Shanghai, often recognized for its free-market tendencies and environmental leadership, is introducing China’s first municipal trading mechanism as a means to curb pollution. Last Friday, in advance of a major carbon trade industry event taking place in Beijing this week, word began surfacing in the Chinese media that Shanghai plans to pilot an emissions trading scheme that will involve more than 300 companies’ trading “pollution discharge rights.”
Elizabeth Balkan advises private and public stakeholders on energy and climate policy, and cleantech investment strategies in China. Based in New York City, she has over ten years of China experience.
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