| Hubei province, China’s second largest carbon market, reported a 100 percent compliance rate in its first trading year, thanks to a decision by the local authority to postpone the deadline by which firms had to surrender their permits. All 138 companies obligated to cut their CO2 emissions under the Hubei scheme had complied in full by this week, the official local newspaper Hubei Daily reported.
The deadline was originally set for May 30, but was postponed to July 10 as regulators dealt with complaints from firms that they were being treated unfairly. The China Hubei Emissions Exchange said 27 companies missed the July deadline, but they were now all fully complied...............................................Full Article: Source |