Shanghai Environment and Energy Exchange
China’s national carbon emissions trading market was launched on July 16.
On June 21, Sinopec Shanghai Petrochemical Co., Ltd. (Sinopec Shanghai) completed the first delivery of carbon allowance and CCER swap with an energy company in Hangzhou via the platform of Shanghai Environment and Energy Exchange. The delivery brought Sinopec Shanghai a profit of 1.3 million yuan and a new channel for energy saving and efficiency increasing.
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