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China launches carbon trading in Hubei

Posted on 03 April 2014

Central China’s Hubei Province Wednesday launched a carbon trading scheme, the country’s sixth. The scheme covers 138 companies in 12 high pollution industries, including power generation and steel, which have been given a combined carbon emission quota of 324 million tonnes this year, the Hubei carbon trade exchange said in a statement.
Under the trading program, those which emit below their quotas can sell their excess to other enterprises or even to investors for profits. Hebei is the first place where the government has sold reserve quotas. About 2 million tonnes of carbon have been sold at a price of 20 yuan (3.20 U.S. dollars) per tonne…………………………………Full Article: Source


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