BEIJING (Reuters) - China's biggest carbon market in Guangdong province will allocate 408 million carbon permits to firms to help them comply with emission targets set for the trading year ending in June 2016, the same amount as the previous year. A total of 186 companies will be granted 370 million carbon permits, which currently trade at a price of 15.52 yuan, down 74 percent from the market's launch one and half years ago, showed a statement from the China Emissions Exchange in Guangdong on Monday. The local government will set aside the remaining 38 million permits for 31 market entrants, and 2 million permits from reserves to be sold during quarterly auctions. The amount of the permits for auction is down from 8 million the previous year, but the government will authorize the exchange to increase the amount if necessary. Regulators have the power to offer more permits and increase the number of auctions to ease shortages or tackle irregular price fluctuation, the statement read. The Guangdong exchange covers firms from four major industries in the region, including coal-fired power, steel, petrochemicals and cement. Firms will be allocated as much as 95 percent of their permits for free. They can choose to take part in the quarterly auctions, but new entrants are obliged to buy permits either from the auctions or the secondary market to cover the charged amount of emissions from new production facilities before they can start operations. Guangdong is the only one of China's seven pilot carbon markets to hold regular auctions. It set a minimum bidding price of 60 yuan per permit in 2013. Last year, prices began at 25 yuan and were raised by 5 yuan at each subsequent auction. The auction price floor has been abolished this year to stimulate the secondary market, the exchange said. (Reporting by Kathy Chen and David Stanway; Editing by Christopher Cushing)
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting
The mogul's latest swimsuit shots have her fans doing some deep-dive detective work
- USA TODAY Sports
Dak Prescott should be ashamed of himself – and not because of squandering the final seconds off the clock in Cowboys' wild-card playoff loss.
- Yahoo Life
The supermodel, who turns 68 on Feb. 2, appears to be vacationing in the Caribbean.
- Business Insider
A former Buckingham Palace royal protection officer says he suspected Ghislaine Maxwell and Prince Andrew had an 'intimate relationship,' according to a new documentary
On Thursday, a judge refuses to dismiss a sexual-assault lawsuit against Prince Andrew brought by Jeffrey Epstein accuser Virginia Giuffre.
- USA TODAY Sports
A hot mic caught Peyton Manning letting fly a profanity Monday night during the ManningCast of the Cardinals-Rams wild-card playoff game.
- Business Insider
A megachurch pastor in Oklahoma apologized for a demonstration during his sermon 'being too extreme and disgusting' when he rubbed spit on a churchgoer's face
Michael Todd, a pastor based in Tulsa, tried to make a point in the sermon, saying "receiving vision from God might get nasty."
- The Hill
Conservative pundit Ann Coulter is predicting the end of Donald Trump's hegemony in the GOP, saying the former president "is done.""Trump is done," Coulter, a onetime Trump booster turned critic, wrote in an email to The New York Times. "You guys should stop obsessing over him."Coulter's comments came in an article published in the Times on Sunday about the mounting tensions between Trump and Florida Gov. Ron DeSantis (R) amid speculation of a...
- Steelers Wire
Ben Roethlisberger and Patrick Mahomes are planning a jersey swap.
- Atlanta Black Star
Meagan Good took social media by storm on Jan. 16 after the actress shared a three-for-one upload showcasing her slim figure. In the Instagram post, the […]
- USA TODAY
Am I wrong for not letting my sister-in-law, 26, and her four kids (ages 1 to 8) stay at my house for a few days? I need advice on my family drama.
- Vikings Wire
The search is officially underway!
- The Daily Beast
ROBYN BECK/AFP via Getty ImagesThere was a time when Donald Trump made news with his rallies—when he said things that utterly shocked us. Who could forget the firestorm he started, for example, when he went after Colin Kaepernick and other NFL players who knelt during the national anthem in 2017, or earlier that year when he called Barack Obama “the founder of ISIS”?Trump’s performance in Arizona on Saturday night—his first rally in months and his much-hyped chance to respond to the one-year ann
Lara Logan no longer is represented by UTA, after her comments in late November in which she compared Dr. Anthony Fauci to Dr. Josef Mengele, the Nazi doctor who performed cruel medical experiments on Jewish prisoners. Seth Oster, spokesperson for the agency, confirmed a Mediaite report that the agency severed ties with Logan. As she […]
Non-Americans Are Calling Out Things Americans Say That Scream, "I'm An American," And Wow, I Guess I'm Gonna Stop Talking For A While
Fellow Americans, prepare to be roasted.View Entire Post ›
- ProFootball Talk on NBC Sports
Sunday’s game between the Eagles and the Buccaneers included a moment during which Tampa Bay coach Bruce Arians went after defensive back Andrew Adams, physically. It came after a muffed punt by Philadelphia receiver Jalen Reagor. Arians, in order to keep Adams from drawing a flag for pulling an opponent off the pile, slapped Adams [more]
- The Hill
"Morning Joe" hosts Joe Scarborough and Mika Brzezinski mocked former President Trump for sending a statement Monday morning attacking the MSNBC show. "Will 'Morning Joe' be canceled? He and Mika's ratings are very low-they are having an extremely hard time finding an audience to listen to the Fake News they spurn," Trump said in his statement. "Losing them would be very sad-hope it doesn't happen!" Separately, Trump attacked Joy Reid, another...
- Yahoo Sports
That's one great teammate.
- Patriots Wire
Bill Belichick had a very simple reasoning for the Patriots' embarrassing playoff loss to the Bills.
- NBC Sports BayArea
Not many people are happier than Stephen A. Smith to see the Cowboys lose Sunday.
- Business Insider
The world's 10 richest men have made so much money during the pandemic that a one-time 99% tax on their gains could pay for all COVID-19 vaccine production and more: Oxfam
Oxfam calculated that the wealth of the world's 10 richest men grew by $15,000 a second — $1.3 billion a day — from March 2020 to November 2021.