New Energy and Environment Digest 新能源与环保参考

Shanghai to Pilot China’s First Municipal Emissions Exchange

Posted in Business & Finance, Carbon Markets, Climate change, Environmental Policies by ebalkan on April 21, 2009
CO2 emissions exchange carbon credit CER CDM Shanghai China Kyoto Protocol reductions mitigate intensity efficiency market mechanism incentive

Annual CO2 Emissions

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.”

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Outsourcing Toxic Dumping, in the Name of the Environment?

evan071Does the Obama administration have the will to face the prospect that a low cost approach might be inimical to a low carbon strategy, and ensure careful planning and responsible oversight? Or will US officials, keen on building a strong bilateral partnership, overlook the consequences of a business-as-usual scenario in China, permitting environmental degradation as the means to ambitious political ends?

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