Carbon biz to spur green investments
1
A wind-power plant in Fuqing, Fujian province. (JIANG KEHONG/XINHUA)
Vibrancy in China s carbon emissions trading system will help advance the green transformation of the country s energy-intensive industries and make green investment a major theme in the capital market, said experts.
Inaugurated on July 16, China s national carbon emissions trading system, which is the world s largest at present, saw total trading volume exceed 4.7 million tons in the first five trading days.
The carbon emission trading price closed at 55.5 yuan ($8.6) per ton on Thursday, up 2.06 percent from Wednesday.
A dual-city mechanism has been adopted for the national carbon trading system. The Shanghai Environment and Energy Exchange is responsible for building the trading system while the China Hubei Emission Exchange in Wuhan, Hubei province, deals with applications.
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