Guangdong’s 2019 carbon market turnover ranks first in the country

Recently, the Guangdong Provincial Department of Ecology and Environment released a gazette on ecology and environment in 2019.
The gazette shows that the cumulative carbon emissions quotas and turnover of the province’s carbon market rank first in the country.

Recently, the Guangdong Provincial Department of Ecology and Environment released a gazette on ecology and environment in 2019.

The gazette shows that the cumulative carbon emissions quotas and turnover of the province’s carbon market rank first in the country.

The province’s carbon market quota transaction volume was 45.38 million tons, with a transaction value of 854 million yuan.

Among them, various carbon financial products in the carbon market involve carbon emission rights quotas of 15.29 million tons, with a financing or transaction amount of 114 million yuan.

Throughout the year, foreign institutions traded 1.04 million tons of carbon emission rights through cross-border RMB.

By 2019, the province’s carbon market will have a cumulative carbon emission allowance of 139 million tons and a turnover of 2.715 billion yuan, ranking first in the country.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/11/guangdong-s-2019-carbon-market-turnover-ranks-first-in-the-country/.

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