ESG & Investing
China Carbon Prices Hit Record High Ahead of Compliance Deadline
A coal fired power plant in Hanchuan, Hubei province, China.
Photographer: Getty Images/Getty Images
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China’s carbon prices rose to a record high as a looming compliance deadline for industries increased the prospect of a supply shortfall.
Emissions permits jumped 2.5% to 103.49 yuan ($14.62) a ton on Monday, the highest on record since the market launched in mid-2021, according to the National Carbon Trading Agency. They are up about 35% so far this year, following government announcements of more stringent regulations to stimulate the market.