Guangdong | Carbon market closes higher

Carbon emissions allowances closed at 26.36 yuan (about 3.75 U.S. dollars) per tonne yesterday, 1.35% up from Friday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China.
A total of 28,471 tonnes of allowances were transacted, with a turnover of 750,631.05 yuan.
The allowances, officially known as Guangdong Emissions Allowances (GDEA), are carbon dioxide emissions caps assigned to companies. Firms whose emissions surpass their share must buy extra quotas from authorities or purchase unused quotas on the market from those that cause less pollution.
Since its opening in December 2013, the market has traded 134,205,537 tonnes of GDEA, with a total turnover of 2,620,125,288.16 yuan.
The carbon market in Guangdong covers all companies whose annual carbon dioxide emissions surpass 20,000 tonnes from the province, except those in Shenzhen, which has a separate market. So far, more than 240 enterprises in sectors of power generation, steel, cement, petrochemicals, paper making and aviation have been included.
Activities on the market are reflective of the industry’s emissions control cost in Guangdong, a manufacturing powerhouse and big energy consumer in China. Xinhua

Canton Fair concludes with growing exports to B&R countries

China’s largest trade fair in southern Guangdong Province saw an increase in exports to Belt and Road (B&R) countries and regions, as well as a growing number of buyers from these regions.
The 126th autumn session of biannually-held China Import and Export Fair, also known as the Canton Fair, concluded yesterday with a turnover of 11.06 billion U.S. dollars from exports to B&R countries and regions, up 14.81% year on year, which accounted for 37.75% of the total transaction volume.
According to statistics, the number of participants from B&R buyers at this year’s fair increased by 1.03% year on year to 85,445.
The China Import and Export Fair, held every spring and autumn in Guangzhou, capital of southern China’s Guangdong Province, is widely seen as a barometer of China’s foreign trade. Xinhua