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CNOOC Trades Carbon

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State-owned China National Offshore Oil Corp. (CNOOC) made its first transaction on China’s national emissions trading system with a purchase of 150,000 tons of allowances in late August. CNOOC said the carbon emission allowances (CEA) will be used as carbon assets and re-traded among domestic enterprises. A subsidiary of CNOOC will manage the allowances and oversee the company's carbon asset management.

Topics:
Carbon Markets , Carbon Prices, CO2 Emissions
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