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

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CAO Yun

Advisor
Sino-German Cooperation on Climate Change (SGCCC)
yun.cao@giz.de
Ms. Cao facilitates policy exchange between German and Chinese governments and coordinates work streams on south-south-north cooperation, climate legislation and finance to support China in strengthening its climate governance system. Besides, she supports the development of new projects. She studied at Humboldt University of Berlin, Free University of Berlin and Technical University of Munich, having extensive research experiences on climate and energy policies in China and Germany. Before joining GIZ, she worked at the German Institute for Economic Research (DIW Berlin) for many years.