Solar panels on barren hills of Mount Taihang in Handan, North China’s Hebei Province Photo: VCG
China’s national carbon market is running smoothly since its launch on July 16, attracting the attention of an increasing number of enterprises, and the pricing for carbon quotas has been in line with expectation. However, industry insiders call for the introduction of institutional investors to facilitate overall transactions.
According to the Shanghai Environment and Energy Exchange, the price for carbon quotas stood at 52.96 yuan ($8.18) per ton at the closure on Friday, an increase of about 10 percent compared with the opening price at 48 yuan on its first trading day.
However, the carbon quota trading volume has been decreasing, with the accumulative trading volume totaling approximately 6.14 million tons since its opening about 20 days ago, a stark contrast to the trading volume of 4.1 million tons on the first trading day.
Carbon dioxide emissions…