Services request    Site map     中文  
   Home Services News&Events Research&Development Laws&Regulations Clients Center Careers About CCIC Contact   
Home > News&Events > Industry Updates
Carbon Trading System Likely to be Practiced in Electricity and Other Industries
Updated Time: [ 04-06-2010 ]

National Development and Reform Commission (NDRC) is recently studying and formulating guidelines for the development of low-carbon economy, and is mulling over to initiate carbon trading pilot projects on a small scale in designated industries and regions. Experts thought that, the amount of 1.2 trillion U. S. dollars should be invested in low-carbon technology during 2005 to 2050 period, in order to accomplish the global target of reducing greenhouse gas emission by half by 2050. China pledged on the United Nations Climate Change Conference held in Copenhagen to cut the carbon dioxide emission per unit of GDP by 40% to 45% from 2005 level by 2020. The challenging goal has demonstrated China’s determination and confidence in persisting in the path of “low-carbon” growth. A source from NDRC expressed that, the Commission will next include the goal into regional and industrial development plans, and prepare to establish a carbon emission intensity assessment system on a trial basis. Relevant departments have already initiated researches on carbon emission standards; and to date, the framework analysis has been completed primarily. Carbon intensity standards can provide important reference and basis for the development of assessment system. In addition, NDRC will also study and formulate guidelines for the development of low carbon economy, which will consist of important contents in 2 aspects – one is promoting regional low carbon pilot projects, and the other is strengthening the development of key industries relating to low carbon economy. The contents also include the upgrading and transformation of emerging industries and traditional industries. According to the source from the Commission, in designated industries and regions, the mode of utilizing market means to reduce greenhouse gas emission can be explored; carbon trading pilot projects can be carried out on a small scale. Judging from the current situation, electricity, petroleum and chemical industries are very likely to be selected as pilot industries for carbon trading.

Terms of use  |  Contact
Copyright (c) 2010 CCIC. All Rights Reserved