Arab Today, arab today china starts carbon trading in shenzhen
Last Updated : GMT 21:55:33
Arab Today, arab today
Arab Today, arab today

China starts carbon trading in Shenzhen

Arab Today, arab today

Arab Today, arab today China starts carbon trading in Shenzhen

Beijing - XINHUA

The city of Shenzhen, in south China\'s Guangdong Province, launched a carbon trading scheme on Tuesday, the country\'s first market for compulsory carbon trading. The scheme covers 635 industrial companies and some public buildings that account for about 40 percent of the city\'s carbon emissions, the Shenzhen carbon trade exchange said in a statement. Under the trading program, those which emit below their quotas could sell their excess limits to other emitters and even investors for profit. The carbon intensity, or the amount of carbon produced per unit of gross domestic product, of the 635 industrial companies in 2015, will slump 32 percent from levels in 2010, the statement said. Eight deals, or 21,112-tonne carbon quotas, were traded Tuesday at prices ranging from 28 to 32 yuan (5.2 U.S. dollars) per tonne. China\'s National Development and Reform Commission, the top economic planning agency, also approved pilot carbon emission trading schemes in six other areas: Beijing, Tianjin, Shanghai, Chongqing, Hubei and Guangdong. Experts and government officials hailed the pilot schemes as a landmark step for China in building a nationwide carbon emission trading market. The country has pledged to reduce carbon dioxide emissions 40 to 45 percent per unit of GDP by 2020, in comparison with 2005.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china starts carbon trading in shenzhen Arab Today, arab today china starts carbon trading in shenzhen

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china starts carbon trading in shenzhen Arab Today, arab today china starts carbon trading in shenzhen

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday