| Energy giant BP has struck a deal with a local power company in China for the largest carbon permit buyback contract in the short history of the country's nascent carbon market.
Under the contract, worth 100 million yuan (11 million pounds), Shenzhen Energy, must by June repurchase 4 million permits that it sold to the British oil conglomerate on Saturday, according to the China Emission Exchange in Shenzhen, one of the country's seven pilot carbon bourses...............................................Full Article: Source
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