Beijing carbon emissions trading reaches nearly 1.7 billion yuan since opening

As of June 2020, the cumulative turnover of various carbon emission rights products in Beijing was 61.53 million tons, with a turnover of nearly 1.7 billion yuan, China Beijing Environment Exchange, or CBEEX, told the media.

As of June 2020, the cumulative turnover of various carbon emission rights products in Beijing was 61.53 million tons, with a turnover of nearly 1.7 billion yuan, China Beijing Environment Exchange, or CBEEX, told the media.

As one of the seven pilot regions of the country, Beijing’s carbon emissions trading was opened on November 28, 2013, covering 943 key emission units.

Its trading products include Beijing Emission Allowances (BEA), China Certified Emission Reduction (CCER), etc., which have completed 6 compliance years.

As of June 2020, Beijing’s carbon emission allowance quota (BEA) had a total transaction volume of over 36.47 million tons, with a transaction volume of more than 1.491 billion yuan. The market performance ranked among the top seven national pilots.

At the same time, its transaction volume of China’s Certified Emission Reduction (CCER) was approximately 24.95 million tons, with a turnover of more than 167 million yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/04/beijing-carbon-emissions-trading-reaches-nearly-1-7-billion-yuan-since-opening/.

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