Shanghai Sells First Carbon Permits as Chinese Trading Expands
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The Shanghai Environment and Energy Exchange started trading today, with carbon permits selling for 27 yuan ($4.43) a metric ton as China promotes seven pilot programs as tools for reducing the world’s highest emissions.
The volume for 2013 permits totaled 5,000 tons, according to a statement on the website of the Shanghai Environment and Energy Exchange. The price for 4,000 permits for 2014 was 26 yuan, while 500 permits for 2015 sold at 25 yuan.