News

Yancheng to open carbon exchange in Sept

By Hao Yan (chinadaily.com.cn)
Updated: 2010-08-24 15:34

The Yancheng Carbon Credit Exchange is to open on Sept 3 in Yancheng city, a port city in East China's Jiangsu province, the vice mayor said.

The exchange, a branch of Shanghai Carbon Credit Exchange, is planned in Yancheng Environment Protection Industrial Park, China's model environment protection industry zone, embracing hi-tech industry and the environment friendly service sector.

The park is to develop six manufacturing industries as major projects: water treatment equipment, air pollution treatment equipment, solid waste treatment equipment, noise and vibration control equipments, environment friendly pharmacy, environment examining equipments.

Related readings:  Carbon trading in pipeline  Carbon trading, a market mechanism for tackling climate change  Carbon trading set to rewrite eco-rulebook  China to start carbon trading market next year  Carbon trading mooted

Yancheng city plans to form an industry cluster of environment protection in three to five years.

China's National Development and Reform Committee, the country's top economy planner, has reportedly issued a plan on Aug 18 listing five provinces and eight cities for carbon credit exchanges pilot program. Zhejiang province, Yancheng city, and Shanghai municipality is not among the selected jurisdiction areas.

The selected provinces and cities are: Guangdong province, Liaoning province, Hubei province, Shanxi province, Yunan province, Tianjin municipality, Chongqing municipality, Shenzhen city in Guangdong province, Xiamen city in Fujian province, Hangzhou city in Zhejiang province, Nanchang city, Guiyang city in Guizhou province, Baoding city in Hebei province.