China launches bulletin on carbon emission rights trading

Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. [Photo/Xinhua]

The Shanghai Environment and Energy Exchange launched a bulletin on the trading of carbon emission rights for the whole nation on Tuesday, according to the bourse's website.

As per the bulletin, all carbon emission quotas should be traded via the trading system in the forms of agreement transfer, one-way bidding or other conforming methods.

Agreement transfer includes listing the agreement transaction and bulk agreement transaction. A trading volume below 100,000 metric tons of equivalent carbon dioxide is a listing agreement transaction, while that involving an equivalence of at least 100,000 tons is a bulk agreement transaction.

The bulletin set price limits at 10 percent for listing agreement transactions and 30 percent for bulk agreement transactions.

Listing agreement transactions will be open from Monday to Friday at 9:30-11:30 am and 1-3 pm, while bulk agreement transactions will be available at 1-3 pm. Trading will be closed at statutory holidays or in accordance with the bourse's notice. The bourse has not announced the trading time for one-way bidding.