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China Proposes Measures For Voluntary Trading Of Carbon Emission Reduction Credits

July 9, 2012 in International Environment Reporter

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PHILADELPHIA—China’s top planning body, the National Development and Reform Commission (NRDC), has recommended measures for establishing exchanges for voluntary trading of carbon emission reduction credits.

NRDC in 2011 approved a pilot scheme for trading greenhouse gas emissions in Bejing, Tianjin, Shanghai, Chongqing, Shenzhen, Hubei, and Guandong. The pilot areas are said to be close to finalizing their rules. …

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