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New platform cuts electricity bills for reduced carbon emission

Posted on 30 November 2016

Polluters who have reduced their carbon emissions can now apply for a reduction to their electricity bill, thanks to a new system rolled out by the carbon trade center in Beijing. Electric Carbon Contract, a cooperation project between Beijing Environment Exchange and GP Power Electricity Group, was launched on Tuesday in Beijing.
The system links carbon trading with preferential electricity rates, said Mei Dewen, director of Beijing Environment Exchange. Since 2013, China has tested carbon trading in seven pilot cities, including Beijing. Local governments assign tradable carbon emission allowances to key emitters based on their emissions history………………………………………..Full Article: Source


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