China Launches Carbon Trading Scheme

China Launches Carbon Trading Scheme

August 2, 2012

Carbon credit program launched in Shanghai

Xie Yu
Shanghai municipal government issued guidelines for a pilot carbon trade market that will allow companies to buy and sell carbon credits.

Winds of misfortune took them away
aurelio.asiain / Foter

The guidelines, which were posted on the government website on Tuesday, said the program will have a trial period from 2013 to 2015. About 200 firms from industries such as steel, petrochemicals, non-ferrous metals and power, plus non-industrial fields, such as airlines, ports, airports and hotels, will join the program.

Full Story


Recent Posts