First CCER deal recorded on Shanghai carbon exchange

Published 03:29 on April 9, 2015  /  Last updated at 03:29 on April 9, 2015  /  China, China's Offset Market  /  No Comments

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.

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