| China's first comprehensive emissions trading exchange was set up in Tianjin Binhai New Area. The Exchange was jointly established by CNPC Assets Management Co., an affiliate of China National Petroleum Corp., Tianjin Property Rights Exchange and the Chicago Climate Exchange, each taking 53 percent, 22 percent and 25 percent stake in the exchange.
The Chicago Climate Exchange, which has been trading greenhouse gas emission allowances since 2003, is the world's first emission trading exchange under a voluntary but legal binding scheme. The Exchange will principally trade sulfur dioxide emission permits and chemical oxygen demand permits at initial stage, said the Chairman Dai Xiansheng.... Full Press Release: Source
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