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China launches national carbon trading exchange, part of efforts to reach 2060 carbon neutrality goal

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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