Affected by the fall of all four major U.S. stock indexes, Taiwanese stocks fell more than 100 points at the opening today (21st). “Carbon rights concept stocks” performed defensively, especially paper stocks, which bucked the trend and rose nearly 2%. Among them, Yongfeng Yu ( 1907) surged more than 5%, and the stock prices of Zhenglong (1904), Huazhi (1905), department store trading company Nonglin (2905), and Fuhua (8085), the first company that can recognize carbon rights income, all surged.
The Carbon Rights Exchange will officially open tomorrow, and paper stocks are outperforming this morning. Picture/retrieved from Getty Images (DKosig via Getty Images)
Benefiting from news such as the upcoming launch of the “International Carbon Rights Trading Platform”, paper stocks have risen by more than 15% since November. In early trading this morning, they defied the sharp decline of Taiwanese stocks and “outperformed”. As of around 10 a.m., the index reached 359. At one time, it soared nearly 2%. Among the individual stocks, Yongfengyu (1907) rose the most by more than 5%. The remaining stocks Zhenglong, Huazhi, Baolong, Rongcheng, and Shizhi (1903) also rose strongly.
In addition to paper-making stocks, department store trading stocks Nonglin, Fuhua, which produces electronic components and panel modules, and low-carbon technology-related software and hardware companies such as listed Ruiyang (6752), Puhong (6590), and Humen Technology (6791) ) and others also bucked the trend and opened red.
Before the launch of the “International Carbon Rights Trading Platform”, the stock exchange announced six major trading rules, as follows:
1. The buyer of the international carbon rights trading platform is limited to domestic legal persons, and the seller can be a foreign or domestic legal person.
2. Trading hours are from 9 a.m. to 3:30 p.m. on weekdays, and holidays are the same as those in Taiwan’s banking industry.
3. The trading unit is 1 ton of carbon dioxide equivalent.
4. The transaction currency is US dollars.
5. The carbon rights listed by the seller on the Carbon Exchange should meet certain listing standards. For example, the issuing institution of the carbon rights should be recognized by the Carbon Exchange, the vintage of the carbon rights should be within five years, and the carbon rights project should meet the following three items: The above United Nations Sustainable Development Goals (SDGs), etc.
6. In order to avoid speculation and speculation and implement the Carbon Exchange’s original intention of assisting enterprises in reducing carbon emissions, the buyer can only hold, cancel or transfer the carbon rights to the account of the buyer’s international carbon rights issuance agency after purchasing the carbon rights, and may no longer use them on the Carbon Exchange platform. Resale.
2023-12-21 02:13:15
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