The CCERs are generated from emission reductions attributed to Longyuan's wind power project in Gansu province, western China. The trade comes a day after Beijing became the third of seven planned pilot carbon markets to launch in the country as China aims to limit its output of heat-trapping greenhouse gases. Friday's trade offers a glimmer of hope for China's emission reduction project developers, which have been hard hit by a collapse in international credit prices. China allows CDM projects to re-register with the government so they can supply credits to the domestic market.
Source: REUTERS
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