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Carbon Offsets Daily

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China: Biggest Carbon Trade Initiated, First 1M Tons Approved for Trading

Posted in Carbon Market News on August 21, 2008

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gets to trade its carbon indicators equaling a little less than 1 million tons. The credits, acquired though a nitrous oxide (N2O) CDM project by Liaoyang Petrochemical, are a part of China’s biggest carbon deal.

China Biggest Carbon Credits Deal with CDM Project

The environmental impact of nitrous oxide is around 310 times more than that of CO2. A representative of Liaoyang said that NO2 is transformed into nitrogen and oxygen and , where the company has N2O emissions of more than 40K tons per annum.

Canadian and are amongst the buyers of carbon credits obtained through this CDM project.

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