Guangdong carbon emissions allowances close unchanged at $5.6 per metric ton

(ECNS) -- Carbon emissions allowances traded at the Guangzhou Emissions Exchange closed at 38.1 yuan (about US$5.6) per metric ton on Thursday, unchanged from the previous trading session.

A total of 100,151 metric tons of emissions allowances changed hands, with a turnover of 3,835,753.15 yuan.

The allowances, known as Guangdong Emissions Allowances (GDEA), set carbon dioxide emission quotas for companies. Businesses that exceed their allocated quotas must purchase additional allowances, while those with surplus quotas can sell them on the market.

(By Kira)