Home / Environment / News Tools: Save | Print | E-mail | Most Read | Comment
Environment and energy exchanges launched
Adjust font size:

Two environment and energy exchanges were launched yesterday in Shanghai and Beijing, as the country increases efforts in emission cutting and energy conservation.

The Shanghai Environment and Energy Exchange will collect, filter and publicize information for the environment and energy-related equity and emission credit trading, and provide a platform for such deals between companies or institutions, according to a statement from Shanghai United Assets and Equity Exchange (SUAEE), the sole owner of the environment and energy exchange.

"The establishment of the environment and energy exchange can help transfer the past government-administrated energy allocation into the market," said Luo Xinyu, general manager of SUAEE.

The exchange will also provide consultancy, project design and evaluation, fund operation and technical support to equity owners, energy reservation integrators, research companies and investment institutions.

Luo said the public trading of carbon emission credit on the exchange will change the current situation. The sales price of domestic carbon emission credit is lower than international prices.

"Overseas companies now can come to China and buy the carbon credit on the exchange," said Luo. The Kyoto Protocol, effective from 2005, set strict restrictions on carbon emission of developed countries. Many developed economies began to buy carbon credits from developing countries.

Statistics from the United Nations showed that China provided one-third of the world's carbon emission reduction volume, second only to India.

But Wu Jun, deputy director of the Environmental Protection Science and Technology R&D Center in Yixing, said the local government still needs to stipulate specific related rules on company's energy emission credit and enhance its role in monitoring and enforcement.

Ai Baojun, vice-mayor of Shanghai, said in June that the government will step up efforts to raise the energy utility efficiency and reduce emission through industry restructuring and by updating techniques.

Meanwhile, Beijing also set up its environment exchange yesterday. Xiong Yan, president of Beijing Environment Exchange, said that it will mainly provide information on energy reservation related to technical deals, sulfur dioxide and COD (chemical oxygen demand) credit trading and emission reduction of greenhouse gases.

Luo told China Daily that besides Shanghai and Beijing, Tianjin was also planning to set up an environment and energy exchange.

(China Daily August 6, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name

China Archives
Related >>
- G8 leaders agree to halve greenhouse gas emission by 2050
- Pollution emission permits delayed
- Report: China unleashes clean revolution
- Plan to store carbon dioxide underground
Most Viewed >>
- 10 rare flowers and plants in the world
- Anti-pollution campaigns to continue after Olympics
- Beijing likely to be hit by shower on August 8
- Unidentified acaleph-like aquatic found in SE China
- Haze doesn't mean poor air quality
Air Quality 
Cities Major Pollutant Air Quality Level
Beijing particulate matter II
Shanghai I
Guangzhou I
Chongqing particulate matter II
Xi'an particulate matter II
NGO Events Calendar Tips
- Environmental English Training (EET) class
- Hand in hand to protect endangered animals and plants
- Changchun, Mini-marathon Aimed at Protecting Siberian Tiger
- Water Walk by Nature University
- Green Earth Documentary Salon
Sichuan Earthquake

An earthquake measuring 7.8 on the Richter scale jolted Sichuan Province at 2:28 PM on May 12.

Panda Facts
A record 28 panda cubs born via artificial insemination have survived in 2006.
South China Karst
Rich and unique karst landforms located in south China display exceptional natural beauty.
Saving the Tibetan Antelopes
The rare animals survive in the harsh natural environment of the Qinghai-Tibet Plateau.
Laws & Regulations
- Forestry Law of the People's Republic of China
- Meteorology Law of the People's Republic of China
- Fire Control Law of the People's Republic of China
- Law on Protecting Against and Mitigating Earthquake Disasters
- Law of the People's Republic of China on Conserving Energy
State Environmental Protection Administration
Ministry of Water Resources
Ministry of Land and Resources
China Environmental Industry Network
Chengdu Giant Panda Research Base