26.03.2014 - Carbon trading seen as opportunity for firms
Chinese enterprises should proactively participate in pilot carbon emission trading systems (ETS) and regard it as an opportunity to develop their businesses, a report by US accounting firm Ernst & Young (E&Y) said on Monday. With China planning to expand its pilot carbon ETS on a nationwide scale in its new five- year plan starting 2016, such involvements could prove to be beneficial, the report said. Companies must learn about the details for monitoring and reporting mechanisms on their carbon emission and energy usage status, in order to sustain their competitiveness in the future, Chen Xiaoyan, director of Climate Change and Sustainability Services at E&Y, told a media briefing on Monday.....................................Full Article: Source