Tianjin Climate Exchange auctions 2 million tons of carbon quota, with starting price 17.1 yuan / ton

Tianjin Climate Exchange plans to complete the auction of 2 million ton of Tianjin carbon quota TJEA on June 10, according to the pricing rules based on weighted average price of all markets from July 1, 2019 to June 9, 2020, with the starting price is 17.10 yuan / Ton.

Tianjin Climate Exchange plans to complete the auction of 2 million ton of Tianjin carbon quota TJEA on June 10, according to the pricing rules based on weighted average price of all markets from July 1, 2019 to June 9, 2020, with the starting price is 17.10 yuan / Ton.

It is about 25% lower than the closing price of RMB 23.00/ton on the 9th.

It is expected that the auction will attract the participation of several institutions and enterprises.

It is reported that Tianjin will also organize auctions before performing the contract in the future.

(Source: ideacarbon.org)

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/10/tianjin-climate-exchange-auctions-2-million-tons-of-carbon-quota-with-starting-price-17-1-yuan-ton/.

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