Asia Pacific > Second Hubei CO2 auction sells out as Shanghai sale fails to gain interest

Second Hubei CO2 auction sells out as Shanghai sale fails to gain interest

Published 09:47 on November 29, 2019  /  Last updated at 09:47 on November 29, 2019  / /  Asia Pacific, China

China’s Hubei province on Friday sold all 3.51 million CO2 allowances on offer as emitters and investors alike swept in to pick up permits at price levels not seen in the secondary market since July last year, while a Shanghai sale restricted to compliance buyers attracted interest in just a fraction of its permits.
China’s Hubei province on Friday sold all 3.51 million CO2 allowances on offer as emitters and investors alike swept in to pick up permits at price levels not seen in the secondary market since July last year, while a Shanghai sale restricted to compliance buyers attracted interest in just a fraction of its permits.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

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.