Asia Pacific > China asks foreign firms to set up supervised accounts to trade Chinese carbon

China asks foreign firms to set up supervised accounts to trade Chinese carbon

Published 10:46 on January 5, 2018  /  Last updated at 20:23 on January 5, 2018  / Stian Reklev /  Asia Pacific, China  /  No Comments

China’s central bank on Friday asked foreign firms looking to trade carbon allowances in China to set up so-called non-resident bank accounts (NRAs) in order to trade yuan-denominated CO2 permits.

China’s central bank on Friday asked foreign firms looking to trade carbon allowances in China to set up so-called non-resident bank accounts (NRAs) in order to trade yuan-denominated CO2 permits.

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