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China Focus: China launches all pilot carbon trading schemes

Posted on 20 June 2014

Southwest China’s Chongqing launched its carbon trading market on Thursday, marking the operation of all seven approved pilot schemes in the country. Sixteen transactions worth more than 4.45 million yuan (723,577 U.S. dollars) and involving gas emission quotas of 145,000 tonnes were reached within half an hour after trading started at 9:30 a.m.
A total of 254 companies with carbon dioxide emissions exceeding 20,000 tonnes each year were selected for the trading market. The government will impose emission quotas for them annually………………………………………..Full Article: Source


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