot carbon markets – Beijing, Chongqing, Guangdong, Hubei and Shanghai.

The seller, Treasure Carbon, along with brokers Shanghai Securities, last December invested 10 million yuan in AJC, a 30 million yuan ($4.8 mln) trust fund.

news@carbon-pulse.com

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.