23 May 2013:
China Poised to Launch
Much-Anticipated Carbon-Trading Project
China has revealed details of a carbon cap-and-trade pilot project that will be launched next month, a much-anticipated market attempt to rein in carbon dioxide emissions by the world’s biggest emitter. The first phase of the program, which will be implemented in the southern city of Shenzhen, will cover 638 companies
that produce 38 percent of the city’s carbon emissions, according to the city branch of the government’s National Development and Reform Commission (NDRC). The system will impose caps on the companies’ CO2 emissions and establish a market for the buying and selling of emissions permits. Eventually, the program will be expanded to include the transportation, manufacturing, and construction sectors, the Guardian
reports. By 2014, the experimental scheme will be expanded into six other designated cities and provinces, including Beijing, Tianjin, Shanghai, Chongqing, and the provinces of Hubei and Guangdong. Earlier this week, the Chinese newspaper 21st Century Business Herald
reported that the NDRC is contemplating a nationwide system to control CO2 emissions by 2020. China, which uses nearly half of the world’s coal, saw its coal consumption increase by 9 percent last year
. The carbon-trading experiment comes as the government attempts to reduce historic levels of air pollution that have triggered anger in some parts of the country.
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
Yale Environment 360
articles are now available in Spanish and Portuguese on Universia
, the online educational network. Visit the site.
Business & Innovation
Policy & Politics
Pollution & Health
Science & Technology
Antarctica and the Arctic
Central & South America
The 2015 Yale e360 Video Contest winner documents a Northeastern town's bitter battle over a wind farm. Watch the video.
is now available for mobile devices at e360.yale.edu/mobile
A 2015 Yale e360 Video Contest winner captures stunning images of wild salmon runs in Alaska. Watch the video.
video goes onto the front lines with Colorado firefighters confronting deadly blazes fueled by a hotter, drier climate. Watch the video.
A three-part series Tainted Harvest
looks at the soil pollution crisis in China, the threat it poses to the food supply, and the complexity of any cleanup. Read the series.
Top Image: aerial view of Iceland
. © Google & TerraMetrics.