IHS Chemical Week

Regions :: China

China’s Hubei Province launches carbon trading market

4:57 AM MDT | April 3, 2014 | Deepti Ramesh

The Chinese government says that Hubei Province in central China launched a carbon trading market on 2 April, making the province the sixth location in China to establish such a trading platform. The National Development and Reform Commission (NDRC; Beijing), China’s top economic planning agency, approved in November 2011 a pilot trading scheme for greenhouse gas emission rights in seven locations, including Beijing, Guangdong Province, Shanghai, and Shenzhen, in an effort to encourage reductions of carbon emissions. Other locations given the go-ahead...

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