Carbon market helps cut emissions
Substantial step taken to clean up environment and save energy, report Jiang Xueqing and Chen Hong in Shenzhen, Guangdong province.
On July 18, one month after China launched its first pilot carbon-trading program in Shenzhen, Guangdong province, the city began consulting local businesses and government departments about its draft regulations for the project. The regulations emphasize that carbon credits are corporate assets.
The launch ceremony of the Shenzhen Emissions Trading Scheme saw Shenzhen Energy Group sell 10,000 metric tons of carbon credits to PetroChina International Guangdong at 28 yuan ($4.60) per ton. Hanergy Holding Group also bought 10,000 tons at 30 yuan per ton. Both businesses purchased the credits for investment purposes.
“The launch of the carbon-trading market in Shenzhen demonstrates that China has taken a substantial step in reducing carbon emissions. Following Shenzhen, other carbon-trading pilots at provincial and city levels are making big strides,” said Wu Delin, deputy secretary-general of the Shenzhen municipal government.
It has taken nearly three years to establish China‘s first pilot carbon-trading market. In July 2010, Shenzhen, seven other cities and five provinces were named the sites of China‘s first low-carbon program. The announcement by the National Development and Reform Commission was followed by the foundation of the China Emissions Exchange in Shenzhen two months later.
The move from low-carbon programs to carbon trading came in 2011, when the central government announced pilots in two provinces and five cities, including Shenzhen, Beijing and Shanghai. One year later, China‘s first regulations on the administration of carbon emissions were enacted by the Standing Committee of the Fifth People‘s Congress of Shenzhen Municipality.
|
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).