Sino-German Cooperation
on Biodiversity, Climate and Environment
On behalf of International Climate Initiative (IKI)

Auction of 2 million CO2 allowances for companies with a carbon permit deficit in Tianjin

June 19, 2019 – The city of Tianjin will auction 2 million CO2 allowances on June 27. The auction will only be open to companies that finished 2018 with a deficit of carbon permits and companies cannot purchase more allowances than required to fulfill their 2018 compliance obligation. Despite the auction, there seems to be an oversupply of allocation permits in the Tianjin market overall. However, there is low liquidity in the market.

Source (Chinese):
http://sthj.tj.gov.cn/root16/mechanism/ydqhbhc/201906/t20190613_35640.html

More project related news

MEE publishes list of firms that supported data manipulation in the Chinese national ETS during the first compliance period

After July 2021 reports had shown that the technical service company China Carbon Energy Investment and S&T (中碳能投科技有限公司) falsified emission data and supported key enterprises in their effort to manipulate their data of the first compliance cycle, the Ministry of Ecology and Environment (MEE) announced to increase its attention on the quality of emission data.

Read More »