Shanghai carbon market transacted 35.9698 million tons of allowances in 2017

The spot trading volume of 2017 in Shanghai’s carbon market reached 35.9698 million tons, a year-on-year increase of 54.39%, according to the Shanghai Carbon Market 10th Anniversary Symposium and Shanghai Environment and Energy Exchange Membership Conference in 2018. Besides, all companies that are included in the Shanghai carbon market’s quota management system have paid off their annual quotas f

The spot trading volume of 2017 in Shanghai’s carbon market reached 35.9698 million tons, a year-on-year increase of 54.39%, according to the Shanghai Carbon Market 10th Anniversary Symposium and Shanghai Environment and Energy Exchange Membership Conference in 2018.

Besides, all companies that are included in the Shanghai carbon market’s quota management system have paid off their annual quotas for four consecutive years.

At present, the Shanghai carbon market only trades two types of carbon products—spot products and forward products. The former includes Shanghai carbon emission allowances and Chinese Certified Emission Reductions (CCERs).

The trading volume of allowances in 2017 reached a total of 9.9639 million tons for 244 trading days. The average daily transaction volume exceeded 40,000 tons, with 746,000 tons as the highest single-day transaction.

The spot trading volume of CCERs hits 26.0058 million tons, an increase of 130.91% compared with 2016. The CCER projects in Shanghai cover 11 fields, including biogas utilization, waste heat utilization, coalbed methane utilization, wind power generation, hydropower generation, etc. Wind power and hydropower projects account for 46.27% of the total transaction volume.

Source: Gansu Daily net

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/shanghai-carbon-market-transacted-35-9698-million-tons-of-allowances-in-2017/.

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