Guangdong carbon market closes higher

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Carbon emissions allowances closed at 22.49 yuan (3.35 U.S. dollars) per tonne on Wednesday, 0.13 percent up from Tuesday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China.

The allowances, officially known as Guangdong Emissions Allowances (GDEA).. Since its opening in December 2013, the market has traded 112.13 million tonnes of GDEA, with a total turnover of 2.20 billion yuan….

An excerpt from Xinhuanet