Skip to content
Subscriber Only

China Carbon Permits Trade 22% Below Europe on Market Debut

China traded its first carbon dioxide permits for 22 percent less than today’s price in Europe as the nation inaugurated the Shenzhen Emissions Exchange.

The permits were priced from 28 yuan to 30 yuan ($4.90) a metric ton, according to Chen Hai’ou, chief executive officer and president of the exchange. That compares with 4.70 euros ($6.30) a ton today for European Union permits on London’s ICE Futures Europe exchange, the world’s biggest carbon market by traded volume.