Shenzhen’s carbon trading transaction value exceeds RMB1 billion

China Emission Exchange (CEEX) (Shenzhen) has completed 1.091 billion yuan of emission transactions as of July 24, 2018. For a secondary market, such a result indicates that Shenzhen has built a standardized trading and risk control system with excellent research and development capabilities and services.

China Emission Exchange (CEEX) (Shenzhen) has completed 1.091 billion yuan of emission transactions as of July 24, 2018. For a secondary market, such a result indicates that Shenzhen has built a standardized trading and risk control system with excellent research and development capabilities and services.

As the only prefecture-level city among the seven ETS pilots, Shenzhen had 636 companies in the sectors of power, water, gas, and manufacturing under the ETS administration at the very beginning. With the improvement of the market mechanism and the emission reduction results, Shenzhen expands the coverage to public transportation, airport, and ports. At present, there are a total of 811 regulatory companies under the Shenzhen carbon market.

Since the launch of the carbon market, China Emissions Exchange has presented quota pledge, repurchase, custody, and carbon-asset-yield-linked carbon financial products, which has led more social capital into green finance and raised public understanding of carbon assets.

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/shenzhens-carbon-trading-transaction-value-exceeds-rmb1-billion/.

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