Guangdong becomes China’s first carbon market to approve forward trading

The Guangdong emissions exchange has become the first in China to release rules for forward trading in carbon, though all deals must be negotiated over the counter (OTC) as screen-based forward trading is banned in the country’s regional pilot schemes.

The exchange published the rules on its website in a bid to formalise a trading practice that, according to sources, some market participants have already been informally undertaking as the markets in China grow.  

The National ETS in China is due to begin in 2017.

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