IHS Chemical Week

Regions :: China

Chongqing launches carbon trading market

2:00 PM MDT | June 23, 2014 | Deepti Ramesh

The Chinese government says that its city of Chongqing launched a carbon trading market on 19 June, making the location the seventh in China to establish such a platform. With the start of this market, all seven approved, pilot trading schemes in the country are operational, the government says. In November 2011, The National Development and Reform Commission (NDRC; Beijing), China’s top economic planning agency, approved a pilot trading scheme for greenhouse gas emission rights in seven locations—Beijing, Chongqing, Guangdong Province, Hubei...

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