Related News
City to trial carbon trading
By Richard Fu |
April 10, 2013, Wednesday
|
Online Edition
Online Edition
SHANGHAI will start a pilot carbon-trading program before the end of June as part of efforts to reduce the intensity of energy use and emissions.
Related regulations and rules for the trading on the Shanghai Environment & Energy Exchange will be rolled out within the year, according to the Shanghai Development and Reform Commission.
The city was one of seven provinces and municipalities chosen by the National Development and Reform Commission in late 2011 to set up carbon trade markets.
China's government expects to clean up the environment with a market-based approach rather than prescriptive command and control regulation.
Regional trials are in preparation for creating a national market.
In carbon trading, a cap is set on the amount of carbon dioxide that may be emitted and then the limit is allocated to participating firms in the form of carbon credit - or the right to discharge a specific volume.
Companies with excessive emissions must buy credits from others.
Shanghai aims to cut energy use per unit of gross domestic product - or energy intensity - by 3-3.5 percent this year and reduce carbon intensity by 3.5 percent, the Shanghai commission said.
The government said last year about 200 local companies, such as steel makers and hotel operators, will participate in the trials.
Related regulations and rules for the trading on the Shanghai Environment & Energy Exchange will be rolled out within the year, according to the Shanghai Development and Reform Commission.
The city was one of seven provinces and municipalities chosen by the National Development and Reform Commission in late 2011 to set up carbon trade markets.
China's government expects to clean up the environment with a market-based approach rather than prescriptive command and control regulation.
Regional trials are in preparation for creating a national market.
In carbon trading, a cap is set on the amount of carbon dioxide that may be emitted and then the limit is allocated to participating firms in the form of carbon credit - or the right to discharge a specific volume.
Companies with excessive emissions must buy credits from others.
Shanghai aims to cut energy use per unit of gross domestic product - or energy intensity - by 3-3.5 percent this year and reduce carbon intensity by 3.5 percent, the Shanghai commission said.
The government said last year about 200 local companies, such as steel makers and hotel operators, will participate in the trials.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
