Environmental Engineering Reference
In-Depth Information
Fig. 7.1
Allocation of CDM
projects number approved by
China based on emission
reduction type (Data source:
city shall design its pilot ETS under the leadership of municipal development and
reform commission. In January 2012, NDRC officially approved carbon trading
pilot in Beijing, Shanghai, Tianjin, Chongqing, Guangdong, Hubei and Shenzhen.
At present, each pilot is carrying out regional carbon trading construction under the
leadership of the national and local development and reform commission combin-
ing local condition and has achieved initial results especially in carbon trading
market system construction, legislation, overall target, allowance allocation, regis-
try, trading system, MRV system, implementation mechanism and supervision
mechanism, etc.
7.4
Carbon Emissions Trading Platform in China
At present, there are a number of regional carbon exchanges in the world, including
Intercontinental Exchange (ICE), European Climate Exchange (ECX) and Chicago
Climate Exchange (CCX). China has also begun to establish carbon exchanges, and
by the second half of 2008, three leading carbon exchanges had been established in
China: Tianjin Climate Exchange, China-Beijing Environmental Exchange and
Shanghai Environment Energy Exchange. Soon afterward, a number of exchanges
began to develop in other provinces, among which Guangzhou Carbon Emissions
Exchange and China Shenzhen Emission Rights Exchange are rather influential.
According to statistics, there are currently almost 30 exchanges that have been
established.
7.4.1 Tianjin Climate Exchange (TCX)
Tianjin Climate Exchange was set up at Tianjin Binhai New Area on September 25, 2008.
On November 17, 2009, TCX organized China's first carbon-footprint-based
transaction for enterprise carbon neutrality.
