Date
20 September 2017
Major regions with highly polluting industries are being considered for an expanded carbon trading program. Photo: Bloomberg
Major regions with highly polluting industries are being considered for an expanded carbon trading program. Photo: Bloomberg

China eyes big polluters for carbon market, Reuters says

China is planning to expand its pilot carbon trading program into more of its key industrial regions to step up the fight against emissions, Reuters reported Wednesday, citing a top climate official.

Six cities and provinces have launched the scheme in the past 10 months as part of a broader plan to introduce a national market by the end of the decade.

In the meantime, the government is looking to scale up the regional program, Su Wei, a senior official of the National Development and Reform Commission, was quoted as saying.

The move will significantly broaden China’s greenhouse gas regulations and bolster its role as the world’s second biggest hub for emissions trading after the European Union, the report said.

Beijing and Tianjin operate separate carbon markets but these could be linked together, it said.

Also, Hebei, a steel-producing province that is one of China’s biggest polluters, could be added to the market, along with Inner Mongolia and Shanxi province.

In the Yangtze River Delta, manufacturing hubs Jiangsu and Zhejiang could join Shanghai’s carbon market, while in the south, Guangxi, Hainan and other regions could link up to the Guangdong emissions trading scheme, the report said.

– Contact HKEJ at [email protected]

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