中文简体 | 中文繁体 | Партнеры | 日本語 | 한글
您当前的位置 : 东北网  >  English  >  News  >  China
Guangdong carbon market closes higher
Take me away, mom
Animals on the Road
  • “Water Margin” on eggs
  • Cat the occupier
  • Adorable animals pose like stars
  • Cuddle up together, battling against blizzard
  • Sunshine in the life
  • //english.dbw.cn  2019-07-25 11:05:36
     

    Carbon emissions allowances closed at 23.00 yuan (3.34 U.S. dollars) per tonne on Wednesday, 0.13 percent up from Tuesday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China.

    A total of 20,489 tonnes of allowances were transacted on Wednesday, with a turnover of 471,281.45 yuan.

    The allowances, officially known as Guangdong Emissions Allowances (GDEA), are carbon dioxide emissions caps assigned to companies. Firms whose emissions surpass their share must buy extra quotas from authorities or purchase unused quotas on the market from those that cause less pollution.

    Since its opening in December 2013, the market has traded 132.56 million tonnes of GDEA, with a total turnover of 2.58 billion yuan.

    The carbon market in Guangdong covers all companies whose annual carbon dioxide emissions surpass 20,000 tonnes from the province, except those in Shenzhen, which has a separate market. So far, more than 240 enterprises in sectors of power generation, steel, cement, petrochemicals, paper making and aviation have been included.

    Activities on the market are reflective of the industry's emissions control cost in Guangdong, a manufacturing powerhouse and big energy consumer in China.

    Author:    Source:xinhua    Editor:Yang Fan

    share: 0
    Copyright © 2001-2011 DBW.CN All Rights Reserved.