China Carbon Price Tops 100 Yuan For First Time as Rules Tighten

China’s carbon price topped 100 yuan ($13.80) for the first time since the market launched in mid-2021, as large polluters add purchases before the introduction of tighter standards.

Emissions allowances rose 1% to close at 100.59 yuan a ton on Wednesday, according to the National Carbon Trading Agency.

Allowances have risen 30% so far this year, though they remain a fraction of the cost of equivalent permits in the European Union, which closed Tuesday at 65.67 euros ($70.21) a ton.

Plans being discussed by the Ministry of Ecology and Environment, which oversees trading, include measures to address overallocation of ...