15 October 2018

Beijing begins carbon credit trading trial, Xinhua says

The Beijing municipal government launched Thursday carbon credit trading under a trial scheme, allowing parties to buy and sell greenhouse gas emission rights, Xinhua news agency reported. More than 490 firms, which account for about 40 percent of the total carbon emission in the capital city, will participate in the scheme in the initial phase. Some analysts believe China could become the world’s second largest carbon trading market as Beijing, Shanghai, Tianjin, Chongqing and Shenzhen cities and Hubei and Guangdong provinces will all launch trials by year-end, the report said.

– Contact HKEJ [email protected]



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