Trading of New Carbon Credits in China Prompts Wild Price Swings
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Trading of the first voluntary carbon credits issued in China since 2017 has delivered wild price swings.
A market for new China Certified Emission Reduction credits, or CCERs, reopened March 7 after the government restarted approvals following an eight-year suspension amid concerns about the quality of projects being enrolled. CCERs can be purchased by polluters in the country’s national carbon market to offset as much as 5% of their allotted emission allowances, so prices for the two assets should be similar.