China emissions prices surge as ETS starts: Coal

摘要

Prices of China emission allowances (CEAs) rose sharply on the first day of trading in the country’s national emissions market. China’s emissions trading scheme (ETS) started operations at 9.30am local time in Shanghai on 16 July, coming on line following years of preparations and several weeks later than planned. The market opened at 48 yuan/t (€6.30/t or $7.40/t) of CO2 equivalent (CO2e) and rose as high as Yn52.8/t, the maximum 10pc increase allowed under market rules.