Beijing completes first two deals for its local forest carbon sink projects

06 January 2016 – Beijing Municipal Bureau of Landscape and Forestry sold 2,697 tCO2e from two forest carbon sink projects to two companies; the transaction amount ofCNY 88,000 will be used for maintenance of the two projects. The deals were done at Beijing Environmental Exchange in the form of an agreement.

It’s the first deal of forest carbon sink projects in Beijing’s ETS pilot. The two buyers are Linde Gas (Beijing) and Yihai Kerry (Beijing); they are both emission controlled companies of Beijing’s ETS pilot.