“German energy exchange EEX builds foothold in China’s emerging carbon market”
German energy bourse EEX has partnered with several Chinese exchanges to get a foothold in China’s emerging national emissions trading scheme, Kathy Chen and Mike Szabo report for Carbon Pulse. The group is advancing plans to offer trade in euro-denominated offshore carbon derivatives, allowing clients to access the market without the usual political and capital restrictions that typically apply to international investors. “It’s important for multinationals, such as BP and Shell, that have activities in China and will be part of the national scheme to be able to connect what they’re doing in China with what they’re doing elsewhere,” the CEO of EEX, Peter Reitz, told Carbon Pulse.
Read the full story on Carbon Pulse (subscription) here.
Find background on the European emissions trading system ETS in this CLEW factsheet.
Read more on Sino-German energy transition cooperation in this CLEW article.