Published:
China reveals first pilot carbon trading program
To begin in June in Shenzhen.
China experimental trading scheme will cover 638 companies responsible for 38% of Shenzhen’s total emissions. The National Development and Reform Commission said the scheme will eventually expand to include transportation, manufacturing and construction companies.
Shenzhen is one of seven designated areas where experimental carbon trading programs will be implemented before 2014.
China is the world’s biggest carbon emitter and burns almost as much coal as the rest of the world’s countries combined.
The pilot programs will inform Beijing on how to motivate local authorities to adopt low-carbon policies.
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