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IFC, Shenzhen partner to develop carbon trading in China

Posted on 23 April 2014

IFC, a member of the World Bank Group, has signed a memorandum of understanding with the Shenzhen Emissions Trading Exchange to develop products that will help increase the volume of trades, create more business opportunities, and contribute to mitigating climate change.
China, the world’s biggest emitter of greenhouse-gas emissions, is working to cut its carbon emissions by implementing emissions trading schemes. Last year, the country initiated seven emission trading pilots at provincial and municipal levels, and Shenzhen was the first city to begin an emissions trading scheme………………………………………..Full Article: Source


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