Reuters: The first carbon permits in Shanghai traded at 27 yuan ($4.43) on Tuesday, as the financial hub launched China's second such trading scheme in a bid to cut its fast-growing greenhouse gas emissions.
Three trades for a total of 9,500 permits for 2013 compliance, known as Shanghai Emissions Allowances (SHEAs), went through in the first half-hour after the market opened. A third carbon market will open in Beijing on Thursday.
China is the world's biggest emitter of greenhouse gas emissions, but...