| The carbon exchange in China's Hubei is likely to postpone a May compliance deadline by about a month as the province tries to tackle a massive glut that is currently weighing on the market, industry sources said.
Nearly 140 market participants were supposed to surrender their permits this month to comply with their targets, but Hubei has not yet come to an agreement on emission caps with local companies and has pushed the deadline to June, companies and brokers familiar with the situation said. Hubei government officials could not be immediately reached for a comment...............................................Full Article: Source
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