Shanghai launches carbon trading market

| BY

clpstaff &clp articles

Shanghai was the first city to release details of its pilot carbon trading market as part of a national policy to encourage a low carbon economy, but questions remain over how the NDRC will regulate the trading platforms

The China Securities Journal stated on July 28 that Shanghai would launch a pilot carbon emissions trading platform in 2013.

    The scheme follows a decision by the National Reform and Development Commission (NDRC) earlier in the year requesting seven cities and provinces to establish carbon trading markets. It is also in line with the 12th five-year plan to cut carbon emissions.

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