Tianjin’s carbon market will be closed from Friday until further notice, the local carbon exchange said in a statement Thursday after two explosions in an industrial area killed at least 44 people.
The market was open Thursday despite the explosions taking place late on Wednesday, but closed untraded with allowances valued at 22.16 yuan ($3.46).
According to media reports, the explosions left vast areas of the Tianjin port – the world’s tenth biggest – damaged, and by Thursday afternoon at least four big fires were still burning.
By Stian Reklev – stian@carbon-pulse.com
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