China launched its national carbon trading exchange, the largest in the world, with the first deal sealed at 7.9 million yuan ($1.2 million), as part of the country's effort to use a market-based mechanism to to achieve its carbon-neutrality goal.
The opening price of 48 yuan a tonne emissions. The first permit for 160,000 tonnes was transacted at 52.78 yuan a tonne, with the total trading volume reaching 7.9 . . .
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