China to launch carbon trading pilot at Shenzhen on 18 June

17 June 2013 10:38  [Source: ICIS news]

SINGAPORE (ICIS)--China will launch its first carbon trading scheme at Shenzhen-based China Emission Exchange on 18 June, a source from the exchange said on Monday.

Some 635 local enterprises will sell or buy emission quotas through the platform, said the source.

These companies emitted a combined 31.7m tonnes of carbon in 2010, accounting for 38% of the city’s total, and their combined industrial output accounted for 59% of the city’s total. They contributed to 26% of the city’s GDP in the year, according to a statement from the exchange.

The list of the companies is not published, but the source said that there are no petrochemical companies in the list.

China in the beginning of this year approved seven provinces and cities to pilot carbon trading, including Guangdong and Hubei provinces, Beijing, Shanghai, Tianjin, Chongqing and Shenzhen.

By: Fanny Zhang
+65 6780 4359

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