China CO2 Price May Not Reflect Demand, New Energy Says
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The first carbon-dioxide price reported in China’s Guangdong province at 60 yuan ($9.50) a metric ton is probably coordinated by government and may not reflect demand and supply, said Bloomberg New Energy Finance.
Four Chinese cement makers bought 1.3 million tons of emission permits for the new carbon market at the price, the 21st Century Business Herald reported today. European Union carbon was today at 7.51 euros ($9.81) a ton on the ICE Futures Europe exchange in London as of 3:04 p.m.