China to pilot carbon trading to help meet emission targets

16 January 2012 04:05  [Source: ICIS news]

GUANGZHOU (ICIS)--China has requested seven cities and provinces to set up carbon trading platforms to help achieve the country’s greenhouse gas emission targets, the National Development and Reform (NDRC) said over the weekend.

The seven pilot regions include the cities of Beijing, Shanghai, Tianjin, Chongqing, Shenzhen, and the provinces of Hubei and Guangdong, according to an NDRC statement on its website.

These cities and provinces are required to submit proposals on schemes that will allow them to achieve targets and will have to receive approval before they are implemented, the statement said.

Under the preliminary plan, China would begin carbon emission trading in these areas by 2013.

By: Fanny Zhang
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