China Prices for Carbon Credits Hit 4-Month High

Prices of carbon dioxide equivalents in China reached a four-month high on Monday, as companies rushed to buy carbon credits before the first compliance period comes to an end, Caixin reported.

The price jumped 5.4% from the previous day to close at 49.18 yuan ($7.71) per tonne on Monday, the highest since ending the day at 50.20 yuan on August 24, according to official figures.

Read the full report: Caixin

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.