China 2: First try at emissions trading exchange falls over
4 Jul 2008
The creation of China's first emissions trading exchange has been postponed indefinitely amid disagreements on foreign ownership in the bourse.
The CNPC Assets Management Co, an affiliate of the China National Petroleum Co (CNPC), the Tianjin Property Rights Exchange (TPRE) and the US-based Chicago Climate Exchange (CCX) agreed at the beginning of 2008 to set up an emissions bourse in Tianjin, the first in China.
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