Guangdong CO2 Auction Clears 5.4% Above Floor Price

21 September 2016 – Guangdong successfully held its first CO2 auction for the year 2016, as it sold all 500,000 CO2 allowances on offer in Wednesday’s auction at 5.4% above the minimum price, the Guangzhou Emissions Exchange said. The permits cleared at 9.88 RMB ($1.48), above the 9.37  minimum price for this auction. Ten companies bid successfully at the auction, which attracted a total of 13 bids for 858,000 t-CO2. The total turnover amounted to 4,940,000 RMB.