Guangdong pilot ETS has been developing fast

21 April 2015 – Since established on 19th Dec, 2013, 16 million tons of allowances (42% from the total amount traded in China) have been traded in Guangdong pilot ETS. ETS involved companies are main trading subjects in Guangdong pilot ETS. In the first compliance period, 98.9% of the involved companies have succeeded in compliance. Guangdong pilot ETS is the first in China that allocated allowances at a price, and is the first one to start CCER trading online. Guangdong pilot ETS is improving the penalty mechanism for the companies which failed to compliance.
Source: www.ideacarbon.org