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The Shanghai Environment and Energy Exchange launched a bulletin on
the trading of carbon emission rights for the whole nation on Tuesday,
according to the bourse's website. As per the bulletin, all carbon emission quotas should be traded via
the trading system in the forms of agreement transfer, one-way bidding
or other conforming methods. Agreement transfer includes listing the agreement transaction and
bulk agreement transaction. A trading volume below 100,000 metric tons
of equivalent carbon dioxide is a listing agreement transaction, while
that involving an equivalence of at least 100,000 tons is a bulk
agreement transaction. The bulletin set price limits at 10 percent for listing agreement transactions and 30 percent for bulk agreement transactions. Listing agreement transactions will be open from Monday to Friday at
9:30-11:30 am and 1-3 pm, while bulk agreement transactions will be
available at 1-3 pm. Trading will be closed at statutory holidays or in
accordance with the bourse's notice. The bourse has not announced the
trading time for one-way bidding.
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