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皇冠体育app to start carbon trading market next year
2009-10-14

皇冠体育app will certainly start a domestic carbon trading market within the next year, Gao Zhengqi, general manager of Tianjin Emission Exchange, told CBN reporters on Monday.

By then, enterprise voluntary emission reduction (VER) activity will be implemented in the new domestic carbon trading market.

In the emerging global carbon trading market, 皇冠体育app should actively participate in building carbon markets, to seek rights for carbon pricing.

Otherwise, 皇冠体育app, at the bottom of the global carbon trading chain, will face the loss of pricing power, like that in the international oil market, said Yang Zhi, head of Renmin University of 皇冠体育app research institute on climate change and low-carbon economy.

Yang said that 皇冠体育app's real economy enterprises had contributed to a large amount of emission reduction. Last year, the volume of Certification Emission Reduction (CER) created by 皇冠体育app's Clean Development Mechanism projects (CDM) accounted for 84% of the world's total, ranking first.

However, these CERs have developed into a more expensive financial products and derivatives to be traded after being purchased by developed countries at lower prices.

Editor: Guo Changdong Source: People Daily

 
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