KARLSRUHE, Germany, June 16, 2016 /PRNewswire/ --
ICIS is very pleased to announce its launch of a price assessment for the national emissions trading scheme in China. On a weekly basis, the company is assessing how Chinese and international companies value Chinese Certified Emission Reductions (CCERs), a unit that can be used to comply with the Chinese national emissions trading scheme that is poised to launch next year.
In its first assessment on 16th June, the bid/offer spread for a CCER delivered in March 2018 that is eligible for compliance at time of delivery was assessed at 8-12CNY/t. The weekly assessment is offered free of charge for ICIS China carbon market clients, and can be received by non-clients with a one week delay by registering on https://analytics.icis.com/golden-ccer-price-report/.
"Our Golden CCER price assessment is the first time the market gets transparency on expected costs in the national market in China. The Chinese government expects more than 7,000 companies to participate in this market - so our weekly publication should help a lot of entities to manage their costs and make better decision", says Jan Ahrens, Business Director Carbon Analytics.
We are happy to announce that Shell Energy (China) Limited, the trading entity for Shell in China, and SPDDR Carbon Asset Management Centre have agreed to pursue the 1st Golden CCER trade for a fixed price. The deal was announced at the 7th Earth Temple Forum in Beijing earlier today. This transaction shows support of the national market and we hope it will encourage more Golden CCER transactions in future.
"We see this initiative of ICIS as very positive for the development of the Chinese carbon market and hope that our deal is just the start of more trading in the run-up to the national ETS", says Mr. Yao Fuming, Director of the SPDDR Carbon Asset Management Centre.
For more information contact: Amy Holland
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. We provide information and intelligence for global carbon markets through utilizing a unique combination of quantitative and qualitative research, as well as expert opinion to deliver detailed insight into emissions and carbon trading schemes. Our Timing Impact Model is the cornerstone of our analysis and provides clients with a more rounded perspective than conventional approaches. This gives our subscribers a competitive advantage over their competitors. ICIS offers products that cover the California/Quebec, RGGI, EU, South Korea, and China carbon markets.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
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Marketing Manager, ICIS
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