Shanghai launches carbon trading market

September 12, 2012 | 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.

    “Shanghai is in a unique position as they already have an established platform and an Energy Exchange,” said Gang Yuan, China head of energy and natural resources at Freshfields Bruckhaus Deringer.

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