āGerman energy exchange EEX builds foothold in Chinaās emerging carbon marketā
German energy bourse EEX has partnered with several Chinese exchanges to get a foothold in Chinaās emerging national emissions trading scheme, Kathy Chen and Mike Szabo report for Carbon Pulse. The group is advancing plans to offer trade in euro-denominated offshore carbon derivatives, allowing clients to access the market without the usual political and capital restrictions that typically apply to international investors. āItās important for multinationals, such as BP and Shell, that have activities in China and will be part of the national scheme to be able to connect what theyāre doing in China with what theyāre doing elsewhere,ā the CEO of EEX, Peter Reitz, told Carbon Pulse.
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Find background on the European emissions trading system ETS in this Ā鶹ĪŽĀė°ę factsheet.
Read more on Sino-German energy transition cooperation in this Ā鶹ĪŽĀė°ę article.