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 Shanghai starts emissions trading

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RR Phantom

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Shanghai starts emissions trading Vide
PostSubject: Shanghai starts emissions trading   Shanghai starts emissions trading Icon_minitimeTue Nov 26, 2013 11:21 pm
China's commercial hub Shanghai began carbon emissions trading on Tuesday, as the nation which is the world's biggest carbon emitter expanded a pilot scheme.

Shanghai starts emissions trading Rw-shanghai-wd-20131126213714459994-620x349

Shanghai is the second Chinese city after Shenzhen to trade carbon to try to limit emissions, with the capital Beijing to follow later this week, state media said.

Under the scheme, companies which exceed their quota of carbon emissions can buy unused allocations from others – providing a market incentive to control pollution.

But the official Xinhua news agency said only 191 companies were taking part in Shanghai, a huge city of 23 million people. They included firms from the steel, chemical and aviation sectors, it said.

Read more: http://www.smh.com.au/world/shanghai-starts-emissions-trading-20131126-2y8hc.html#ixzz2logew61O
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