Shanghai Opens Carbon Market to Trading Pros to Boost Liquidity
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Shanghai, China’s financial hub, allowed an institutional investor to trade emission permits for the first time in a bid to boost liquidity on its exchange.
An unidentified investor traded allowances yesterday to emit 5,000 metric tons of greenhouse gases at 29 yuan ($4.70) each on the Shanghai Environment Energy Exchange, the bourse said in a statement on its website. More than 10 such parties have applied to the exchange to participate in emissions trading, it said.