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Beijing launches carbon trading market

2:11 AM MST | November 29, 2013 | Deepti Ramesh

Beijing launched a carbon trading market on 28 November, making it the third city in China to establish such a trading platform, the Ministry of Environmental Protection (MEP; Beijing) says. Shenzhen and Shanghai each launched a carbon emission trading market in June 2013 and on 26 November 2013, respectively. Nearly 490 companies, whose carbon emissions account for 40% of Beijing’s total, have been included in the carbon trading scheme in Beijing. Under the trading program, companies that produce more than their fair share of emissions will be able to buy...

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